Flipkart, a Bangalore, India-based e-commerce platform, raised $210m in funding.
The round was led by DST Global, with participation from existing investors Tiger Global Management, Naspers, and Iconiq Capital.
The company intends to use the funds to continue to expand operations.
Led by Sachin Bansal, co-founder and CEO, and Binny Bansal, co-founder and COO, Flipkart offers books, movies, music, games, mobiles, cameras, computers, healthcare and personal products, home appliances and electronics, stationery, perfumes, toys, apparels, shoes.
The company has just acquired Myntra, an online retailer that focuses on fashion (read here).
FinSMEs
27/05/2014
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