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Flipkart in talks to raise a humongous $1 billion fresh round of funding

Jubin Mehta
posted on 23rd July 2014
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If Flipkart is in the news, it's probably about a fresh round of funding. This time around, Flipkart is believed to be in talks to raise a huge $1 billion funding round (source). The news is not confirmed yet but the report suggests that half of the amount will come from existing investors Tiger Global, Russian billionaire Yuri Milner's DST and Accel Partners while the rest will come from several new investors. Social media has erupted over the news as this development takes the total funding for Flipkart to over $1.7 billion.

Flipkart

Sachin Bansal, flipkart co-founder
Sachin Bansal

Binny Bansal
Binny Bansal

This fresh round of funding (if true) will put the valuation at over $5 billion. This will be the largest round of funding for any internet company in India and amongst the highest across the globe.

Stay tuned for more on the news and here is a video from TechSparks 2013 where

takes us through the journey from his point of view:

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