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's revenue model is to keep getting more funding?
— Sherni. (@Highheelswaali) July 23, 2014
Flipkart raises $1B - for Indian startups, it is the best of times, it is the worst of times, the epoch of belief, the epoch of incredulity — Sumanth Raghavendra (@sumanthr) July 23, 2014
Judging by Flipkart's apparent $5B valuation and $1B fund raise, looks like the Myntra acquisition was a "win-win" for everyone involved. — Rohin Dharmakumar (@r0h1n) July 23, 2014
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: