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Flipkart Raises $160M in Equity Funding

2013-10-09
BANGALORE, INDIA, Flipkart, a leading Indian e-commerce company, has raised $160 million in private equity, adding to $200 million the company had already raised recently in efforts to expand its supply chain and online operations.
'The rumors were true. We raised $360m. Cheers to everyone at Flipkart,' read the tweet from CEO Sachin Bansal.

Flipkart, one of India's leading e-commerce companies, has raised $160 million to add to $200 million already raised in a recent funding round that commenced in July 2013 -- making a $360 million total the company claims is the largest single amount to ever be raised by any Indian Internet business.

Flipkart, founded in 2007, began as a book-selling site, much like Amazon.com, but now sells movies, music, games, and a host of other consumer goods -- much like Amazon.com.
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