Flipkart Raises a Massive $1 Billion, Amazon to Invest $2B

Flipkart has confirmed that it has raised a fresh $1 Billion in a round led by existing investors Tiger Global and Naspers along with GIC, Accel, and DST Global, at a $7 billion valuation. This is the largest investment raised by an Internet company in India and probably one of the largest globally as well. This takes the total Flipkart has raised so far to $1.75 billion. “This investment helps us think really long term and take big bets” – Sachin Bansal. Acquisitions are expected to continue. LINK 

Following this, Amazon has announced that it plans to invest $2B in India. Link

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