TechCrunch |
Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation
TechCrunch Following months of rumors, Indian e-commerce giant Flipkart has confirmed that it has raised $1.4 billion in new funding at a post-money valuation of $11.6 billion to battle Amazon and Alibaba. The deal includes some big name strategic investors … Microsoft, eBay and Tencent invest $1.4 billion in India's e-commerce giant Flipkart Microsoft, eBay, Tencent Invest $1.4 Billion in Amazon's India Rival eBay, Microsoft, and Tencent Back India's Biggest E-Commerce Player |
More: continued here
