Flipkart raises $1.4B from Tencent, eBay and Microsoft at $11.6B valuation, acquires eBay India (The Economic Times)


The Economic Times:

Flipkart raises $1.4B from Tencent, eBay and Microsoft at $11.6B valuation, acquires eBay India  —  India’s largest e-commerce marketplace Flipkart has announced a $1.4 billion fundraise from new investors Tencent, eBay and Microsoft along with existing investors like Tiger Global, Naspers Group, Accel Partners and DST Global.

Source: http://www.techmeme.com

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