Indian E-Commerce Giant Flipkart Raises Massive $1B Round — techcrunch.com

Flipkart, the largest e-commerce company in India, announced on Twitter that it has raised a massive $1 billion round. The round was led by Tiger Global Management and Naspers, with participation by GIC and existing investors Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management, and Sofina. The tweet confirms reports several days earlier in the Economic Times that company had secured that amount in funding at a reported $7 billion valuation.

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