Flipkart, India’s largest online retailer has raised $210 million in a fresh round of funding from a group of four investors led by internet-focused investment group DST Global as declared in a statement released by the company.
According to media reports Flipkart has so far has raised $780 million in funding since it started operations in 2007. On May 26, The Economic Times reported that last year Flipkart had raised $360 million in two tranches at a valuation of $1.6 billion.
As a comparison, Flipkart’s closest rival, Snapdeal.com, raised $133.7 million led by existing investor eBay in February this year, and just last week they roped in fresh funding of $100 million from investors including Temasek, BlackRock, Myriad, Premji Invest and Tybourne.
Last week, Flipkart had acquired fashion portal Myntra for an undisclosed amount, the deal was estimated to be in the range of $300 million to $330 million.
