Sources: India’s Flipkart in talks to raise up to $1b, likely in a down round

Sources: India’s Flipkart in talks to raise up to $1b, likely in a down round

flipkart delivery After years of raising hundreds of millions of dollars to tap into the burgeoning e-commerce market in India, one of the country’s biggest tech companies is facing a markdown in its valuation as it aims to pick up yet more investment. TechCrunch has learned from sources that Flipkart is looking to raise up to $ 1 billion in funding to grow its business and shore up against competition… Read More
Fundings & Exits – TechCrunch

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