Just one week after acquiring India’s biggest fashion and apparel estore Myntra, the country’s biggest online marketplace Flipkart has raised US$210 million in funding. The investment is led by Russia’s DST Global, followed by existing investors Tiger Global, Naspers, and Iconiq Capital, according toNextBigWhat. This bring’s Flipkart’s total funding to date to US$750 million, the highest of any Indian startup. It’s previous round closed out at US$360 million in October. Flipkart last week confirmed an estimated US$341 million deal to acquire Myntra, which will continue to operate as a separate entity. Shortly thereafter, Flipkart’s biggest competitor, eBay-backed Snapedeal, secured a US$100 million investment. Flipkart has sold over US$1 billion worth of goods since it launched in 2007. It has 18 million registered users, 3,000 vendors, and receives 3.5 million daily visits.
Source: TECHINASIA
