Flipkart Raises Another $160 Million: Targeting IPO In 2014 [REPORT]

Must Read

WhatsApp Might Lose 60 Million Indian Users Post Updated Policy Changes, New Survey Reveals!

The Facebook-owned instant messaging platform’s decision to update their privacy and terms of service brought about a...

Trump Administration Has Landed Its Final Blow On Chinese Companies: Xiaomi Blacklisted!

In its recent move to safeguard national security, the United States’ Trump Administration has decided to go...

Huawei Is Gunning For Acquiring A Fifth Of Android’s Userbase With Its Own HarmonyOS!

After Google’s ban on Huawei in 2019, the Chinese-origin tech company is all set to roll out...

India Ecommerce titan Flipkart has raised another $160 million in its 6th round of funding from Morgan Stanley Investment Management, Dragoneer Investment Group, Sofina and Vulcan Capital in collaboration with exiting investor Tiger global. Just a few months back the company raised $200 million in its fifth round of funding and after the latest round, company has crossed over half a billion dollar figure as total secured funding.

The new development, though, didn’t come as much of surprise as the market has been talking about ‘apparent move’ for last few weeks. However, raising $360 million from two rounds within short span of time attracts much of speculations about company’s future goals.

flipkart funding 2009 - 2013

Last week we saw this coming and debated on the topic “Is Flipkart bullish with a new round of funding?” In last five years, Flipkart has raised total $541 million in six rounds – once every year – but this is the first time when company has adopted aggressive approach to inject more funding.

Advertisements

Flipkart – A Road To IPO

The ecommerce industry in India is still at its nascent stage and there are few players, such as Jabong, Myntra and few more, who have scaled up to grab a sizable pie of the market. Flipkart, however, is the only Indian ecommerce major, which is sitting on mammoth pile of funded dollars.

Back in 2012, the company was valued worth $1.02 billion by Naspers at the time of fourth round of funding. Naspers, who has injected its funding dollars into other Indian Internet companies like ibibo and Redbus.in, had picked 10% of stake in Flipkart by investing $102.1 million in August 2012.

Though, the exact valuation of company has not been disclosed in recent funding rounds, after sixth round of funding Fipkart is estimated worth anything between $1.6 billion and $1.8 billion. The company claims to have more than 10 million registered users exploring 17 categories, available on the site.

The investment could definitely be a milestone for a Flipkart that may be eyeing for an IPO in 2014. However, considering the fact that company is yet to become ‘profitable’ possibilities of acquisition can’t be ruled out. No prize for guessing who could be the most eligible bidder!

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Advertisements

Latest News

Apple Foldable iPhone May Surprise You, But It Won’t Launch This Year!

Rumours of a foldable iPhone have long been circulating on the internet. However, until now there was...

Snapchat Spotlight: A New Way for Creators to Earn Money

Short-form video applications have increased overwhelmingly in popularity in recent times. The surge in this format of online content, according to most,...

COVID-19 Unemployment Leading To Ageing Indian Workforce, CMIE Reports

The latest data shared by the CMIE aka Centre for Monitoring Indian Economy has highlighted a huge red flag.

The Slip-Ups Keep On Coming: WhatsApp Web Users’ Mobile Data Leaked On Google

As the developments have unfolded over the past week, the clock for WhatsApp seems to be ticking with every passing minute and...

Trump Administration Has Landed Its Final Blow On Chinese Companies: Xiaomi Blacklisted!

In its recent move to safeguard national security, the United States’ Trump Administration has decided to go after China’s second-biggest smartphone marker...

Huawei Is Gunning For Acquiring A Fifth Of Android’s Userbase With Its Own HarmonyOS!

After Google’s ban on Huawei in 2019, the Chinese-origin tech company is all set to roll out HarmonyOS later in 2021 as...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This