13 August 2017

Flipkart World’s 3rd Most Funded Pvt Company

Flipkart World’s 3rd Most Funded Pvt Company

With the $2.4 billion it just received from Japanese technology and telecom giant SoftBank, Flipkart has become the third most funded private company globally. 

The homegrown e-commerce company has to date raised almost $7 billion in the capital, higher than that raised by global behemoths like online house rental aggregator Airbnb ($3.3 billion) and mobile phone maker Xiaomi ($1.4 billion). The top two are both ride hailing platforms— China based Didi Chuxing and the US based Uber.

Source- The Times of India

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