MUMBAI: Flipkart, India's largest e-tailer, said on Tuesday it raised a fresh round of funding worth US$1bil (RM3.18bil) as it tries to aggressively scale up after Amazon.com Inc's rapid expansion in the country has heated up competition.
Flipkart, founded in 2007 by two former Amazon employees, has raised US$760mil (RM2.42bil) since its launch and the recent funding round is the largest for an Indian e-tailer.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!