Monday, April 10, 2017
In a landmark win for e-commerce in India, three global tech giants have made the largest investment in Flipkart’s 10-year history as well as in India’s internet sector
eBay India becomes part of the Flipkart Group, spelling benefits galore for customers and sellers on both Flipkart and eBay
The biggest investment in Flipkart’s 10-year history comes at an opportune moment for e-commerce in India. Tencent, eBay and Microsoft have made investments aggregating to $1.4 billion in Flipkart, India’s leading online marketplace. The latest funding round from the three global technology giants, at a post-transaction valuation of $11.6 billion, adds to an existing group of marquee investors that include Tiger Global Management, Naspers Group, Accel Partners and DST Global.