Flipkart, a Bangalore-based ecommerce company, raised $200m in private equity.
Backers include Naspers, private equity firms Accel Partners and Tiger Global, and San Francisco-based family office Iconiq Capital.
The company intends to use the capital to build and strengthen its technology capabilities and improve its supply chain.
Founded six years ago by SachinBansal, CEO, Flipkart offers products across various categories including movies, music, games, mobiles, cameras, computers, healthcare and personal products, home appliances and electronics, stationery, perfumes, toys, apparels, shoes.
It says the site has more than 1 million unique visitors every day.
FinSMEs
11/07/2013