Indian ecommerce giant Flipkart just raised a staggering $1.4 billion from top investors, including Microsoft, eBay, and Tencent. “This is the largest fundraising round for Flipkart that has
raised around $4.6 billion,”
The Economic Times reports. Yet, “The e-tailer said this capital was raised at a post-transaction valuation of $11.6 billion, a notable drop from
$15.2 billion valuation in May 2015.”
Read the whole story at Economic Times »
