wordpress blog stats
Connect with us

Hi, what are you looking for?

Flipkart Raises $8-10M In Funding From Tiger Global: Report

Flipkart, the online retail co which recently expanded its portfolio of products beyond books to include movies, music and games, had raised “up to $10 million” in funding from Tiger Global Managment a few months ago, reports VCCircle, quoting unnamed sources. MediaNama is yet to receive a response from Flipkart – apparently founders Sachin and Binny Bansal are currently in China; we’re also avaiting a response from Flipkart investors Accel Partners. Rediff had reported a few months ago that Tiger Global Management had shut its India operations. It has investments in Just Dial, the National Stock Exchange, Educomp, Future Group and T.I.M.E (coaching classes).

Flipkart has been on a hiring spree of late, and has expanded to around 200 employees; from their blog, posted May end:

In the old days, if a stranger walked into the office we’d assume he/she was a customer. If a stranger walks in today, we assume first that it’s an employee. Loads of hiring on and off campuses these past few months … welcome aboard, lads!

More on Flipkart in our story yesterday: Flipkart Expands Offerings To Include Music, Movies & Games

We’ll update once we hear from either Flipkart or Accel Partners.

Online Books Retailer A1Books Faces Liquidation Challenge In The US
A1Books Converts Chapter 7 To Chapter 11; Restructuring

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...


Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...


Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...


Minister of Road Transport and Highways Nitin Gadkari said on December 17 that GPS-based tolling will replace toll plazas in two years, The Hindu...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ