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Flipkart Raises $160M From Dragoneer Investment, Morgan Stanley Investment & Others

After raising a massive $200 million investment few months back, E-commerce major Flipkart has now raised an additional $160 million from new investors Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina and Vulcan Capital with participation from existing investor Tiger Global. With this, the company has raised a total $360 million in its fifth round of funding, the largest investment raised by an Internet company in India, emulating InMobi's $200 million investment from Softbank in September 2011. The company plans to use the capital raised to improve its technology and supply chain capabilities, enhance its end user experience and for hiring. This investment follows a Livemint report from last week, which had suggested that Flipkart was in talks to raise $125 million from existing investors and two other US-based investors, citing two people close to the development. A unnnamed source had told the publication that the last fund raise had…

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