E-commerce marketplace Flipkart has raised $1 billion in fresh funding from China-based Internet firm Tencent with participation from Microsoft, according to this Business Standard report. The report quoted unnamed sources who told the publication that the new round of funding was based on a valuation of $11 billion, down significantly from the previous valuation of $15 billion. The company has not disclosed the investment publicly; In a statement to MediaNama's emailed queries, a spokesperson from Flipkart responded saying "as a company policy, we do not comment on market speculations." Apart from this, Flipkart is also in talks with e-commerce major eBay for a potential merger deal involving its India operations; the company is also looking to raise an additional $500 million investment from eBay, the report added. Note that Flipkart’s rival Snapdeal had earlier sold a minority stake to eBay for an…
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