Flipkart Raises $1.4 Billion From Three Investors In The Largest E-commerce Deal In India

Main Image
  • Like
  • Comment
  • Share

Indian E-commerce Flipkart manged to procure a $1.4 billion investment from three investors, thus inducing the biggest fund-raising deal in the Indian E-commerce industry yet.

The three investors are eBay (international E-commerce firm), Microsoft (renowned technology company) and Tencent (Chinese investment holding company).

Also Read: Reasons To Buy And To Not Buy The Moto G5 Plus

The trio constitutes the latest addition to the Indian company’s portfolio of investors, which includes the likes of Tiger Global Management, Naspers Group, Accel Partners and DST Global.

Flipkart-logo

While Tencent has jumped on the wagon as a strategic investor, eBay’s investment includes a strategic commercial agreement, wherein it will be handing over its Indian division to Flipkart (along with some investment in cash) in exchange for a stake in the equity.

Simply put, the Indian division of eBay would still continue to function as an independent entity, but as a part of Flipkart (from now on).

255027-flipkart

Though the deal is indeed one of landmark stature, it has not particularly rained money on Flipkart, instead, the Indian company had better funding according to the figures in its last funding round (2015).

Also Read: Samsung Galaxy C7 Pro First Impression – Cheapest Midrange Phone From Samsung

During that round, the company finished off with a value of $15.2 billion, while after this one, it stands valued at $11.6 billion.

It would be worthwhile to mention here that the company has lost about 23% in value after its last big funding round, where it managed to garner an astounding $700 million (July 2015).

“This is a landmark deal for Flipkart and for India as it endorses our tech prowess, our innovative mindset and the potential we have to disrupt traditional markets. It is a resounding acknowledgement that the homegrown tech ecosystem is indeed thriving and succeeding in solving genuine problems in people’s daily lives across all of India,”

– Sachin Bansal and Binny Bansal, Founders, Flipkart

Anurag SharmaAnurag Sharma
Passionate Storyteller, Occasional Writer. \m/ Journalism Undergrad. Trying to win at life one sentence at a time. Why so serious? Let's put a smile on that face. 8)

Related Articles

ImageOppo Reno 14 vs. vivo V50 vs. Galaxy A36: Which Mid-Range 5G Handset Is Right For You?

If you’re in the market for a mid-range handset that neither drills a hole in your wallet nor cuts corners on essential (and some good-to-have) features, we have three hot options for you: the newly launched Reno 14, the vivo V50, and the Galaxy A36. While all three phones offer 5G connectivity (that’s sort of …

ImageFlipkart to bring its new video streaming service soon

Online Streaming services have seen a major surge in India in the past few years owing to the inception of Reliance Jio. Apparently, India is one of the primary consumers of Online Video content in the world as of now and the average viewing time of online content by Indians has even surpassed their average …

ImageFlipkart Temporarily Suspends Services; Amazon, Snapdeal, Myntra and Others Join National Lockdown

Amid current COVID-19 pandemic, one of India’s largest e-commerce firm Walmart-owned Flipkart has temporarily closed down all its services in the interest of customers in accordance with the Government advisories. In order to convey the new development to its customers, Flipkart has put a banner on its homepage saying “Hello Fellow Indians, We are temporarily …

ImageHonor X9c 5G Will Launch In India On July 7: To Feature Snapdragon 6 Gen 1 & 6,600 mAh Battery

Honor India has announced the launch date for its upcoming smartphone. The Honor X9c 5G looks good on paper. It will break cover in a few days and be available to purchase via the e-commerce platform Amazon. Check out more details about the Honor X9c 5G below. Honor X9c 5G Release Timeline In a press …

ImageDeal Alert: Get Samsung Galaxy Watch 6 Classic for a Price of Under 13k

India is currently in the midst of a sale season, with major e-commerce platforms such as Flipkart, Amazon, Myntra, and Croma offering their Republic Day sales for 2025. Shoppers can take advantage of attractive deals and discounts on a variety of products, including home appliances, smartphones, and apparel. One particularly noteworthy offer is the Samsung …

Discuss

Be the first to leave a comment.