Flipkart in talks to raise $1.5 bn in new funding round

By

Maverick Martins

Published
Feb 22, 2017

India's largest e-commerce retailer, Flipkart is in talks to raise up to $1.5 billion from investors including Microsoft Corp, eBay Inc, PayPal Holdings Inc and Tencent Holdings Ltd at a valuation of $10-12 billion, business daily Livemint reported.

Flipkart, which also owns the fashion retailers Myntra and Jabong as well as payments app PhonePe, initially wanted to raise anywhere between $500 million and $1 billion but is now seeking up to $1.5 billion, three people familiar to the development told the newspaper.
 
According to the report in Livemint, apart from online marketplace eBay, payments firm Paypal, Chinese gaming and messaging giant Tencent, and Microsoft, Flipkart is also in talks with Google Capital for the ongoing round.

Two financial investors or funds have also expressed interest in investing in Flipkart, the daily reported.