MUMBAI (Reuters) – Flipkart, India’s largest e-tailer, raised $210 million in a fresh round of funding from a group of four investors led by internet-focused investment group DST Global, it said in a statement on Monday. Last week, Flipkart, which is popular for selling books and electronics online, acquired the country’s biggest fashion portal Myntra for around $300 million. Indian e-commerce companies are expanding and raising capital after Amazon, which entered India last June, has drawn up the battle lines by slashing prices and launching next-day delivery. …
Comments are closed.
