International Edition

Saturday

December, 3, 2016

Breaking News, World News and Taiwan News.
About Us
Subscribe
Advertise
Contact Us

Indian online retailer Flipkart raises US$1 bil. as Amazon entrance looms

MUMBAI, India--India's largest online e-commerce company, Flipkart, raised US$1 billion in new capital this week as the company gears up for competition with Amazon's push into the Indian market.

The company said the funds will be used to invest in expansion, especially in mobile technology.

Among the investors in the recent fundraising round are Singapore's sovereign wealth fund, GIC, along with existing investors Accel Partners, DST Blobal and Morgan Stanley Investment Management, the company said.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
MOST POPULAR
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search