(Reuters) - Flipkart, one of India's largest e-commerce companies, has raised $160 million from private equity investors, taking the total to $360 million in its recent fund raising drive to build and strengthen technology and bolster its supply chain.
The Bangalore-based company had raised $200 million in July from existing investors including South Africa's media and e-commerce company Naspers Ltd. and private equity funds Tiger Global and Accel Partners.
In the latest round of funding, investors include Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina, Vulcan Capital and Tiger Global, the company said in a statement.
Six-year-old Flipkart offers products across 17 categories and has more than 1 million unique visitors every day, according to the company statement.
(Reporting By Harichandan Arakali; Editing by Sunil Nair)
Concealed Carrier Shoots Armed Robber In Detroit... Again. Still. - Bearing Arms - Detroit, Guns Saving Lives, Michigan
The Koran’s Contents—Not Carbon Dating—Cast More Doubt on Islam’s Origins | Human Events
An Unserious Candidate for an Unserious Country | RedState
Hugh Hewitt on Trump: I don’t think it’s a gotcha question to ask about the forces surrounding Israel
'Gut wrenching': Deputy Goforth's son wears superhero shirt to funeral he planned to wear with his dad
Daniel J. Mitchell - Redistribution Is Morally Dubious, Economically Harmful, and It Doesn’t Work
Guy Benson - Top Senate Foreign Relations Committee Democrat Opposes Obama's Iran Deal