India’s largest e-commerce firm Flipkart is in advanced talks to raise between $700 million and $1 billion in fresh funds, barely four months after the company received a record $1 billion, according to three people familiar with the matter.
Qatar Investment Authority, the sovereign wealth fund of Qatar, is one of the new investors Flipkart is in discussions with, the two people said. Flipkart declined to comment. The Qatar Investment Authority, which has also invested in the US-based cab booking service Uber, didn’t respond to an email seeking comment...............................................Full Article: Source
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