| Flipkart has raised $550 million from some of its existing investors, in a deal that now values the company at about $15 billion, The Wall Street Journal reported on Tuesday, citing an unnamed source.
In December, the online e-commerce player had got a cash infusion of $700 million, raising a total of nearly $2 billion in 2014. Morgan Stanley Investment Management, DST Global, run by Russian billionaire Yuri Milner, Singapore sovereign-wealth fund GIC, Scotland-based independent investment firm Baillie Gifford and Hong Kong’s Steadview Capital are among some of Flipkart’s existing investors...............................................Full Article: Source |