And Finally, Flipkart Announces Its Billion Dollar Funding.

Flipkart has finally announced the much discussed $1Bn round of funding.

has finally announced the much discussed $1Bn round of funding.

Co-led by existing investors Tiger Global Management and Naspers, the funds will be used to make long-term strategic investments in India, especially in mobile technology.

Singapore’s sovereign wealth fund, GIC, along with existing investors Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management and Sofina, also participated in this latest financing round.

We handle 5 million shipments a month. These numbers were unheard of a few years back and we are excited about the scale we have managed to achieve. But what is even more exciting is the huge opportunity that we still see before us.”

This new milestone comes within months of Flipkart becoming the first e-commerce company out of India to hit US $1 billion in GMV.


Flipkart which acquired Myntra raised $210mn funding led by DST Global in the month of May (2014).

Flipkart has 22mn registered users & mobile drives 50% of the business.

The company has been focusing on exclusives (be it Moto devices or Xiaomi) apart from fashion category to drive margins and recently announced education content as well as sexual wellness category.

Where do we go now?

The next big round of funding? Well, Flipkart needs to go public and from what we know, the paper work has already started for Nasdaq IPO (read : Sachin Bansal, UnPluggd on Flipkart IPO, Amazon, Flyte & More). The company however mentions that they aren’t looking for IPO soon (maybe they decided against it and instead decided to raise the billion dollar round).

The big deal for Flipkart is not just about conquering the Indian market, but keeping the big daddy, i.e. Amazon at bay. Amazon has been building its capabilities in the country (recently opened 5 new fulfillment centers) and they are beating Flipkart in categories like cameras and tablets (recently launched fashion).

Key Acquisitions by Flipkart So Far

– 2010: WeRead, a book discovery tool (acquahire)
– 2011: Mime360, digital content platform company (acquahire). Flyte was born out of this, but was shelved off later.
– 2011:‘s bollywood content (content acquisition/more driven by investors).
– 2012: (probably driven by investors).
– 2014: estimated to be INR 2,000 crore deal (read what the founders have to say about the deal).

What’s NextBigWhat For Flipkart?

Watch this video wherein Sachin Bansal talked at length about the upcoming business categories:

* This piece will be updated with more details.

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