Flipkart Gets Record Funding: A Look at Other Milestones
Flipkart has raised $1 billion (Rs. 6,000 crore at 1 dollar = 60 rupees) worth of funds - the biggest ever by an Indian internet company in a single round. Here's a look at some of the other milestones achieved by the e-tailer.
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Before May, Flipkart had raised between $540 million and $560 million, according to industry estimates, which valued the company at about $1.6 billion at the end of 2013.
In October 2013, the website announced the closure of a round of funding commenced in July 2013. The total funds raised in this round stood at $360 million. -
In February, Flipkart and Motorola Mobility in an exclusive partnership announced the launch of smartphone Moto G in India. There was tremendous response from online shoppers to the launch with the 16GB version being sold out in first 15 minutes. (Photo: Posted on Facebook by Flipkart on February 6, 2014)
