Economic Times May 26, 2014
NEW DELHI: Days after closing the biggest acquisition deal in the Indian e-commerce space, online marketplace giant Flipkart today said it has raised $210 million in a fresh round of funding, bringing the private equity firm DST Global on board as an investor.
Technology-focused DST Global, founded by Russian Internet tycoon Yuri Milner and best known for $200 million investment in Facebook, will lead this round of funding besides existing investors, Tiger Global, Naspers and Iconiq Capital.
“DST is known for its investment in technology-focused firms and they have a great set of companies that they have invested in. This round of funding is more for the association than just raising funds,” Flipkart co-founder and CEO Sachin Bansal told reporters on a concall.
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