Flipkart raises $160 million in latest funding drive

(Reuters) - Flipkart, one of India's largest e-commerce companies, has raised $160 million from private equity investors, taking the total to $360 million in its recent fund raising drive to build and strengthen technology and bolster its supply chain. The Bangalore-based company had raised $200 million in July from existing investors including South Africa's media and e-commerce company Naspers Ltd. and private equity funds Tiger Global and Accel Partners. ...



via Tech News Headlines - Yahoo! News http://news.yahoo.com/flipkart-raises-160-million-latest-funding-drive-072426098--sector.html