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From $1 million to $1.4 billion: A timeline of investments into Flipkart

Reuters/Abhishek N. Chinnappa
New relations.
By Madhura Karnik
Published Last updated This article is more than 2 years old.

India’s largest online seller, Flipkart, has broken its own record by raising $1.4 billion in its latest round of funding. In 2014, the e-commerce company had raised $1 billion in a single funding round, which was till now the highest investment into an online startup in the country.

This time, Flipkart’s investors were all first-timers: American software giant Microsoft, Chinese internet firm Tencent, and online retailer eBay. Since 2009, Flipkart—now valued at $11.6 billion—has raised over $4.4 billion in 11 funding rounds. American investment firm Tiger Global participated in nine of them. Along with Palo Alto-based Accel Partners, Tiger Global was an early investor in Flipkart, founded by Sachin Bansal and Binny Bansal in 2007.

With the latest round of funding, Flipkart is ready to take on its top competitor Amazon, which has already poured billions of dollars into the country. Here’s Flipkart’s fundraising history:

October 2009
$1 million
Accel Partners
January 2010
$10 million
Tiger Global
March 2011
$20 million
Tiger Global
August 2012
$255 million
Iconiq, Accel Partners, Tiger Global, Naspers
July 2013
$200 million
Iconiq, Accel Partners, Tiger Global, Naspers
October 2013
$160 million
Tiger Global, Dragoneer, Vulcan Capital, Morgan Stanley, Sofina
May 2014
$210 million
Iconiq, Naspers, Tiger Global, DST
July 2014
$1 billion
Tiger Global, Naspers, Accel Partners, Morgan Stanley, DST, Sofina, Iconiq, GIC
December 2014
$700 million
DST, Greenoaks, GIC, Baillie Gifford, Tiger Global, T. Rowe Price, Steadview Capital Management, Qatar Investment Authority, Iconiq
July 2015
$700 million
Tiger Global, Qatar Investment Authority
April 2017
$1.4 billion
Tencent, Microsoft, eBay

Also read: Flipkart raises a record $1.4 billion to take on Amazon in India

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