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Reuters/Abhishek N. Chinnappa
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From $1 million to $1.4 billion: A timeline of investments into Flipkart

By Madhura Karnik

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:

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

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