This is the e-commerce giant’s third fund rasing in 2014. In May, Flipkart had raised $ 210 million (Rs 1,200 crore), while it raised $ 1 billion (Rs 6,000) in July 2014.
According to various reports, the latest fund raising has increased Flipkart’s valuation to $ 11 billion.
The new investors include Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates and Qatar Investment Authority.
The latest fund raising also saw existing stakeholders – DST Global, GIC, ICONIQ Capital and Tiger Global – raising their exposure to the company.
According to the statement, Flipkart Limited (incorporated at Singapore) has filed with ACRA Singapore for conversion to a public company, which is a mandatory procedure for all companies where the number of shareholders exceeds 50.
Launched in October 2007, Flipkart claims to have 26 million registered users clocking over 8 million daily visits.