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Flipkart becomes third most funded private company post securing Softbank's USD 2.4 billion financing

E commerce giant Flipkart has become the third most funded private company in the world post receiving a whopping USD 2.4 billion from Japanese technology and telecom giant SoftBank. ....

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Flipkart can now up the ante in high-stakes battle against Amazon India

People familiar with the deal said the investment is worth USD 2.5 billion, with about USD 1.5 billion being directly funnelled into Flipkart and USD 1 billion for part of Tiger Global Management s stake. The SoftBank Vision Fund, the world s largest technology-focused fund, will get about 20 per cent stake inFlipkart, they said. ....

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