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Flipkart Raises Huge 5th Round Funding of USD 200 Mln

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Flipkart has raised another huge round of funding from their existing investors. USD 200 Million (About 1200 crore) is the fifth round of funding for India’s largest e-commerce player who are nearing 10 million registered user mark.

This is also the single-largest round of funding for an Indian Internet company till date, according to ET report. With this round, Flipkart has now raised a total of USD 381 million or roughly about Rs. 2280 crore (at current Rupee pricing).

Flipkart was started in 2007, Sachin Bansal and Binny Bansal with a paltry amount of Rs. 400,000 (put in by self).

Flipkart Funding-002

Flipkart’s previous Funding details:

Round Who Funded Date Amount
First Round Accel India 2009 USD 1 Million
Second Round Tiger Global 2010 USD 10 Million
Third Round Tiger Global June 2011 USD 20 Million
Fourth Round Naspers / ICONIQ Capital August 2012 USD 150 Million
Fifth Round Naspers, Accel Partners, Tiger Global, and ICONIQ Capital July 2013 USD 200 Million
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In recent times, many experts have conveyed their doubts in regards to Flipkart’s growth and future roadmap, however, Flipkart now seems to have silenced them with the USD 200 million dollar funding. The quantum of money raised also shows that all their existing investors have full faith in Flipkart’s future.

Recently, Flipkart has seen quite a bit of action, including launch of their payment gateway services called PayZippy. They also closed down their digital music library, Flyte in less than a year from launch. They also opened up Flipkart platform to third party sellers earlier in April this year to make it marketplace for sellers.

In view of Amazon launching their marketplace, they also increased their Affiliate fee substantially to increase their sales from affiliate channel.

Flipkart’s funding is a great shot in the arm for Indian e-commerce Industry – It just attests the fact that this vertical still has lot of growth left, and VCs are ready to bet big!

Would love to hear your thoughts!

  1. Raboken says

    Rs. 2280 crore is huge money but at the same time I think Flipcart deserves these funding. It shows us the way of online shopping in India and today it is one of the best and most popular eCommerce in India.
    Best of luck to Flipcart and Mr. sachin bansal.
    And you Arun, indeed this is a good story and will be watching your blog for the next outcome. Thanks for sharing.

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