Flipkart raises $1.4 bn from eBay, Microsoft &Tencent

Flipkart raises $1.4 bn from eBay, Microsoft &Tencent

In a biggest round of funding by an Indian Internet company till date, Flipkart on Monday raised $1.4 billion from blue chip companies Microsoft, eBay and Tencent.

With this round of funding, the Flipkart valuation has reached $11.6 billion and IT major Microsoft joins Flipkart as a strategic investor.

Flipkart's existing investors include Tiger Global Management, Naspers Group, Accel Partners and DST Global.

"Flipkart Group has raised a total of $1.4 billion from Tencent, eBay and Microsoft  three of the world's premier technology companies," Flipkart said in a statement.