Private equity firm Carlyle and General Atlantic are willing to invest around $ 150 million to $ 200 million in one of the India’s biggest online retailer, Flipkart, according to a report by Reuters.
Earlier this year, Flipkart had raised $31 million – funding from U.S. venture capital firms Tiger Global Management and Accel Partners.
In this year so far, Indian online business have witnessed overwhelming excitement and faith of investors as there has been a belief within investors and entrepreneurs that in coming time online retail would be a viable alternative to organized retail in India. On the condition of anonymity, some of the industry experts opined that the fourth round of funding would certainly help Flipkart to consolidate its position ahead of Amazon’s entry.
In the third round of funding Flipkart had raised $ 31 million at one Billion dollar valuation, at that time some of the investors have vividly vilified the patterns of valuation and questioned the parameters of the deal
If the possible deal would get through, Carlyle and General Atlantic will pick up a minority stake in Flipkart. However, the news has not been confirmed by either of the parties.
Iamwire tried to contact to Flipkart, however, they declined to comment anything related to funding and valuation.Category : Investments News