Ecommerce, Investments

Flipkart Closes USD 150M in Funding from Qatar Investment Authority


After securing a commitment of USD 180 million by Hong Kong-based investment firm Steadview Capital on Tuesday, Indian e-commerce website Flipkart has closed USD 150 million from Qatar Investment Authority (QIA). According to the sources familiar with the deal, this investment is also a part of the third round of fund-raising done in November 2014.

QIA is a new investor in Flipkart, which valued the company at around USD 11 billion. It has also made investments in companies like Tiffany, Barclays, Credit Suisse and holds a USD 1.2 billion stake in Indian mobile phone carrier Bharti Airtel.

As per a TOI report, QIA joins GIC of Singapore as another investor in the online retailer. The company had received USD 210 million in Series F round in May this year. In July, the company had also raised USD 1 billion in a fresh round at a valuation of over USD 5 billion by the existing investors Tiger Global, DST and Accel Partners and from several new investors.

The other e-commerce marketplaces in the game of valuations, include Amazon which recently invested USD 2 billion to fuel its Indian growth and Snapdeal raised USD 627 million from Softbank. These three companies are receiving significant funding to be at par in the race.

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One comment

  1. 1

    BSE ,NSE listed Intrasoft technologies is another e-commerce company with low base and unknown look interesting but making some losses like flipkart and snapdeal in online shopping division. It is good only for long term and patience investor.Venture Capitalist Intel Capital is investor of Snapdeal . They have also invested (around 12% holding) in Intrasoft technologies and sees good future of their fast growing online retail shopping 123stores dot com in USA and likely to launch in Canada first then in India. Very soon like Intel some of the other Venture Capitalist investor of FlipKart and Snapdeal like Yuri Milner’s DST Global , Tiger Global, Naspers , Iconiq Capital , Accel Partners, Morgan Stanley Investment Management ,Singapore sovereign-wealth , Nexus Venture Partners , Indo-US Venture Partners ,Bessemer Venture Partners , Kalaari Capita and Qatar Investment Authority will have eye on Intrasoft technologies

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