After Acquiring Myntra, Flipkart Raises $210 Million Funding Round Led by DST Global
After acquiring Myntra, Flipkart has raised $210 million investment led by DST Global (Yuri Milner’s fund). Existing investors Tiger Global, Naspers, and Iconiq Capital also participated in the financing round.
Flipkart’s other investors include Accel Partners, Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina and Vulcan Capital.
This round takes the entire funding in Flipkart to $750mn, highest ever for any Indian startup.
Flipkart: Key Stats
- Achieved $1Bn GMV.
- Registered users – 18 million
- Daily visits – 3.5 million
- Technology has enabled 5 million shipments per month
- Sellers on platform – 3000
At NextBigWhat’s flagship conference UnPluggd, the founders of two companies Flipkart and Myntra discussed the ease of raising funding after merging the two businesses (video will be published this week).
** More details will be added soon.