India E-Commerce Giant Flipkart Raises Another $200M From Existing Investors

Homegrown Indian e-commerce site Flipkart has raised another $200 million from existing investors, according to reports in Indian media.

The Economic Times says the deal is Flipkart’s largest to date.

Flipkart, which sells a range of good including books, clothes, music & movies and consumer electronics items, raised $20 million from Tiger Global, back in 2011.

According to CrunchBase it also raised a $150 million round last August, again from the same investors.

Flipkart competes with various other local e-commerce players including Snapdeal and Myntra. Amazon has also recently entered the Indian market.

Read more... Existing investors in Flipkart include Tiger Global Management, Naspers, Accel Partners and Iconiq Capital.