With 100 million new internet users every year, Amazon is betting big on India, but a major new investment in homegrown rival Flipkart means the battle to dominate the fast-growing e-commerce market is set to heat up. Flipkart announced this week that top international companies including Microsoft, eBay and China’s Tencent had pledged investments totalling … Read more
With 100 million new internet users every year, Amazon is betting big on India, but a major new investment in homegrown rival Flipkart means the battle to dominate the fast-growing e-commerce market is set to heat up. Flipkart announced this week that top international companies including Microsoft, eBay and China’s Tencent had pledged investments totalling … Read more
A record funding round worth $1.4 billion has shored up India’s top e-commerce company Flipkart in its fight against online retail giant Amazon. Chinese social media and entertainment firm Tencent Holdings Ltd, the world’s biggest software company Microsoft Corp and online marketplace eBay Inc participated in the funding round, Flipkart said in a statement on … Read more
India’s top e-commerce company Flipkart announced Monday it had raised $1.4 billion in a record funding round that shores up the online retail giant in its fight against Amazon. Flipkart said it was now valued at $11.6 billion after raising funds from US tech behemoths Microsoft and eBay and China’s Tencent, an investment described as … Read more