>>
Home / Knowledge / News / Apparel/Garments / Flipkart bags $1bn funding at lower valuation
Flipkart bags $1bn funding at lower valuation
27
Mar '17
Courtesy: Flipkart
Courtesy: Flipkart
In a new round of funding, Flipkart, one of India's biggest ecommerce marketplace has received $1 billion at a lower valuation of $11 billion, which has come from Chinese internet giant Tencent and Microsoft. The new funding round is expected to provide ammunition to Flipkart to compete with Amazon India, which is growing at a fast pace in India.

According to media reports, in the previous round of funding, Flipkart had been valued at $15 billion and this new funding comes close on the heels of former Tiger Global executive Kalyan Krishnamurthy taking over as CEO of the company. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jan 2022

New US legislation to fix import loophole, boost oversight unveiled

Earl Blumenauer, chairman of the US House of Representatives ways and ...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

China’s garment industry earned $209 bn in revenue in Jan-Nov 2021

About 12,659 garment companies of China earned a combined operating...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

AmCham says RCEP aligns with economic reforms in Philippines

AmCham Philippines has joined the call for the immediate concurrence...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Dr. Ajay Sahai,

Dr. Ajay Sahai

Set up in 1965 by Ministry of Commerce, Government of India to focus the...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Sujata & Taniya Biswas, Suta

Sujata & Taniya Biswas
Suta

Founded by <b>Sujata and Taniya Biswas</b>, Suta is a humble brand which...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Tory Burch Hong Kong Ltd
Benetton Group
Lenzing Aktiengesellschaft
Bluestem Global Sourcing Limited
IDH – The Sustainable Trade Initiative
Arvind Limited
John Varvatos
C;&A Sourcing International Ltd
Babyshop
International Textile Manufacturers Federation
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
J ;& P Coats
Gap International Sourcing Limited
Brandix Lanka Limited
Tchibo GmbH
Helly Hansen Far East Ltd
Groz-Beckert East Asia LLP
Asos
Hela Clothing Pvt Ltd
Rosset ;& Cia Limited
Green Fibre
Calvin Klein
Desigual - ABASIC, S.A.
Walmart
Rayonese Textile Inc., Division de Culp Inc.
Sateri (Jiujiang) Fiber Co.,Ltd
SHAHI Exports Pvt Ltd
Guess Europe Sagl,
Alix Partners
Recron Polyester from Reliance Industries Limited
Gloria Jeans
Restoque S.A.
Splash
Esprit Europe Services GmbH
Sainsbury's Argos Asia Limited
BIMBA ;& LOLA SL
Seasalt Limited
Page Industries Limited (Bangalore)
Boardriders Asia Sourcing Limited
The Top Form Brassiere Manufacturing Company Limited
Tommy Hilfiger
LC Waikiki
Huntsman (Singapore) Pte Ltd
IKEA of Sweden AB
Hirdaramani International Export Private Limited
Eastman Chemical Company
Permoda(Koaj/Armi/Pronto/Bkul)
Under Armour Global Sourcing Ltd
Lacoste (Wanchai)
Landmark Group
Lisa S.P.A.
T.T. Limited
Target Corporation (MN)
Amazon China
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Decathlon
Vianney Textil Hogar S.A. De C.V.
Etam Group Strategy Hong Kong Limited
G-Star Raw C.V.
Truetzschler India Private Limited
Maceton Limited
KIABI
OVS Hong Kong Sourcing Ltd.
THE BOMBAY DYEING ;& MFG.CO. LTD
Chico’ FAS
Phong Phu international JSC (PPJ)
Sportswear Company Spa
H;&M Hennes ;& Mauritz (Far East) Ltd
Cat Tuong Real Estate Group Joint Stock Company
Midas Clothing Limited
Alison Hayes Romania
SYNERGIES HONG KONG LIMITED
Puma
Gatsby Africa
Aramark Uniform ;& Career Apparel, LLC
Grasim Industries Limited
Lifestyle
KAS Direct Sourcing
Lululemon Athletica Inc
Reiter India Private Limited
Chori Company Limited
TESCO INTERNATIONAL SOURCING LIMITED
Abit
The LYCRA Company Singapore  Pte. Ltd
Vardhman Textile Ltd
PVH Corporation
BIANCA
Sportmaster Ltd.
Varner AS Retail
MAS Active / MAS Kreeda / MAS Bodyline

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search