Naspers puts $71 mn in Flipkart to increase stake to 16.5%
South African internet and media conglomerate Naspers invested $71 million in Flipkart in April 2017, taking its holdings in the e-commerce startup to 16.5%, Naspers' annual filing has revealed. Naspers first invested in Flipkart in 2012 during its Series D round and then $1 billion Series G round in 2014. Earlier this year, Flipkart raised $1.4 billion led by Tencent.