Flipkart raises $1.4 bn in India's largest funding round
In India's biggest funding round to date, Flipkart on Monday announced raising $1.4 billion from new investors Tencent, eBay and Microsoft along with existing investors Tiger Global and Accel Partners. This brings the total funding raised by Flipkart to $4.5 billion, at a post-transaction valuation of $11.6 billion. Flipkart also announced the acquisition of eBay's India operations.