December 24, 2024 08:26 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait

Online marketplace Flipkart raises $1.4 bn from Tencent, eBay, Microsoft

| | Apr 10, 2017, at 10:15 pm
# Flipkart #E-Bay #Microsoft
New Delhi,Apr 10 (IBNS): E-commence giant Flipkart on Monday said

Tencent, eBay and Microsoft have made investments aggregating to $1.4 billion in the Indian online marketplace.

The latest funding round from the three global technology giants, at a post-transaction valuation of $11.6 billion, adds to an existing group of marquee investors that include Tiger Global Management, Naspers Group, Accel Partners and DST Global, read the Flipkart website.

Exec Chairman, Flipkart, Sachin Bansal tweeted: "Fantastic fusion of synergies!Tencent @eBay @Microsoft & @Flipkart! Giant leap for Indian ecommerce http://ln.is/stories.flipkart.com/80ndF … #FlipkartBigWin."

Co-founder and CEO - Flipkart Group Binny Bansal said: "Welcome @ebayindia to the @Flipkart family! More power to e-comm in India! http://bit.ly/10Apr2017 @eBay #FlipkartBigWin

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am