Flipkart raises $1.4b from Tencent, eBay, Microsoft; acquires eBay India operations

Flipkart raises $1.4b from Tencent, eBay, Microsoft; acquires eBay India operations

Photo: REUTERS/Abhishek N. Chinnappa

After much speculation, India’s leading e-commerce firm Flipkart today announced that it has raised $1.4 billion in a funding round from Tencent, eBay and Microsoft. This marks the largest funding by an Indian startup.

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