IDG recently closed its third India fund at $200 million.
This is 5th consecutive quarter of marking down the value of Flipkart’s shares
Flipkart is also in talks with eBay, PayPal and Google Capital
Flipkart pulled in gross sales of more than Rs 2,600 crore in both months.
Axilor was launched by IT veterans led by Infosys co-founders Kris Gopalakrishnan and SD Shibulal.
This is part of its first close for its new $100 million fund.
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