India: Flipkart in talks with Tencent,Microsoft, others for up to $1.5b fundraising

Visual from the Flipkart website, September 2015

India’s largest online retailer Flipkart is in talks to raise a mammoth funding round of up to $1.5 billion from investors including Microsoft Corp., eBay Inc., PayPal Holdings Inc. and Tencent Holdings Ltd at a valuation of $10-12 billion, said three people familiar with the matter.

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