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Tag Archives: Flipkart

Flipkart raises $71 million to tackle India’s massive e-commerce market

Flipkart, India’s biggest e-commerce site, has raised $71 million in equity funding. The company has raised over $3.9 billion to date. The investment came from the company’s existing investor Naspers, a South Africa-based media group an investment firm that will take a 16.5 percent stake of Flipkart, IndiaWeb2 reports. In April the company raised $1.4 billion from Naspers, Tencent, eBay, …

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ViSenze and Flipkart team up to create image search app

Now, shoppers in India will be privy to the latest technology created by ViSenze and Flipkart, which will allow for image search capabilities on their mobile devices. Visual web company ViSenze and Indian online marketplace Flipkart have collaboratively created an image search capability that will be featured on Flipkart’s mobile app. The feature, created by ViSenze, allows users to upload …

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Flipkart Acquires Mytrna, Deepening its Fooprint on India’s Bilion Dollar E-commerce Market

Flipkart, India’s largest online retailer, has just announced it has acquired fashion shopping site,  Myntra on has agreed to invest $100 million along with the acquisition, according to NDTV Profit. Financial details of the deal were not disclosed, but Reuters citing a source familiar with the acquisition, said the transaction was valued at close to $300 million. “It’s a 100 …

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International News: Indian E-Tailer, Myntra, Said to Secure $25M from American Investors

  Rumors Are Swirling About This Popular Lifestyle Outlet As e-Commerce gains traction in India, a few frontrunners are assuming their positions at the top of shoppers’ minds. One of which, Myntra, has been in the news recently as having possibly secured another round of funding to equal $25 million with backing from American investors, Accel Partners and Tiger Global …

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