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Flipkart Funding History Overview

Flipkart initially spent $5,900 to set up its website and business. It later raised $1 million in 2009, $10 million in 2010, and $20 million in 2011 from venture capital funds Accel India and Tiger Global. In 2012, Flipkart announced $150 million in funding from MIH and ICONIQ Capital. In 2013, Flipkart raised an additional $200 million from existing investors Tiger Global, Naspers, Accel Partners, and Iconiq Capital.

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138 views1 page

Flipkart Funding History Overview

Flipkart initially spent $5,900 to set up its website and business. It later raised $1 million in 2009, $10 million in 2010, and $20 million in 2011 from venture capital funds Accel India and Tiger Global. In 2012, Flipkart announced $150 million in funding from MIH and ICONIQ Capital. In 2013, Flipkart raised an additional $200 million from existing investors Tiger Global, Naspers, Accel Partners, and Iconiq Capital.

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ushadgs
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Finance

Initially, they had spent 400,000 (US$5,900) only for making the website to set up
the business. Flipkart has later raised funding from venture capital funds Accel
India ($1 million in 2009) and Tiger Global ($10 million in 2010 and $20 million
in June 2011). On 24 August 2012, Flipkart announced the completion of its 4th
round of $150 million funding from MIH (part of Naspers Group) and ICONIQ
Capital. The company announced, on 10 July 2013, that it has raised an additional
$200 million from existing investors including Tiger Global, Naspers, Accel
Partners and Iconiq Capital.

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