A Journey of Top E-Commerce Firm of India – ZMR Blog
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A Journey of Top E-Commerce Firm of India

A Journey of Top E-Commerce Firm of India

In 2007, from an early capital of Rs 4 Lakh, Flipkart has now developed to $4 Billion, after the e-commerce company lifted $2.5 Billion via secondary and primary capital. Here is a look at funding rounds of Flipkart, its assessment, as well as some of its chief markdowns.

2007: Flipkart established by former Amazon employees and IIT-Delhi engineers Binny Bansal and Sachin Bansal with $6,000 or Rs 4 Lakh initial capital.

2008: Received unnamed angel funding from founder of Junglee,Ashish Gupta, and Helion Venture Partners. Junglee was obtained by Amazon in 1998.

2009: Lifted first institutional round of $1 Million from Accel India, the venture capital firm. Valuation was then less than $5 Million. It also got $10 Million from VC Tiger Global Management, the New York-based. Valuation became less than $50 Million.

2010–2011: Lifted additional $20 Million from Tiger Global and commenced discussions with private equity funds, comprising General Atlantic, for a huge round with evaluation of $1 Billion.

2012 August: Declared round of $150 Million headed by Naspers, the South African Internet and media giant. Valuation crossed$1 Billion.

2013 October: After lifting $200 Million from current sponsors in July 2013, it lifted extra $160 Million from Vulcan Capital, Morgan Stanley, and Sofina & Dragoneer. Valuation elevatedto $1.6 billion.

E-commerce

2014 March: ObtainedMyntra, the fashion portal.

May: Lifteda fund of $210 Million from DST Global. Assessment reachedto $2.6 Billion

July: Declaredfunding round of $1 Billion from GIC Singapore and current supporters at that time including Naspers,Tiger Global, and DST Global. Valuation elevatedto $7 Billion.

December: Lifted a fund round of $700 Million from hedge funds such as Greenoaks, Steadview, sovereign wealth fund Qatar Investment Authority, and mutual fund T Rowe Price. Valuation increasedover $11 Billion.

2015 July: Lifted more $700 Million from current sponsors at that time, valuation crosseda record high of $15.2 Billion.

2016 February: Morgan Stanley MF marked down evaluation of shares of Flipkart to $11 Billion.

November: A mutual fund of Morgan Stanley made an additionalhuge cut to value of its shares in Flipkart, esteeming the firm at $5.6 Billion.

Flipkart obtainedPhonePe and Jabong in 2016.

2017 April: Lifted$1.4 Billion from Tencent,eBay, and Microsoft; also purchasedeBay.in in the procedure.

August: Lifted$2.5 Billion from SoftBank Vision Fund via secondary and primary capital. Tiger Global received biased exit. Bansals also trade part of their share.

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