Indian e-commerce giant Flipkart raises $210 million, following its acquisition of rival Myntra
May26
India e-commerce giant Flipkart last week bought up smaller, fashion-focused rival Myntra, and today it has more news after announcing a new $210 million round of funding. The round was led by DST Global, and included participation from existing investors Tiger Global, Naspers, and Iconiq Capital. There had been speculation that Flipkart would raise more capital at the same time that as last week’s Myntra deal — which is being pegged at $300 million — and that’s been proven correct. Flipkart isn’t saying how it will spend the new influx of cash, other than that it will “strengthen our capabilities to deliver…
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