Flipkart files application to become public, raises $700 mn

Flipkart has already hit a $4 billion revenue run rate on the back of exclusive tie-ups with mobile handset makers Motorola and Xiaomi.

Flipkart today announced that it had closed its third round of funding, with country’s largest e-tailer attracting interest from five new investors to help it raise $700 million, as the seven year-old company looks to cement its position in the e-ecommerce space.

The Bengaluru-based company saw participation from new investors, including Greenoaks Capital, Steadview Capital and Qatar Investment Authority, along with existing investors, such as DST Global, ICONIQ Capital and Tiger Glob ..

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