June 24, 2026 06:17 pm (IST)
Flipkart raises $1 bn in funds
Bangalore, July 29 (IBNS): Indian e-commerce company Flipkart on Tuesday said it has raised USD 1 billion in fresh funding.
The move assumes significance as it is the largest ever fund-raising by an Indian internet company.
Flipkart co-founder Sachin Bansal told media: "When we started in 2007 we could never dream to reach here. Today, we are dreaming big."
"We are dreaming to build a long lasting enterprise. Hopefully, it will be worth a 100 billion dollars, " he said.
Sachin Bansal and Binny Bansal had set up the company in 2007.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Adani stocks soar! Investors rush in after Gautam Adani unveils massive Rs 2 lakh crore expansion plan
Wed, Jun 24 2026
Adani's biggest energy gamble yet! Rs 2 lakh crore push, 45 GW target and nuclear ambitions unveiled
Wed, Jun 24 2026
Vedanta shares crash 6%! Promoter's Rs 1,890 crore stake sale plan spooks investors
Tue, Jun 23 2026
Tech giant Oracle slashes 21,000 jobs while betting big on AI
Tue, Jun 23 2026
Renault India begins global exports of the new Duster
Mon, Jun 22 2026
