April 26, 2024 18:30 (IST)
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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.
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