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Flipkart raises $1 bn in funds

India Blooms News Service | | Jul 30, 2014, at 03:14 am

#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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