Sources: India’s Flipkart in talks to raise up to $1b, likely in a down round
March 10, 2016 at 20:25 PM EST
After years of raising hundreds of millions of dollars to tap into the burgeoning e-commerce market in India, one of the country’s biggest tech companies is facing a markdown in its valuation as it aims to pick up yet more investment. TechCrunch has learned from sources that Flipkart is looking to raise up to $1 billion in funding to grow its business and shore up against competition… Read More