Freelance Writer, Journalist

Fresh $700 Million Funding Injection Raises A Question: Is Flipkart Being Over-Valued At $11 Billion

Fresh $700 Million Funding Injection Raises A Question: Is Flipkart Being Over-Valued At $11 Billion

Yet again?

That was my first reaction when I first read the news about the leading Indian online retailer Flipkart raising more capital on a fresh valuation of $11 billion earlier in the day.

The buzz which was earlier a rumour has now been confirmed. Flipkart indeed is raising some more capital- making it their third round of funding this year. People involved directly in the deal have confirmed that they have got the final nod for an initial investment of $180 million from the Hong Kong-based investment firm Steadview Capital.

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