Flipkart, the e-commerce website, has raised $200 million from a group of private equity players. It is the single biggest investment in an e-commerce venture in India. The money has been raised from S Africa tech group Naspers and private equity funds Tiger Global and Accel Partners. All three are existing investors in Flipkart, which plans to use the money to build and strengthen technology and bolster its distribution network.
The six-year-old co sells products across 17 categories and has more than 1 million unique visitors daily.