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In the biggest fund-raising ever for an Indian e-commerce company, Flipkart recently attracted a whopping $1 billion from its existing investors Tiger Global Management and Naspers.
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As per industry experts, the Bangalore-based company is now valued at somewhere between $5 and $6 billion — double the estimated value of $2.5-3 billion in May this year.
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Flipkart co-founders Sachin Bansal and Binny Bansal want to make Flipkart the country's first Internet company to be valued at $100 billion.
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Flipkart has till now garnered almost $1.7 billion as it battles Amazon and Snapdeal for the top slot.
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October 9, 2013: Another investment of $160 million by Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina, Vulcan Capital and Tiger Global
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