Flipkart Secures $1 Billion In Fresh Round Of Funding

Flipkart, India's largest e-commerce company, also the dominating shopping site in the country, has reportedly raised a mind-boggling $1 billion in a fresh round of funding. This money comes from not just existing investors such as Tiger Global, DST and Accel Partners, but also from several new investors.

To date, Flipkart has raised $1.7 billion in funding (including this $1 billion), with the company's valuation at $5 billion.