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Flipkart’s Largest Investor Tiger Global Will Not Participate In April Funding Round
Tiger Global also knew as Tiger Global Management, the biggest investor in Flipkart had a deal with Microsoft and the other new investors to sell a part of its stake in Flipkart in the latest fundraising round that valued it at $9.3 billion.
While other e-commerce sectors eBay, Chinese Technology Giant Tencent and Microsoft are investing $ 500 million, the Tiger Global’s part-sale would mean Flipkart is still short of the 1.5 billion it was targeting to raise in this round.
By this we can assume that either of these 3 investors will raise the additional money or a fourth investor, probably, Google Capital would help Flipkart close the rounds within a few weeks.
Neither Tiger Global nor Flipkart representatives were available to respond to queries. A spokesperson from Flipkart denied any such issues and called it “completely false and baseless.”
According to some reports, Flipkart has already raised $ 1 billion in the new round. And there are reports that this e-commerce company is in talks with other investors such as Google Capital and PayPal
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