Flipkart raised $1 billion at the end of July, and less than six months later the Indian e-commerce giant is rounding of the year with a new $700 million round.
Added to the $210 million that it closed in May, this round takes seven-year-old Flipkart past $2 billion in investor money in 2014, and to around $2.7 billion in total.
Interestingly, the company has disclosed that it has applied to become a public company in Singapore, where it is registered. It stressed that this filing is in line with the law since it now has over 50 shareholders and that it “is in no way indicative of any upcoming IPO,” but it does raise the question of what (and when) its exit will be.
