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Flipkart is worth $5 billion?

July 28, 2014, 7:05 am

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These sources, who are not directly involved in the process, said a fund founded by Russian billion?aire Yuri Milner is taking the lead drawing in new investors soon after pouring money itself into the Bangalore-based company.

These sources, who are not directly involved in the process, said a fund founded by Russian billionaire Yuri Milner is taking the lead drawing in new investors soon after pouring money itself into the Bangalore-based company.

Among those said to be interested are Singapore's sovereign wealth fund GIC and US-based investment firm T Rowe Price. Flipkart declined comment on what it called "market speculation".

Among those said to be interested are Singapore's sovereign wealth fund GIC and US-based investment firm T Rowe Price. Flipkart declined comment on what it called "market speculation".

Flipkart is the clear leader in India's online retail space but US-based Amazon has started to rapidly build scale, hotting up the competition as well as the need for cash for the Bangalore company.

Flipkart is the clear leader in India's online retail space but US-based Amazon has started to rapidly build scale, hotting up the competition as well as the need for cash for the Bangalore company.

Flipkart's other investors are Accel Partners, Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina and Vulcan BSE 4.82 % Capital.

Flipkart's other investors are Accel Partners, Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina and Vulcan BSE 4.82 % Capital.

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