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Private Equity | 24 August 2012

Nasper, Tiger Global Invest In Flipkart

by Charmi Gutka
 
@charmi
Online retailer - @Flipkart has raised $150 Mn investment led by Naspers and by existing investor Tiger Global, according to IndiaDigitalReview.

The company which has 4,800 employees and services 50,000 orders a day was recently planning to raise funds. This January it raised $150 Mn from existing investors – @Accel_Partners and @TigerGlobal in its fourth round of funding.

Flipkart has put a R300 minimum order cap for the free delivery option, to cut down its losses. The company emphasizes more on customer acquisition which lead to a gross margin loss per unit sale.

Coal Rush - Jindal Steel Increases Stake in Gujarat NRE's Australian Arm

Jindal Steel and Power has acquired additional 2.67% stake in Gujarat NRE Coking Coal (GNCC) increasing its stake to 12.74% with an investment of R43 Cr.

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Atishay Infotech To Go Public Through SME Platform

Mumbai based Atishay Infotech Limited has filed DRHP on BSE SME platform for the issue of 2.3 Mn equity shares at a price of INR 16 per unit aggregating to INR 37.1 Cr. The issue constitutes 26.41% of the paid up equity share capital of the company.

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