Online retailer - Flipkart Online Services 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 Tiger Global Management 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.
Mumbai based Tata Sky Ltd, a Direct-to-Home (DTH) service provider is in talk with PE firms to raise about R1800 Cr ($300 Mn) after dismissing it plans for an IPO. The PE firms approached by the company includes Bain, Blackstone, Warburg Pincus, TPG and General Atlantic