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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 @Tiger_Global106 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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Lodha Group Acquires Clariant's Thane Land

Lodha Developers through its subsidiary Ishwer Realty and Technologies Private Limited has acquired the 87 acre land parcel in Kolshet, Thane from Clariant Chemicals (India) Ltd paying a consideration of R1154.25 Cr. The group plans to develop residential projects on the parcel, and expects to have all permissions in place in 12 to 18 months.

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