022 24172311
Sections
Search
Subscribe
DealCurry
Equity
Venture Capital
Private Equity
M&A

Private Equity | 24 August 2012

Nasper, Tiger Global Invest In Flipkart

by Charmi Gutka
Nasper, Tiger Global Invest In Flipkart
Share on Social Media Email Facebook Twitter Linkedin
 
@Charmi
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.

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

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.

Read More...

Adani Welspun Exploration Seeks To Acquire Shale, Oil Sand Assets Overseas

Adani Welspun Exploration Seeks To Acquire Shale, Oil Sand Assets Overseas

Adani Welspun Explorations, a JV between Ahmedabad based Adani Group and Mumbai based Welspun Group, is planning to acquire shale and oil sands assets in the US and Canada.

Read More...