Thursday, June 16, 2011

India?s Amazon.com Flipkart Raises $20 Million From Tiger Global

Flipkart, an Amazon-like e-commerce site in India, has raised $20 million from Tiger Global. This brings the company's total funding to $31 million. Previous investors include Accel India. Flipkart launched in 2007 as an online bookstore, but recently expanded to Electronics, Mobile Phones and CDs/DVDs of music, movies, games and software. The site is still the largest online book retailer in the country (the site has 10 million titles available), but aims to become an e-commerce destination for electronics, music and more.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/QreLM_4_02E/

ELPIDA MEMORY EMC FIDELITY NATIONAL INFORMATION SVCS FISERV

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