Indian E-Commerce Firm Flipkart Raises Eye-Popping $1B
Wow. Is this real? Does anyone know anything about this company? Wikipedia has the company's revenue at 200m USD as of January, making an operational loss. They don't sell internationally.Is there some important part to this story that we're missing? Seems like there must be something worth knowing about here.On a slightly unrelated note, it's amazing that billions can be raised pre-IPO these days. It almost buries IPOs as a fund raising methods.I realize exit/liquidity was/is the bigger reason for tech IPOs already, but it seems somehow unnatural to completely abandon the role of financing. Not sure where I'm going with this.