Flipkart in talks to raise $1.5 billion from eBay, Microsoft
Flipkart is reportedly in talks to raise up to $1.5 billion from investors including Microsoft, eBay, PayPal and Tencent Holdings at a valuation of $10-12 billion. It has increased the size of its funding round under the new CEO Kalyan Krishnamurthy, who has earlier worked at eBay for nearly seven years. Flipkart last raised $700 million at $15 billion valuation.