Indian online retailer Flipkart has raised an additional $160 million, taking its total capital raised since July to $360 million.
Investors in the latest funding round include Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina and Vulcan Capital along with one of its existing investors, Tiger Global Management.
In July, the online retailer raised $200 million from four investors including Tiger Global and Accel Partners.
The funds will be used to boost Flipkart’s capabilities, strengthen its logistics chain and expand its staff, says co-founder and CEO Sachin Bansal.
Founded in 2007, Flipkart offers products across 17 categories and has more than 1 million visitors every day, it says.