Tiger Global Archives - Inside Retail Asia

Walmart pays US$16 billion for majority stake in India’s Flipkart

Walmart has outbid Amazon to take a majority stake in India’s largest online retail business, Flipkart.

Amazon India given nod to sell groceries

Amazon India has secured government approval to stock and sell food and groceries.

India’s Flipkart closes $1 billion funding round

Flipkart has closed a US$1 billion funding round, with plans to raise an equal amount over the next few months.

Alibaba making moves to buy ShopClues

Alibaba is seeking to acquire Indian online marketplace ShopClues, valued at more than US$1 billion.

Cash injection for Indian startup

Indian eCommerce startup ShopClues has had a US$100 million funding injection from private investors after spurning takeover bids from rival e-tailers. Founded in Silicon Valley, California in July 2011 ShopClues.com describes itself as India’s first fully managed marketplace that connects buyers and sellers online and offering a trusted and safe online shopping experience. The latest funding round was led by Tiger Global and includes existing private equity investors, with ShopClues’ ow…

[:en]Flipkart eyes more acquisitions[:zh]Flipkart关注更多的收购

[:en]Indian e-tailer Flipkart plans more acquisitions having just raised $210 million in a fresh funding round. Flipkart has secured investment from DST Global. Existing investors, including Tiger Global, Accel Partners and Iconiq Capital, also participated in the round. “The funding further strengthens our capabilities to deliver on our next stage of growth,” said Binny Bansal, Flipkart co-founder and COO. “Flipkart is one of the fastest growing internet companies globally led by…

Flipkart, Myntra to merge

Indian retailers Flipkart and Myntra are reportedly in talks to merge. In a move proposed by common investors Accel Partners and Tiger Global, the two are currently in talks to combine operations. The merger would enable Flipkart to widen its product categories and help it achieve its goal of selling $1 billion gross merchandise value by next year. “It’s still undecided. We are talking, and hoping to address the concerns of everyone. The Premji Invest-led consortium is also in final sta…

Flipkart gets funds

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 …