Flipkart Raises $160M For eCommerce Marketplace

The Series E round, totaling $360 million, is “the largest ever to be raised by an Internet startup in India.” Since its launch, Flipkart has raised $540 million.

With the extra funds, Flipkart will improve its technology, supply chain, hiring and the overall “end-user experience.” CEO and co-founder Sachin Bansal said that the company expects to earn $1 billion in gross merchandise sales by 2015, according to the media outlet. 

For more on Flipkart’s recent financial gain, click here.

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