Trade Asia Homepage
Trade Events Center promotes your trade shows to worldwide
Show Name, Acronym or Partial Name   Product Keywords
Industry Country Year Month
Indian e-commerce firm Flipkart raises record $1bn fund
India's largest e-commerce company Flipkart has raised $1bn (£590m; 60bn rupees) in fresh funding, the largest ever for an Indian internet firm.

Founded in 2007 by two former Amazon employees, the company is hugely popular for selling books and electronics online.

It has 10 million registered users and handles over 100,000 shipments a day.

Earlier this year, Flipkart acquired fashion portal Myntra and exceeded $1bn in annual sales.

India's e-commerce market was worth $13bn in 2013, with online travel accounting for more than 70% of transactions.

According to research firm Forrester, online sales of retail goods were worth $1.6bn last year, but with the growing reach of internet in the country and more people shopping online, it is expected to reach $76bn by 2021, according to consulting firm Technopak.

Correspondents say Flipkart is competing for a bigger slice of the Indian online retail market with the Delhi-based marketplace Snapdeal, fashion e-tailer Jabong, and global e-commerce sites like Amazon and eBay.

In the last seven years, Flipkart had raised $760m and the recent funding is the largest for the company.

News Source : BBC News

Contact :
Company : BBC News
Country : India
Telephone :
Email :

Trade Event Updates SEE ALL  
22nd International Stationery ...
Gathering the Largest No. of Exhibitors, ISOT 2011 will be Held as it is Scheduled! ...
YIWU 2011 ~ The 12th China (Yi ...
IWU H&G 2011??A Professional Knitting and Hosiery Event ...
Dongguan China Shoes.China Sho ...
The Best Platform to Explore Marketing Channels and Brand Promotion The 13th Dongguan China Shoes . ...
6th Annual Retail World Asia 2 ...
Retail World Asia to introduce a new co-located event: Online Retail World Asia for the region gro ...
Industrial News SEE ALL  
Battery powered 1080P motion detection home security wireless IP Camera
Battery powered 1080P motion detection home security wireless IP Camera
XTERCONNECT & GENIATECH Partner with CORTUS to enable Secure IoT Solutions based on Dash7 Technology
coer board paper
coer board paper
TIM Expo Shanghai, Insulation and Waterproof for Sustainable Building
Vasthi Dew Point Meter
AsiaInfo Announces Cloud Core Carrier Grade BSS
Member ID
Register to submit trade events
Sponsor banner ad,
Newsletter e-blasting,
& other advertisements.
Contact for details
Trade Event Reports
The National Hardware Show 2010
TaiSPO 2010
Giftionery Taipei 2010
Bookmark and Share
Featured Products

Home - 中文版

About TradeAsia  |   TradeAsia Taiwan  |   TradeAsia China  |   Terms of Service  |   Privacy Policy  |   Advertise  |   Link Exchange  |   Help Center  |   Contact Us
Copyright (c) 2018 TradeAsia. All Rights Reserved.