E-Commerce Giant Flipkart On The Way To Be India's Costliest Company
BENGALURU: Flipkart, the most famous Indian e-commerce, is again in the headlines. The Bengaluru based company Flipkart is planning to raise its fund to 
10,500 crore in the coming months. Within less than seven years, Flipkart has already valued at over $12 billion and guzzled nearly about $2 billion venture capital money.
Flipkart was established in 2007 by the two IIT alumni-Sachin Bansal and Binny Bansal. It is headquartered at Bangalore, Karnataka. Initially, the company started up with 400,000 for making its website and later it raised its funds from its venture capitals like Accel India and Tiger Global.
Flipkart also created a record in India’s startup funding history with its fund raising practices last year and is still looking to raise its funds at around $15 billion this time. United States Based Tiger Global Management is expected to invest around $700 millions in several tranches according to the sources collected from The Times of India.
Despite of being the biggest internet retailer, Flipkart has its competitors like Amazon and Snapdeal. It seemed as if it is impossible that Flipkart could achieve a status of being at top position. The company was running out of funds 2 years before and experts were in doubt about the company’s survival. But Tiger Global invested a majority of $150 million saving Flipkart to sustain in 2012.
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