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Flipkart raises $700 mn from new investors
Highlights
E-commerce major Flipkart today announced filing application with Singapore based companies\' regulator ACRA to become a public company after raising USD 700 million for long term strategic investments in India following which its number of investors exceeded 50.
Bengaluru: E-commerce major Flipkart today announced filing application with Singapore based companies' regulator ACRA to become a public company after raising USD 700 million for long term strategic investments in India following which its number of investors exceeded 50.
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"Flipkart Limited (incorporated at Singapore) has filed with ACRA Singapore for conversion to a Public Company. This is a mandatory procedure for all companies where the number of shareholders exceeds 50," Flipkart said in a statement.
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