Singapore Sovereign Wealth Invests in Indian E-Commerce Flipkart
Posted on 07/29/2014
Singapore’s GIC Private Limited has joined existing investors Accel Partners, DST Global, Iconiq Capital, Morgan Stanley Investment Management (MSIM) and Sofina to invest a total of US$ 1 billion in Flipkart. This adds to the company’s existing US$ 770 million war chest raised. Flipkart is India’s biggest e-commerce company, competing against another Indian company called […]
- Alternatives
- Amazon
- DST
- Flipkart
- Government of Singapore Investment Corporation
- India
- Morgan Stanley
- Singapore
- Snapdeal
- Venture Capital
