Last week, Flipkart, which is popular for selling books and electronics online, acquired the country's biggest fashion portal Myntra for around USD 300 million.
Flipkart, India's largest e-tailer, raised USD 210 million in a fresh round of funding from a group of four investors led by internet-focussed investment group DST Global, it said in a statement on Monday.
Last week, Flipkart, which is popular for selling books and electronics online, acquired the country's biggest fashion portal Myntra for around USD 300 million.
Indian e-commerce companies are expanding and raising capital after Amazon , which entered India last June, has drawn up the battle lines by slashing prices and launching next-day delivery.
Set up by two ex-Amazon employees in 2007, Flipkart has raised between USD 540-USD 560 million, according to industry estimates which valued the company at about USD 1.6 billion at the end of 2013.
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Flipkart raises $210m fresh funding from four investors
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