Flipkart Is Rolling In Money, Raises US$ 210 Million from DST Global

Flipkart is raising money left right and center. In the last year they have already had 2 rounds of successful raisings. In the third round they have announced that the company has raised US$ 210 million, Most of it coming from DST global solutions from Russia.

Flipkart is the largest E-commerce website in India and there are many who would like to back them up. DST’s move to invest in the company is the perfect example. Some reports also suggest that the money raisings can surpass US$ 500 million in the coming days.

Last week Flipkart bought one of the largest online fashion retailer in India, Myntra.com, for an estimated price of US$ 330 million. Most of which was done in stocks.This shows clear objective of the company. To extend its lead in all E-commerce avenues in India, so that the rest cannot even think of catching up.

But people are still complaining about Flipkarts method of working, which came after the incidences where consumers got empty boxes without any electronics inside them. Flipkart might be able to raise money at a staggering pace, however a quick house cleanup is required before they move ahead.