With the latest round of funding of Flipkart this week, the startups has valued at $11 billion and the latest valuation made the Bangalore startups to be among top-5 biggest privately-held technology startups in the world.
The other four privately-held tech startups in the world ahead of Flipkart is Uber with valuation of $41.2 billion, AirBnb with valuation of $13+ billion followed by Dropbox and SnapChat both valued at around $12 billion approx.
Flipkart closed a $700-million fund-raising on Wednesday from Steadview Capital and existing investors and this was the third round of funding of Flipkart in this calender year taking the year's total mop-up to $2 billion. This year's capital raising binge also makes Flipkart one of the most heavily funded startups in India.
In May 2014, Flipkart received $210 million from DST Global and in July it raised whooping $1 billion led by existing investors Tiger Global and South Africa's media group Naspers. The July fund-raising valued the company at $7 billion, a first for an Indian Internet firm and making Flipkart among wolrd's 10 biggest privately held teech-startups.
Flikart has projected a $4-billion revenue run rate by March next year.
Founded in 2007 by Sachin Bansal and Binny Bansal, Flipkart is headquartered in Bangalore, Karnataka, though Flipkart is actually registered and based in Singapore. Legally, Flipkart is a Banglore, India based company but majority of its shareholders & investors are foreigners.
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