Indian Online Retailer Flipkart Raises $1 Billion

NewsOK.com RSS - business, Daily Oklahoman: Business
Tue, 07/29/2014 - 11:02pm

MUMBAI, India (AP) — India's largest online e-commerce company, Flipkart, says it has raised $1 billion in new capital as the company gears up for competition with Amazon's push into the Indian market. The company says the funds will be used to invest in expansion, especially in mobile technology. Flipkart is sometimes called the Amazon of India.Read more on NewsOK.com

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