India's local electricity dealer Flipkart the latest round of 1 billion dollars in investment

Absrtact: July 25 News, according to the Indian Economic Times news, India's local electricity dealers Flipkart the latest round of a $1 billion trillion of investment. If the news is true, the investment will be one of the biggest investment in the world for this year. Consumer

The July 25 news, according to the Indian Economic Times news, India's local electricity dealers Flipkart the latest round of a $1 billion trillion of investment. If the news is true, the investment will be one of the biggest investment in the world for this year.

The news also revealed that the deal will be completed in a week or two, when the official will announce the details of the transaction.

It is understood that half of this 1 billion-dollar investment comes from the first Investors Tiger Global (Tiger Fund) and Russia's DST Global, Accel Partners, while other investments will come from the new investor.

By May this year, Flipkart had just received 210 million of dollars in investment from Tiger Global, DST Global, Naspers and Iconiq capital.

Yuri Milner, founder of DST Global, said in a previous interview that Flipkart is one of the fastest-growing electric companies in the world and is definitely a worthy investment in the fast-growing Indian electricity market.

Other investors in Flipkart include Dragoneer investment Group, Morgan Stanley investment Management, Sofina and Vulcan Capital.