"This is the largest investment in an e-commerce company in India. This investment validates the belief that our investors have not only in our capabilities as a market leader, but also in the potential of e-commerce in India," Flipkart co-founder and chief executive officer Sachin Bansal told PTI.
Flipkart intends to use the funds for building and strengthening its technology capabilities, bolstering the robust supply chain and developing the talent pool, he added.
Bansal said the investment will help Flipkart make pioneering technology and supply-chain innovations that will help change the face of online shopping.
"This will not only enable us to reach our goal of $1 billion gross market value by 2015, but also help us achieve bigger milestones in the future," he added.
Asked about the investments the company has received till date and the shareholding of the private
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