Indian unicorn e-commerce company, Flipkart has raised ₹400 Crore ($71 million) from South- African technology investor Naspers. Post the deal, Naspers now holds 16.5% stake in the company. Previously in 2012, they invested in Flipkart as the lead investor from the round by seeing their potential and unique idea for market expansion plans.
This huge investment round will help Flipkart in competing with its rival Amazon and also promote their products and services on the global level. The investment shows faith and confidence of Naspers towards Flipkart's team and its future.
Naspers made a heavy statement, showcasing pride in Flipkart's goodwill over other e-commerce portals in India, on the note of customer relationship management, variety and guarantee. Naspers has put Flipkart with its other investments PayU and MakeMyTrip and classified them as the upcoming potential companies which can break the global records.
Speaking about the investment, Naspers commented that “The group invested ₹400 Crore ($71 million) for an additional interest in Flipkart in April 2017. The additional interest was acquired from existing shareholders of Flipkart. Following the investment, the group holds a 16% interest in Flipkart on a fully diluted basis."