Flipkart in talks to raise $600 million

Online marketplace Flipkart is believed to be in talks to raise around $600 million from a group of investors. The eCommerce firm, currently being valued at around $11.5-12 billion (about Rs 71,000-75,000 crore) is also looking at a higher valuation, people in know of the development said. Flipkart at present is in talks with a clutch of investors to raise somewhere in the range of $600 million.