(view whole article here) TimesofIndia Article
Last month, Naspers bought
redBus for an estimated $110 million. A consortium led by General
Atlantic invested $108 million in analytics services firm Mu Sigma in
2011.
BANGALORE: Online retailer Flipkart
has lined up funding worth about $300 million, which will take the
loss-making e-commerce poster boy through to an initial public offering
(IPO), possibly in the next 24 months, people directly briefed on the
matter said.
Flipkart on Wednesday announced that it had
secured $200 million from existing investors, including US hedge fund
Tiger Global, South Africa's Naspers and venture capitalist Accel
Partners.
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