In the largest ever ecommerce deal in India and the biggest ever funding round in India’s startup ecosystem, Flipkart raised a total of $1.4 billion from Microsoft, Tencent, eBay. After the deal, eBay India will become a part of the Flipkart group. With this fresh fund, Flipkart’s current valuation is now over $11.6 billion. Microsoft, Tencent and eBay now join Naspers Group, Tiger Global Management, DST Global and Accel Partners as investors in Flipkart. The most remarkable part of this deal is that eBay India will now operate under Flipkart! eBay is making a cash investment and selling its eBay…
