You may recall a little while back there were all those Flipkart domain purchases in various cctlds, well the company certainly could afford it as they have just completed the largest funding ever by an Indian Internet company.
| flipkart.ca | May 2014 | 5,000.00 EUR | Sedo |
| flipkart.cn | April 2014 | 5,000.00 EUR | Sedo |
| flipkart.co.za | May 2014 | 5,000.00 EUR | Sedo |
| flipkart.com.au | May 2014 | 5,000.00 EUR | Sedo |
| flipkart.de | March 2014 | 5,000.00 USD | Sedo |
| flipkart.nl | May 2014 | 3,500.00 EUR | Sedo |
| flipkart.pl | May 2014 | 3,500.00 EUR | Sedo |
| flipkartindia.com | August 2013 | 155.00 USD | GoDaddy |
Total price amount in this set of 8 domain name sales is 41,875.00 USD; average price is 5,234.38 USD.
The Hindu reported:
India’s leading e-commerce retailer Flipkart announced on Tuesday that it has raised funds worth $1 billion (over Rs.6,000 crore), the largest-ever by an Indian Internet company.
In a tightly competitive market, Flipkart has been going aggressive on fund-raising, just having raised $210 million as recently as May this year. The year 2014 is punctuated with milestones for the Bangalore-based e-tailer which crossed $1 billion in gross merchandise value in March and then went on to acquire competitor Myntra.com in one of the biggest deals in the sector.
The current funding round, the seventh till date, is led by existing investors Tiger Global and Naspers, with GIC, Singapore’s sovereign wealth fund, participating for the first time. Analyst sources speculate that with this the company is valuated between $6 billion and $7 billion.
Read the full article here
This is certainly good news for everyone who is still sitting on one of the various available flipkart ctlds, such as me *crossing fingers*
Just do not understand valuation. FlipKart is not a an international brand or IMO likely to be, pumping the money into what? a valuation based on gamekeeper poacher, crazy.
Little further info (http://forbesindia.com/article/special/amazon-plans-to-invest-$2-billion-in-india/38335/1)
Heard this before ” Once you reach a certain size (multi-billion dollars) it will be easy to make money.”