Online e-Commerce web-portal Flipkart has divulged its financial roadmap. The company will may opt for another funding round. As for its IPO aspirations, they appear to have mellowed down considerably as co-founder and CEO of the company Sachin Bansal confirmed they are still 2-5 years away. Updated: The folks from Flipkart have got in touch saying that the company has no official plans to raise...

The Budget’s impact on the E-Commerce ventures is going to be heavy this year owing to the implementation of the Goods and Services Tax (GST). Finance Minister Pranab Mukherjee has assured that GST will be effective by August 2012. How is this going to affect the Online Retailing Industry? Currently, taxes differ as per states & hence E-commerce companies are forced to operate from locations...

Amazon has finally entered India by introducing their online marketplace called Junglee.com. This is not a direct competition to e-commerce players in India but Amazon is the big daddy of e-commerce around the world and its easy to understand why their entry into the Indian market would make Indian players nervous. This does not seem to be the case however for Flipkart CEO, Sachin Bansal. Flipkart...

Looks like the enthusiasm of Sachin Bansal is shared by Accel Partners & Tiger Global Management, who have pledged US$ 150 Million to the company. This fourth round of funding takes the Valuation of Flipkart to a whopping figure of US$ 850 Million. Flipkart which initially started its operations with focus on books has diversified into myriad forms of products & services. Given the entry of...

Flipkart the online books retail portal recently forayed beyond books by adding CDs & DVDs of Movies, Music and Games to its offering. This expansion comes at a time when VCCircle reports a funding of 10 million dollars for Flipkart. The funding confirmation apparently took place a few months back. The investor is Tiger Global Management which is a New York-based investment firm. Flipkart raised...