Carlyle, General Atlantic in Talks With Flipkart
Carlyle Group and General Atlantic are in talks to invest a combined $150 million to $200 million in Indian online retailer Flipkart, Reuters reported. The firms would pick up a minority stake in the company, which is India’s largest bookseller and also a major seller of mobile phones, music, movies and other products. Bangalore-based Flipkart had earlier raised $31 million in funding from U.S. venture capital firms Tiger Global Management and Accel Partners, Reuters wrote.
24 October 2011•2 mins read
