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India's Flipkart karts in $1.4bn from Tencent, eBay and Microsoft

Homegrown e-tailing leader builds war chest to fend off Amazon

Flipkart's office in Bangalore   © Getty Images

NEW DELHI India's e-commerce boom has triggered an intense battle for supremacy, with the top two players pulling no punches and deep-pocketed global investors swooping in.

The homegrown Flipkart, India's largest e-tailer, on April 10 announced it had raised $1.4 billion from Chinese internet company Tencent Holdings and technology multinationals eBay and Microsoft. The funding round was Flipkart's biggest since its inception a decade ago, and should help it take on bitter rival more aggressively.

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