After raising USD 200 million in July this year, India's e-commerce giant FlipKart.com has raised another round of additional funding worth $160 million from Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina and Vulcan Capital along with existing investor Tiger Global. With this, the total funds raised in this round stand at $360 million – the single largest amount to be ever raised by any Indian internet business.

The funds will be used to further build FlipKart’s technology and supply chain capabilities, develop the talent pool and further enhance the end-user experience.

Sachin Bansal, Co-founder and CEO of FlipKart.com said, “We are excited to work with a group of investors who strongly believe in our business strategy and are completely aligned with our long-term goals. India’s e-commerce market is at a critical inflection point and this additional capital will allow us to further expand our leadership position. “

FlipKart’s other investors include Accel Partners and ICONIQ Capital.

FlipKart.com is the largest e-commerce platform in India and has been operational since 2007. Today it offers products across 17+ categories and claims to have one crore registered users.

The company has recently launched payment solution, PayZippy for merchants which it soon plans to extend for customers as well. FlipKart Group’s payment gateway services have launched online payment solution, PayZippy. Available currently for Indian merchants, the company said that it will soon launch a gateway for customers as well.

Earlier in June this year, FlipKart stopped delivering orders above Rs 10,000 in Uttar Pradesh, including NCR regions of Noida and Ghaziabad terming it as a 'business decision'.

In April 2013, the company launched its marketplace two months after it had started signing sellers for the same by unveiling a separate sign-in page.

FlipKart also divested its front-end company WS Retail Services which has been acquired by a group of Indian investors led by former OnMobile COO Rajiv Kuchhal in February this year. WS Retail manages FlipKart operations in India.