FlipKart has raised USD 200 million from its existing investors including Naspers, Accel and Tiger Global. The funding round is being touted as the single largest amount to ever be invested in an e-commerce company in India. The funds will be used for building and strengthening Flipkart’s technology capabilities, bolstering the robust supply chain and developing the talent pool.

Sachin Bansal, Co-founder and CEO of FlipKart.com said, “This investment validates the belief that our investors have not only in our capabilities as a market leader – but also in the potential of e-commerce in India. With this investment, we can now take Flipkart to the next level, pioneering technology and supply-chain innovations that will change the face of online shopping. This will not only enable us to reach our goal of $1 billion GMV by 2015 but also help us achieve bigger milestones in the future.”

Binny Bansal, Co-founder and COO of Flipkart said, "Over the last six years Flipkart has grown in strength and today we are a company that has defined e-commerce in India – and we continue to remain leaders in this space. The growth potential is enormous andour investors share this vision. Each round of funding has come at a strategic point during our growth. Our aim is to continuously improve the shopping experience for customers and provide sellers with a highly scalable platform on which to do business.”

The company further stated that it has 96 lakhs registered users also claiming that more than 10 lakh unique visitors every day visit the platform. Around 1.3 lakhs items are shipped in a day as of June 2013. 

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 has 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.