Flipkart, the India-based e-commerce company backed by internet company Naspers, closed its third round of 2014 at $700m on Saturday.
Greenoaks Capital, Steadview Capital and Qatar Investment Authority joined existing investors including DST Global, Iconiq Capital and Tiger Global in the round, which increased Flipkart’s overall funding to $2.4bn since it was founded in 2007.
Reports last month suggested that Naspers had committed between $50m and $100m to a round sized between $500m and $600m, though Flipkart did not list it among the investors in the round.
The round follows a $1bn raised in July from Naspers, Tiger Global, GIC, Morgan Stanley, Sofina, Accel Partners and Iconiq. Flipkart plans to use the latest funding to make long-term strategic investments in its home country.
In addition to the fundraising, Flipkart revealed that it has filed for an initial public offering in Singapore, though it did not disclose details regarding the number of shares it plans to issue or their pricing.