Flipkart Online Services, an India-based retailer, has raised a reported $150m in its series D round from a consortium including Myriad International Holdings (MIH), the corporate venturing unit of South Africa-based media group Naspers.
MIH, which in June saw its head, Antonie Roux, sadly pass away at the age of 54, is investing $90m to become the second-largest shareholder after hedge fund Tiger Global, according to news provider Times of India.
Alongside MIH in the D round that values Flipkart at $800m are venture capital firm Accel Partners, Tiger and Iconiq Capital, a multi-family office for individuals such as social network Facebook co-founder Mark Zuckerberg, according to Times of India.
Flipkart has raised more than $300m in total and recently bought Letsbuy.com, which Accel Partners and Tiger Global Management had also funded.