India: Electricity Supplier Flipkart Expects To List In The US Within 18 Months

The largest e-commerce platform

It plans to list in the US in the next 18 months, and expects to raise $5 billion in capital.

The India Times quoted an investment banker who did not want to be named, saying that the exact amount of stock sold was uncertain.

If Flipkart is successfully listed, it will be the largest paction initiated by India company.

The Flipkart valuation is between 25 billion -35 billion dollars and the final valuation depends on the final amount of financing.

A number of Wall Street banks are consulting with the electricity supplier company, hoping to help them to go public.

However, Flipkart declined to comment on the matter.

Reporters from the foreign media "latinvex" recently reported that: Flipkart was founded eight years ago, its largest shareholder is New York private equity firms tiger global management company.

Flipkart was originally a network bookstore. Later it expanded its business to clothing and electrical appliances. Now it has become the leader of India electric business.

Flipkart has been singing all the way, expanding its scale, developing its own mobile phone shopping APP, and launching a similar Amazon Prime membership service. Membership fee is only $8.5 per year.

In May 2014, Flipkart bought a rival fashion retailing website Myntra, which was reportedly trading at $300 million.

In India and the local electricity supplier Snapdeal and

In the course of competition, Flipkart has raised about $2 billion 700 million in several rounds of financing.

Flipkart raised $700 million in the latest round of financing.

This round of financing means that many investors have decided to bet on Flipkart, including Baillie Gifford Greenoaks, Greenoaks Capital capital and Qatar Investment Bureau.

Last year, Amazon founder Geoff Bezos said Amazon would invest $2 billion to expand its market in India.

Snapdeal, a local electricity supplier in India, also gets financing from investors like Softbank, Japan.

The growing number of online shoppers in India is driving investors to bet on the new e-commerce companies.

Chinese electricity giant Alibaba group also entered the India market, invested heavily in the mobile payment platform Paytm, aimed at enabling Chinese consumers to buy India products online, while allowing India consumers to purchase goods from Alibaba websites with Paytm services.