Flipkart set to raise $1.5 billion in another round of mega fund-raising

BENGALURU: India's largest online retailer, Flipkart, could begin another round of mega fund-raising as it expands its product range catering to a widening base of customers. The Bengaluru-based firm will seek funding of about $1.5 billion and has begun shortlisting potential investors, according to two people with direct knowledge of the developments. "Talks haven't begun yet and Flipkart is looking to target only a few investors that they want on board," said one of the two persons directly involved in the process. "The fund-raising process is expected to begin in January 2015."