Flipkart, an eminent ecommerce company in India, is striding ahead to own $1.4 billion from several capitalists.
Indian market is in need of capital
To meet up its requirement, it considers Tencent Holding, Chinese internet firm and capitalist, as well. State Run Global Times, Chinese media, said that this kind of step brings the fact that Indian market needs capital as well as marketing experience of China.
Flipkart fundraising and India-China collaboration
An article of State-run included a statement that, “While many have been focusing on how Flipkart’s fundraising could spark a realignment of forces in India’s ecommerce marketplace, less attention has been paid to the bigger picture of industrial collaboration between India and China”.
Another funding raised in Indian Market
In fact, this funding deal of Flipkart was followed by another funding case that came in to scenario in which Paytm, an Indian e-commerce payment portal, has raised a capital of $177 million from Alibaba Group, Chinese capital firm.
The Chinese media stated that, “This series of high-profile collaborations demonstrates that India needs Chinese companies’ capital and marketing experience”.