The Carlyle Group and General Atlantic (GA) are in discussions to together invest $150 million to $200 million in online bookseller Flipkart.com, Reuters reports. The U.S. private equity firms would have a minority holding in Flipkart after their investment.
At present, the transaction is stuck due to differences on valuation between Flipkart and the potential investors. Flipkart is India’s largest online bookseller with sales of $11 million in the last financial year. It anticipates revenue of over $100 million in 2011.
Click here for the story from Reuters.
General Atlantic The Carlyle Group Flipkart GA Carlyle