Yuri Milners and Sachin Bansal

Sachin Bansal: Singapore sovereign wealth fund GIC Pte and Russian billionaire Yuri Milners DST Global, also made investments, Flipkart said in a statement today. The e-commerce company said it has 22 million registered users and handles 5 million shipments a month, according to Bloomberg. This funding will let us make big bets on changing the structure of the ecommerce ecosystem in India , Chief Executive Officer Sachin Bansal told reporters in Bengaluru. It helps us take a really long term view of where the market is headed and how we want to shape it and Flipkart.com, Indias biggest online retailer, raised $1 billion as investors, including Tiger Global Management LLC and South Africa s Naspers Ltd. NPN , increased their stakes. Todays investment would be the most raised in India e-commerce industry, according to data compiled by . The money will provide Flipkart with additional impetus as it fights to maintain its lead against competitors such as Amazon.com Inc. in a market that Asia Pacific Markets projects will grow sevenfold to $22 billion by 2018. (news.financializer.com). As reported in the news.