The latest funding round, at a post-transaction valuation of $11.6 billion, is the largest in Flipkart's 10-year history as well as in the Indian internet sector and comes as Flipkart gears up to drive the next phase of e-commerce growth in India, a company statement said.

E-commerce major Flipkart is looking to hire 20-30 per cent more people in 2017 compared to last year even as rival Snapdeal hands out pink slips to...