Flipkart, the largest e-commerce company in India, announced on Twitter that it has raised a massive $1 billion round. The tweet confirms reports several days earlier in the Economic Times that company had secured that amount in funding. The round was reportedly led by existing investors Tiger Global and Naspers, as well as GIC, Accel, and DST Global, at a $7 billion valuation. TechCrunch has contacted Flipkart for more information.

This takes the total Flipkart has raised so far to $1.75 billion. It last announced fundraising in May, when the company said that it had closed a $210 million round led by DST Global, with participation from Tiger Global, Naspers, and Iconiq Capital.

Flipkart will most likely use the money to ward off competition from Snapdeal and Amazon, which launched in India a year ago. It will also continue acquiring startups–it's most recent purchase was online fashion dealer Myntra in a deal reportedly worth $300 million. Co-founder and CEO Sachin Bansal told reporters that the part of the funds will be used to make long-term strategic investments in India, "especially in mobile technology."