Flipkart Fund Raising
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Home-Grown Startup Lumio Announces Foray Into India’s 4K Smart TV Market Backed by Flipkart, Xiaomi Officials
Lumio, a home-grown consumer technology startup from Circuit House Technologies founded by former Xiaomi and Flipkart officials has announced its foray into India’s home entertainment space. The brand says it will soon introduce its range of 4K smart TVs in collaboration with Google, Dixon Technologies, and Amazon India with the aim of changing c...
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Zypp Electric Raises $25 Million Funding, Aims to Expand to Mumbai, Chennai by 2025
Zypp Electric said on Wednesday it has raised $25 million (nearly 206 crore) in a series B funding round led by Taiwanese battery-swapping service provider Gogoro, as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size. The startup, which provides EVs for last-mile delivery for online stores, plans on using t...
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Walmart to Raise Up to $3 Billion for Flipkart at $40 Billion Valuation to Challenge Rivals: Report
Walmart is reportedly considering raising up to $3 billion (roughly Rs. 25,000 crore) in funding for Flipkart, as the firm looks to expand its product range in the country and challenge rivals. The company is yet to yet to formally mandate investment bankers to look for strategic partners and large global investors for the latest fundraising plan, ...
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Swiggy Raises $1.25 Billion in Funding Round Led by SoftBank Following Zomato’s IPO
Swiggy has raised another $1.25 billion (roughly Rs. 9,320 crores) in its latest funding round led by SoftBank. This comes just days after Zomato’s huge IPO drew bids worth $46.3 billion (roughly Rs. 3,45,410 crores) as it was oversubscribed more than 38 times.
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Flipkart Owned by Walmart Raises $3.6 Billion, SoftBank Returns as Investor
Flipkart on Monday announced that it has raised $3.6 billion (roughly Rs. 26, 830 crores) in the latest round of funding with Softbank returning as an investor in the Bengaluru-based company.
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Flipkart Said to Eye Overseas IPO as Early as 2021
Walmart-controlled Indian e-commerce firm Flipkart is preparing for an initial public offering overseas as early as 2021, which could value the firm up to $50 billion, sources familiar with the company's plans told Reuters.
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Flipkart Raises $1.2 Billion in Fresh Funding From Walmart, Existing Investors
Flipkart on Tuesday closed an additional $1.2 billion (roughly Rs. 9,048 crores) equity round led by its majority owner and US e-commerce giant Walmart.
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Indian Startups Get Creative as Crisis Fuels Funding Crunch
India's coronavirus lockdown of 1.3 billion people and an exodus of venture capital are testing a startup community that has quickly become one of the world's biggest, raising a record $14.9 billion last year.
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GreyOrange Raises $140 Million in Series C Funding
The funding round was led by Mithril Capital, GreyOrange said, and other investors included Binny Bansal as well as existing investor Blume Ventures.
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Paytm Mall Announces Funding From SoftBank, Alibaba
Paytm Mall has raised about Rs. 2,900 crores in its latest round of funding led by SoftBank and existing investor Alibaba.
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Despite Snapdeal Setback, SoftBank May Invest $2 Billion In Flipkart: Report
That deal would have given SoftBank, as Snapdeal's largest shareholder, a significant stake in Flipkart - but it was scuppered on Monday, in the face of opposition from Snapdeal's founders, Kunal Bahl and Rohit Bansal.
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Flipkart Offers More ESOPs to Employees to Stabilise Stakes After Valuation Drop
Flipkart, which competes with the likes of Amazon and Snapdeal, has recently raised $1.4 billion at a valuation of $11.6 billion.
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Flipkart to Invest Latest Funding in New Businesses Like PhonePe
"A large part of the money raised from the latest deals struck with Tencent, Microsoft and eBay, will be invested in new businesses, especially PhonePe and fintech."
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Flipkart Raises $1.4 Billion from Microsoft, eBay, and Tencent in Biggest Fundraising Round; Acquires eBay India
Flipkart has been facing lowered valuations from investors, but a consortium of Microsoft, eBay, and Tencent have raised a round of $1.4 billion, at a valuation of $11.6 billion.
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Snapdeal Board Said to Be Mulling Sale, SoftBank Said to Appoint Second Director
When asked if the board discussed/finalised matters related to stake sale and fresh fund raising, a Snapdeal spokesperson said: "There are no decisions in this regard".
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Home-Grown Startup Lumio Announces Foray Into India’s 4K Smart TV Market Backed by Flipkart, Xiaomi Officials
Lumio, a home-grown consumer technology startup from Circuit House Technologies founded by former Xiaomi and Flipkart officials has announced its foray into India’s home entertainment space. The brand says it will soon introduce its range of 4K smart TVs in collaboration with Google, Dixon Technologies, and Amazon India with the aim of changing c...
-
Zypp Electric Raises $25 Million Funding, Aims to Expand to Mumbai, Chennai by 2025
Zypp Electric said on Wednesday it has raised $25 million (nearly 206 crore) in a series B funding round led by Taiwanese battery-swapping service provider Gogoro, as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size. The startup, which provides EVs for last-mile delivery for online stores, plans on using t...
-
Walmart to Raise Up to $3 Billion for Flipkart at $40 Billion Valuation to Challenge Rivals: Report
Walmart is reportedly considering raising up to $3 billion (roughly Rs. 25,000 crore) in funding for Flipkart, as the firm looks to expand its product range in the country and challenge rivals. The company is yet to yet to formally mandate investment bankers to look for strategic partners and large global investors for the latest fundraising plan, ...
-
Swiggy Raises $1.25 Billion in Funding Round Led by SoftBank Following Zomato’s IPO
Swiggy has raised another $1.25 billion (roughly Rs. 9,320 crores) in its latest funding round led by SoftBank. This comes just days after Zomato’s huge IPO drew bids worth $46.3 billion (roughly Rs. 3,45,410 crores) as it was oversubscribed more than 38 times.
-
Flipkart Owned by Walmart Raises $3.6 Billion, SoftBank Returns as Investor
Flipkart on Monday announced that it has raised $3.6 billion (roughly Rs. 26, 830 crores) in the latest round of funding with Softbank returning as an investor in the Bengaluru-based company.
-
Flipkart Said to Eye Overseas IPO as Early as 2021
Walmart-controlled Indian e-commerce firm Flipkart is preparing for an initial public offering overseas as early as 2021, which could value the firm up to $50 billion, sources familiar with the company's plans told Reuters.
-
Flipkart Raises $1.2 Billion in Fresh Funding From Walmart, Existing Investors
Flipkart on Tuesday closed an additional $1.2 billion (roughly Rs. 9,048 crores) equity round led by its majority owner and US e-commerce giant Walmart.
-
Indian Startups Get Creative as Crisis Fuels Funding Crunch
India's coronavirus lockdown of 1.3 billion people and an exodus of venture capital are testing a startup community that has quickly become one of the world's biggest, raising a record $14.9 billion last year.
-
GreyOrange Raises $140 Million in Series C Funding
The funding round was led by Mithril Capital, GreyOrange said, and other investors included Binny Bansal as well as existing investor Blume Ventures.
-
Paytm Mall Announces Funding From SoftBank, Alibaba
Paytm Mall has raised about Rs. 2,900 crores in its latest round of funding led by SoftBank and existing investor Alibaba.
-
Despite Snapdeal Setback, SoftBank May Invest $2 Billion In Flipkart: Report
That deal would have given SoftBank, as Snapdeal's largest shareholder, a significant stake in Flipkart - but it was scuppered on Monday, in the face of opposition from Snapdeal's founders, Kunal Bahl and Rohit Bansal.
-
Flipkart Offers More ESOPs to Employees to Stabilise Stakes After Valuation Drop
Flipkart, which competes with the likes of Amazon and Snapdeal, has recently raised $1.4 billion at a valuation of $11.6 billion.
-
Flipkart to Invest Latest Funding in New Businesses Like PhonePe
"A large part of the money raised from the latest deals struck with Tencent, Microsoft and eBay, will be invested in new businesses, especially PhonePe and fintech."
-
Flipkart Raises $1.4 Billion from Microsoft, eBay, and Tencent in Biggest Fundraising Round; Acquires eBay India
Flipkart has been facing lowered valuations from investors, but a consortium of Microsoft, eBay, and Tencent have raised a round of $1.4 billion, at a valuation of $11.6 billion.
-
Snapdeal Board Said to Be Mulling Sale, SoftBank Said to Appoint Second Director
When asked if the board discussed/finalised matters related to stake sale and fresh fund raising, a Snapdeal spokesperson said: "There are no decisions in this regard".
