Flipkart Internet raised $111M in a funding round led by its related entities in Singapore and D2C startup Ayurveda Experience and online fraud detection startup IDfy secured $27M each.
PRIVATEMar 09, 2024
Amount Raised
$150 Million
Round Type
Series A
BengaluruCommerce and ShoppingSoftwareE CommerceFashionRetail
Investors
Elev8Jungle Ventures
Description
Indian startups raised over $150.1M in funding this week. Flipkart Internet raised about INR 924 Cr ($111M) in two parts from its related entities based in Singapore. Additionally, D2C startup Ayurveda Experience and online fraud detection startup IDfy each secured $27M, tying for the largest funding amount raised of the week.
Company Information
Company
Flipkart
Location
Bengaluru, Karnataka, India
About
At the time, Flipkart was valued at just under $25 billion, over 13% higher compared to $22 billion that it commanded three years ago. Flipkart’s latest funding, was led by Canada’s CPPIB, SoftBank Vision Fund, along with participation from existing backers like Singapore government’s sovereign wealth fund GIC, Qatar Investment Authority and Walmart, post which the company is has now been valued at over $37.6 billion.
Fundz sees it the moment Flipkart raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
BengaluruCommerce and ShoppingSoftwareE CommerceFashionRetail