Flip Closes $60 Million Series B Round To Reimagine The Next Era Of E-Commerce
PRIVATEJul 19, 2022
Amount Raised
$60 Million
Round Type
Series B
BengaluruCommerce and ShoppingSoftwareE CommerceFashionRetail
Description
Flip, the next-generation e-commerce platform combining a TikTok-like discovery experience with a premium e-commerce service, announced a $60 million Series B funding round at a valuation of $500 million. The funding round was led by WestCap with participation from previous investors Mubadala Capital and Streamlined Ventures, bringing the company’s total capital raised to $95 million.
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