India Deal Review: At $1.9b, startup fundraising in May hits nearly two-year high
Top six startups together raked in $1 billion or 53% of the total deal value in the month.
Editor’s take: The week that was—May 20-25
Catch all the important developments of the week in the PE/VC industry.
Google to buy $350m stake in India’s Flipkart, valuing e-commerce firm at $37b
The tech giant will join in as an investor in the latest funding round for the Bengaluru-based company.
India’s Flipkart pumps $141m more into marketplace unit
The capital injection brings the total infusion since 2018 to $1.9b.
India Digest: Flipkart to enter quick commerce; Foxtale raises $14m
Flipkart will launch 10-15 minutes delivery in at least a dozen cities, sources told Entrackr.
Indian logistics company Shadowfax raises $100m funding led by TPG
Eight Roads Ventures made a partial exit, while existing investors reupped.
Flipkart co-founder Binny Bansal exits board, floats new e-commerce venture
Binny has re-entered the e-commerce space with his new venture OppDoor.
Deals Digest: Flipkart invests in two units; Roojai acquires Lifepal
Flipkart pumped in $2.1m in Flipkart Health and another $5.7m in Flipkart Marketplace.
[Updated] Walmart infuses nearly $600m into Indian e-commerce major Flipkart
Walmart raised its ownership in Flipkart to about 80% this year.
Charticle: PE-VC firms encashed $17b from exit deals in India in Jan-Sept 2023
Tiger and Accel sold their stakes in Flipkart for $1.8b in July 2023, marking the biggest exit so far this year.
