Swiggy To Raise A $750 Mn Funding
Food delivery unicorn Swiggy is to raise a $700-$750 Mn funding round led by its existing investor Naspers.
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Acquiring Flipkart Made Walmart India’s Leading RetailerIn 2018, Walmart acquired Flipkart for $16 Bn and the deal has now made Walmart a leading retailer in India.
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Editor’s Weekly Pick
Vision Fund was already path breaking. Now with Vision Fund – II, with another war-chest of $100 Bn+, and backing by Microsoft and Apple, Son is looking to create another wave of disruption globally – this time, in the enterprise tech market. Here is a good note by WSJ on their strategy.
–Abhishek
Market Pulse
- B2B online marketplace Udaan to raise $500 Mn in a fresh funding from Lightspeed Venture Partners and DST Global along with other investors such as Hillhouse Capital and Altimeter Capital
- Paytm-owned gaming company Paytm First Games to raise $25 Mn from SAIF Partners along with a Hong- Kong based entity
- Indore based Fintech startup BharatPe to raise $75 Mn funding from Hong Kong-based Steadview Capital. BharatPe also enables merchants to track their transactions, settlements and manage sales record
- Venture capital firm Sequoia Capital India to raise an additional $200 Mn for the same fund closed at a fund corpus of $695 Mn
- Mumbai-based integrated incubator Venture Catalysts announced the launch of the $43.41 Mn 9Unicorns Fund to high potential early stage businesses across various sectors
- Poland-headquartered edtech startup Brainly has raised $30 Mn funding from Naspers along with other investers such as Runa Capital and Manta Ray
- Bengaluru-headquartered e-pharmacy startup Medlife to raise $21 Mn from pharmaceuticals company Cipla, the deal will help Cipla with a significant channel to market