![](http://www.apricusventures.com/wp-content/uploads/2020/07/Reliance-1-300x225.jpg)
Reliance Industries’ digital venture Jio Platforms has raised INR 33,737 Cr ($4.5 Bn) from global tech giant Google for 7.73% equity stake, Mukesh Ambani announced at Reliance’s 43rd Annual General Meeting (AGM). Google is investing at an equity valuation of INR 4.36 Lakh Cr.
Read More
Flipkart raises $1.2B from Walmart at $24.9B valuation amidst COVID-19 pandemic
India’s leading e-commerce marketplace Flipkart on Tuesday announced a fund infusion of $1.2 billion, at a valuation of $24.9 billion, led by its parent company Walmart.
Read More
Startup News Snippets
M&A News
Market Pulse
- Singapore and Bengaluru-based air retailing and payments platform Mystifly has raised $3 Mn in pre-Series B funding from Recruit Co.
- Bengaluru-based budget hotel chain Treebo has raised $3 Mn in Series D funding from Bertelsmann SE & Co, Matrix Partners India, and SAIF Partners India.
- Mumbai-based early-stage payments startup goDutch has raised $2 Mn in seed round funding from Matrix India, Y Combinator, Global Founders Capital, Soma Capital, and VentureSouq
- Mumbai-based cloud kitchen startup Yumlane has raised $1 Mn in pre-Series A funding led by Jetty Ventures
- Delhi-based home-grown healthcare venture capital fund HealthQuad has raised $69 Mn in an initial funding round for its second fund, aimed at supporting disruptive, technology-based and innovation-driven businesses that transform healthcare in India