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.
Amount Raised
$150 Million
Round Type
Series A
BengaluruCommerce and ShoppingSoftwareE CommerceFashionRetailInvestors
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.
Quick answer
Flipkart raised $150 Million in a Series A round, dated March 9, 2024. Investors: Elev8 and Jungle Ventures. Flipkart is based in Bengaluru, Karnataka, India.
- How much did Flipkart raise?
- Flipkart raised $150 Million in a Series A round on March 9, 2024.
- Who invested in Flipkart?
- Elev8 and Jungle Ventures are named as investors in this round.
- What does Flipkart do?
- At the time, Flipkart was valued at just under $25 billion, over 13% higher compared to $22 billion that it commanded three years ago.
- Where is Flipkart based and how big is it?
- Flipkart is based in Bengaluru, Karnataka, India.
- Who are the decision-makers at Flipkart?
- Fundz holds 2 contacts at Flipkart, including the Lead HR Partner. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Commerce and Shopping and E Commerce around the same time
Companies in the same sectors as Flipkart that raised within 45 days of this round, from Fundz verified event records.
- Mercado Único raised $395K (Pre-Seed) on April 4, 2024.
- Sparqle raised $1.3M (Seed) on February 23, 2024.
- Kidsy raised $1M (Pre-Seed) on March 28, 2024.
- Lalo raised an undisclosed amount on March 22, 2024.
- Scent Lab raised an undisclosed amount (Seed) on March 21, 2024.
- Bazaa raised $650K (Pre-Seed) on March 12, 2024.
Who to call at Flipkart, and when
A new round usually means Flipkart is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Flipkart raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Flipkart, from your own LinkedIn network
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Funding Insights
What this usually meansFlipkart raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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