The week saw Flipkart raising yet another round at a pre-money valuation of $10 Bn. In total, 11 startups raised more than $640 Mn in funding (this is based on the startups that disclosed their funding amount).
Let’s have a look at the startups that got funded this week:
Flipkart: It raised between $500-600 Mn at a pre-money valuation of about $10 Bn from Tiger Global, Naspers and Yuri Milner’s DST Global and some new investors. The official announcement is expected to come in the coming week
Scrollback: Singapore based Jungle Ventures invested $400k in Scrollback. Scrollback was founded in 2013 by Aravind Ravi-Sulekha and Gaurav Srivastav. The startup plans to use the raised funds to reach out to a greater number of forums.
Qikwell Technologies: Saif Partners invested in this Bangalore based Healthcare Startup. It raised raised $3 Mn in series A round. It plans to use the raised funds to expand its sales and marketing footprint across the country.