The biggest news of the week remain to be the funding round which Flipkart has just announced. Flipkart this week finally closed 700 Mn in a new funding round, with this Flipkart is now valued at about $11 Bn (INR 69,000 Cr.). In total, 10 startup raised about $800 Mn (this is based on the startups that disclosed there funding round.)
Livspace: It raised INR 29 Cr. in series A Round in Funding led by Helion Venture Partners, Jungle Ventures and Bessemer Venture Partners. Bangalore based home-design startup; Livespace is a platform where users decorate, design and furnish their dream home. It plans to use the raised funding for building the product and expanding the team, besides marketing and business development.
Vliv: It raised an undisclosed amount of funding from Mumbai Angels Networks and a group of executives including Manish Dalal of Verisign, Srini Raghavan of Scientific Games and Pari Natarajan of Zinno. New Delhi and Bangalore based mobile video startup was founded in 2012 by Vaibhav Suri, Ashish Chadha and Kiran Kulkarni, all ex-Yahoo employees. The startup plans to use the raised funds to expand its user base and launch its upcoming video app in over 15 international languages.
Zepo.com: Founded in 2011 by Nitin Purswani raised an undisclosed amount in funding led by Anupam Mittal, CEO of People Group, with One97 Mobility Fund also participating in the round. “Zepo has the potential to emerge as one of the few superstar SaaS companies from India. The market is huge and we are still at ground zero. With the funding round, we are expected to further consolidate the leadership in this category,” said Anupam Mittal. It plans to used raised funds to expand its presence in existing markets as well as to explore new overseas markets.
Lookup: A free messaging app Lookup raised $100K from MKS Switzerland SA. Bangalore based-startup Hatchery Software Pvt Ltd runs Lookup. It is has also joined hands with Bangalore Police to help public to connect with the police in case of emergencies and also acquired company like RecommerceHub.
Pricetree: An early stage startup program launched by Facebook to help startup on their App marketing has picked up Indian startup, PriceTree for $20K sponsorship. An NCR based startup that was launched in 2014 is a shopping comparison site for shoppers. Pricetree form 20K sponsorship will promote their mobile app to the right audience within Facebook and their 20 network platform and will have direct access with the Facebook team.