A US-based mutual fund managed by T.Rowe Price, that has invested about $100 Mn in Flipkart, has marked down its shares in ecommerce giant by 15%. After Morgan Stanley, Rowe is the second firm that has marked down Flipkart’s valuation.
Matrix Partners India raised additional $110 Mn (INR 730 Cr) to top up its second fund. It will now has a total corpus of $400 Mn in its second fund.
This week 22 startups raised about $33 Mn in funding altogether (the funding amount is based on the startups that disclosed their funding amounts).
Startups That Raised Funds This Week
KNOLSKAPE: A software company that focuses on management training, assessment and research, KNOLSKAPE, has raised an undisclosed amount of Series A funding from Inventus Capital Partners and the HR Fund. The investment will be used to expand in international markets for product innovation and building global partnerships.
Advanced Structures India: GirnarSoft made a strategic investment in car testing and benchmarking startup Advanced Structures India. This development will help Girnarsoft to leverage ASI’s expertise to significantly improve car search experience on its portfolio of auto sites that will objectively showcase metrics and scores.