Flipkart is in talks to sell a small stake to Bennett, Coleman and Co. Ltd (BCCL) in a $75 Mn (INR 500 Cr) deal. Under the proposed deal, Flipkart will issue shares to BCCL in return for cash and ads over several years in its media properties such as The Times of India & The Economic Times newspapers and ET Now & Times Now channels.
This week, 21 startups raised about $50 Mn in funding altogether (the funding amount is based on the startups that disclosed their funding amounts).
Startups That Raised Funds This Week
Kyazoonga: Ratan Tata invested an undisclosed amount in entertainment and sports ticketing company Kyazoonga. The startup will use the funds to expand into international markets including the United States, West Asia, Pakistan and the Caribbean Islands.
Shopwati: An online fashion community Shopwati raised an undisclosed amount of seed funding from Sanjiv Rai of SRKK Advisors. The startup plans to utilise the raised capital to fund its next phase of technology development and reach out to customers & vendors in cities outside Delhi.
Kickstart Jobs: Entry-level talent acquisition startup Kickstart Jobs raised an undisclosed amount in seed funding round led by ah! Ventures. The round also saw participation from Vivek Joshi – Founder, Wyzen Tech; Mohit Satyanand – Chairman, Team Works Art; Amit Banati – President (Asia Pacific), Kellogg’s; Arun Khanna – President (Asia), Dun and Bradstreet and a few others.
MadRat Games: The wearable gaming platform MadRat Games raised fresh funds from investors including Ratan Tata, Bhavish Aggarwal, Ankit Bhati, Binny Bansal, and Girish Mathrubootham. The startup has also launched the prototype of SuperSuit for which it has now opened the early bird registrations.