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.
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.
03/09/24, 10:59 AM
Location
bangaloreMoney raised
$150 million
Industry
software
commerce and shopping
Round Type
series a
Investors
Elev8, Jungle Ventures
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.
Company Info
Location
bangalore, karnataka, india
Additional Info
At Flipkart, we're driven by our purpose of empowering every Indian's dream by delivering value through innovation in technology and commerce. With a customer base of over 350 million, product coverage of over 150 million across 80+ categories, a focus on generating direct and indirect employment and a commitment to empowering generations of entrepreneurs and MSMEs, all driven by a sustainable growth strategy – Flipkart is maximising for customers, stakeholders, and the planet at large!