Funding & Acquisitions

Funding & Acquisitions

Right after acquiring Mynrta, Flipkart has raised $210M from DST Global & existing investors Tiger Global, Napsers, & Iconiq Capital. Earlier this week, Flipkart had mentioned that it plans to invests $100M into Myntra. It’s unclear where else the company plans to invest in. Link


Mobile ecomm platform Jiffstore has raised investment from Unitus Seed Fund. While financial details were not disclosed, Unitus Seed Fund typically invests between $50k-$150k. Funds will be used to develop its tech platform and expand its base of small shops. Previously, it had raised Rs 10L for 10% stake for being part of TLabs. Link


Online exam preparation platform Toppr has raised $2M from Saif Partners & Helion Ventures. Funds will be used in developing content and cracking new distribution channels. The company claims that it has 8000 registers users. Link


Kakao Corp (KakaoTalk) & Daum will merge through an equity swap, creating a company with a ~$2.9B market cap. If the deal goes through a combined company will be listed in October. or Daum, the deal represents a chance to expand its mobile offerings. Kakao will now have more source of income besides its mobile game platform, which has enabled the company to become profitable. Link


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