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

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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

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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

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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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