The trio announced this morning that their B2B e-commerce startup Udaan had raised $225 million in Series C funding. The cash infusion, according to Indian media reports, makes Udaan the fastest-ever Indian startup to be valued at over $1 billion.
View More Udaan, the e-commerce startup led by three former Flipkart executives, raises $225MCategory: Flipkart
What I learned from Flipkart
Two weeks ago, Walmart concluded its investments to acquire a majority stake in Flipkart. This is one of the largest transactions in e-commerce and in the internet space globally, with Walmart deploying US$16 billion to obtain an approximate 77% shareholding at closing. As part of this transaction, my company, Naspers, exited fully, selling our 11.18% stake for $2.2 billion.
View More What I learned from FlipkartWalmart completes its $16 billion acquisition of Flipkart
Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed back in May and now it has closed after receiving the necessary approvals. It sees Walmart take a 77 percent share in the company, […]
View More Walmart completes its $16 billion acquisition of FlipkartGlobal unicorn exits hit multi-year high in 2018
Unicorn exits are taking flight. With the IPO window wide open, an apparent record number of venture-backed companies privately valued over $1 billion have launched public offerings this year.
View More Global unicorn exits hit multi-year high in 2018India’s Hansel raises $4M to bring its app development platform to the US
Hansel, an India-based startup that enables more agile product development inside companies, has pulled in $4 million as it seeks to expand its business to the U.S.. The startup was founded in 2015 and it operates a real-time mobile app development platform that simplifies the process of product iteration inside companies. That’s to say that […]
View More India’s Hansel raises $4M to bring its app development platform to the USEBay paid $573M to buy Japanese e-commerce platform Qoo10, filing reveals
EBay is a very distant second behind Amazon when it comes to e-commerce sales in the U.S., but abroad — and in particular in Asia — it is willing to invest to grow its footprint in a targeted way. In February, eBay paid a total of $573 million to acquire Qoo10, a Japanese sales platform, […]
View More EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing revealsWalmart acquiring Shopify is no longer a laughable idea
As competition between Walmart and Amazon intensifies, the acquisition of Shopify’s merchant marketplace may be the boost that the Walton family’s juggernaut needs to move ahead.
View More Walmart acquiring Shopify is no longer a laughable ideaNaspers is in talks to invest in Southeast Asia’s Carousell
Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions. Carousell offers a mobile app that combines listings with peer-to-peer selling across Southeast Asia, Taiwan and Hong Kong. That makes it well-aligned with Naspers’ portfolio, […]
View More Naspers is in talks to invest in Southeast Asia’s CarousellCapitalG leads $21.5M investment in Aye Finance, its first deal in India
India is a major part of Google’s global focus. The company launched a new product in India last week as its program to bring free WiFi to the public registered its 400th railway station. Now, the U.S. tech giant is continuing to deepen its focus after CapitalG — its venture arm formerly known as Google Capital — […]
View More CapitalG leads $21.5M investment in Aye Finance, its first deal in IndiaEquity podcast: Robinhood raises, Flipkart exits and MoviePass is running out of cash
Hello and welcome back to Equity, TechCrunch’s venture capital-themed podcast where we unpack the numbers behind the headlines. This week Matthew Lynley, Connie Loizos and myself were joined by Villi Iltchev, a partner at August Capital. It was good that we had a full crew on deck, as the news flew thick and varied this week. In honor of […]
View More Equity podcast: Robinhood raises, Flipkart exits and MoviePass is running out of cashTiger Global Management is killing it right now
It took some time, but Tiger Global Management is starting to wring some serious paydays out of its tech investments. In one of its biggest wins to date, the secretive, 16-year-old, New York-based hedge fund is reportedly set to make roughly $3 billion off Flipkart, the India-based e-commerce juggernaut that’s selling a majority stake in […]
View More Tiger Global Management is killing it right nowWalmart says Flipkart is ‘a key center of learning’ for its entire global business
Walmart has opened up on the thinking behind its $15 billion majority investment in Flipkart, and perhaps the most interesting facet is that the retailer plans to export ideas from the Indian e-commerce firm to the rest of its global business, including the U.S.. Walmart’s decision to follow Amazon into India is a testament to huge potential growth […]
View More Walmart says Flipkart is ‘a key center of learning’ for its entire global business