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<keyword id="212412" type="COMPANY" weightage="20" keywordseo="Tencent">Tencent</keyword>, <keyword id="6357395" type="CITY" weightage="20" keywordseo="eBay">eBay</keyword>, and <keyword id="10387" type="CITY" weightage="100" keywordseo="Microsoft">Microsoft</keyword> have made investments aggregating to $1.4 billion in <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword>, India’s leading online marketplace. The latest funding round from the three global technology giants, at a post-transaction valuation of $11.6 billion, adds to an existing group of marquee investors that include Tiger Global Management, Naspers Group, Accel Partners and DST Global. 
 
Flipkart announced the feat in a blog post. 
 
<blockquote class="twitter-tweet" data-lang="en">
	
		Proud to announce the largest investment in <a href="https://twitter.com/Flipkart">@Flipkart</a> history ! <a href="https://t.co/ktwy39H3WW">https://t.co/ktwy39H3WW</a> <a href="https://twitter.com/TencentCorp">@TencentCorp</a> <a href="https://twitter.com/eBay">@eBay</a> <a href="https://twitter.com/Microsoft">@Microsoft</a> <a href="https://twitter.com/hashtag/FlipkartBigWin?src=hash">#FlipkartBigWin</a>
	— binnybansal (@binnybansal) <a href="https://twitter.com/binnybansal/status/851364335268057088">April 10, </a></blockquote>
<blockquote class="twitter-tweet" data-lang="en">
	&#xa0;</blockquote>
Tencent, a leading provider of internet value-added services in China, joins as a strategic investor, bringing experience in linking social networking and e-commerce. Tencent will lend significant expertise to Flipkart as it furthers its leadership position across the e-commerce market in India. 
 
<a href="http://www.businessinsider.in/exclusive-an-angel-investor-whose-midas-touch-with-crypto-currency-is-redefining-the-future-of-start-up-investments/articleshow/58062121.cms">ALSO READ: Exclusive: An Angel investor whose Midas touch with Crypto-currency is redefining the future of start-up investments</a> 
 
“This strategic partnership enables Tencent to participate in the exciting opportunities in e-commerce and payments in India. We look forward to helping Flipkart to deliver compelling experiences to users throughout India, and to contribute to the development of the internet ecosystem there,” said Martin Lau, Tencent President. 
 
<keyword id="161767" type="COMPANY" weightage="20" keywordseo="eBay-India">eBay India</keyword> is now part of the <keyword id="3515858" type="UNKNOWN" weightage="20" keywordseo="flipkart-group">Flipkart Group</keyword> 
 
The investment by eBay is accompanied by a strategic commercial agreement with Flipkart. In exchange for an equity stake in Flipkart, eBay is making a cash investment in and selling it's eBay.in business to Flipkart. eBay.in will continue to operate as an independent entity as a part of Flipkart. 
 
<a href="http://www.businessinsider.in/exclusive-ace-angel-investor-sanjay-mehtas-true-life-experiences-that-makes-his-investments-in-startups-fool-proof/articleshow/58061818.cms">ALSO READ: Exclusive: Ace Angel Investor Sanjay Mehta’s true-life experiences that make his investments in startups fool-proof</a> 
 
<keyword id="2969294" type="UNKNOWN" weightage="20" keywordseo="Flipkart-eBay">Flipkart eBay</keyword> “The combination of eBay’s position as a leading global e-commerce company and Flipkart’s market stature will allow us to accelerate and maximize the opportunity for both companies in India,” said <keyword id="375695" type="PERSON" weightage="20" keywordseo="Devin-Wenig">Devin Wenig</keyword>, President, and CEO of eBay Inc. 
 
Flipkart and eBay have also signed an exclusive cross-border trade agreement, as a result of which customers of Flipkart will gain access to the wide array of global inventory on eBay, while eBay’s customers will have access to unique Indian inventory provided by Flipkart sellers. Thus, sellers on Flipkart will now have an opportunity to expand their sales globally. 
 On its ten-year odyssey, the Flipkart Group has grown to encompass <keyword id="319719" type="COMPANY" weightage="20" keywordseo="Myntra">Myntra</keyword> and Jabong, India’s leading online fashion destinations, and PhonePe — the leading UPI-based app that provides a cashless and seamless payment experience. Flipkart’s success has also emboldened a generation of Indian startups and entrepreneurial ventures, fanning the zeal of entrepreneurs and attracting big investments in the sector.

Flipkart announces raising $1.4 billion from Tencent, eBay & Microsoft, and acquires eBay India

Some of the Indian startups such as <keyword id="6354742" type="COMPANY" weightage="80" keywordseo="Flipkart">Flipkart</keyword> and <keyword id="541988" type="COMPANY" weightage="80" keywordseo="SnapDeal">Snapdeal</keyword> have already made their mark in the industry in terms of gross revenue earnings. Now, cab aggregator <keyword id="6354720" type="PERSON" weightage="80" keywordseo="Ola">Ola</keyword> will soon be joining the league. The online cab aggregator might earn gross revenue of $1 billion (Rs 6,364 crore) by the next quarter. 
 The Bengaluru-based company is expanding rapidly to smaller towns and cities after it has acquired rival <keyword id="1428790" type="COMPANY" weightage="80" keywordseo="TaxiforSure">TaxiForSure</keyword> in March. It aims to provide 5 lakh trips every day in the next three months to reach the $1 billion revenue target, three company executives told the Economic Times. 
 
This will make it only the third Indian startup after e-Commerce companies Flipkart and Snapdeal to have crossed the coveted milestone. 
 "$1 billion run rate looks achievable in the next quarter," said one of the senior executives. According to one of the persons quoted above, Ola, which raised $400 million (Rs 4,456 crore) last month led by Russian billionaire <keyword id="303107" type="PERSON" weightage="80" keywordseo="Yuri-Milner">Yuri Milner</keyword>'s <keyword id="794823" type="COMPANY" weightage="80" keywordseo="DST-Global">DST Global</keyword> and is preparing for another round of fund raising that could close in the next four months. 
 
"In the next 12 months it will be a $10-billion (Rs 63,640 crore) valuation company," the source said. 
 
However, a spokesman for Ola declined to comment on the latest developments. 
 
The four-year-old company was valued at $2.4 billion in its last round of funding. It has received around $700 million in funding from a slew of marquee investors. 
 
The online cab aggregator has revenue run rate of around $450-500 million. It has to maintain its rapid pace of growth, estimated at over 10% every week, even as it expands to 200 cities in the coming months. The company sources that ET spoke to said both Ola and TaxiForSure together clock up about 2.3 lakh trips per day. 
 
 Moreover, Ola's spurt in revenues is being aided by the rapid growth being registered by TaxiFor-Sure — which has doubled revenue in the two months since it was bought by Ola. Earlier this month, TaxiForSure announced that it completed 10 million rides. 
 Ola has plans to expand its base further as it is also expecting a revenue spurt from new services such as delivery of food, which it introduced earlier this year. It is also looking to tap the <keyword id="1186907" type="UNKNOWN" weightage="60" keywordseo="grocery-business">grocery business</keyword> and is training about 90 delivery boys in Bangalore to launch the service. 
 
(Image: Reuters)

Ola is doing a good job! Its gross revenue to reach $1-billion by next quarter

India just had the most investment-starved second quarter since 2013. The total value of deals is down by 62% from $6.1 billion from the same period last year to $2.2 billion in Q2 CY16, according to News Corp VCCEdge. 
 
On a half yearly basis, <a href="http://www.businessinsider.in/searchresult.cms?query=Private+equity&amp;sortorder=effectivedate">private equity</a> deals slipped as much as much as 46% in the first half of this year. Only 643 <keyword id="34499" type="POSITION" weightage="80" keywordseo="private-equity">Private equity</keyword> deals were cracked, worth over $5.8 billion. The deal volume also slipped by 13% from 737 deals last year. While the number of deals are up in Information Technology, the total value has come down a bit from last year. 
 
Interestingly, 2016 saw an uptake in <a href="http://www.businessinsider.in/searchresult.cms?query=angel+investments&amp;sortorder=effectivedate">angel investments</a>. Seed and <keyword id="1848628" type="UNKNOWN" weightage="80" keywordseo="angel-investments">Angel investments</keyword> grew by 16% to 368 deals in the January-June period this year from 317 deals a year ago. The total deal value, however slipped by 25% to $100 million from $134 million. This suggests risk aversion and more judicious funding calls by investors. 
 
Venture and late stage capital declined significantly. The figures are down by 55% in the first half of this year. The deal volume has also slipped 44%. 
 
The rush of capital for Indian startups began way back in 2014. <a href="http://www.businessinsider.in/searchresult.cms?query=Flipkart&amp;sortorder=effectivedate">Flipkart</a> raised a whopping $1 billion in July 2014, and after Chinese e-commerce giant <a href="http://www.businessinsider.in/searchresult.cms?query=Alibaba&amp;sortorder=effectivedate">Alibaba</a> successfully listed its stock in the US markets, <a href="http://www.businessinsider.in/searchresult.cms?query=e-commerce+startups&amp;sortorder=effectivedate">e-commerce startups</a> across the world got a boost globally. <keyword id="163404" type="COMPANY" weightage="40" keywordseo="Softbank">SoftBank</keyword>, which benefited from Alibaba’s IPO lavished attention to what it thought were promising Indian startups. 
 
With a couple of failures, and the financial downturn, the mood has changed A handful of hedge funds are now making new investments. The global internet investors like <a href="http://www.businessinsider.in/searchresult.cms?query=Softbank&amp;sortorder=effectivedate">Softbank</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=DST+Global&amp;sortorder=effectivedate">DST Global</a> are however quieter. 
 
<a href="http://wallpapercave.com/wp/kFWtfAJ.jpg">Image Source</a>

India's Startups just had the worst second quarter since 2013

Leading investor and trader <keyword id="6398943" type="PERSON" weightage="100" keywordseo="Rakesh-Jhunjhunwala">Rakesh Jhunjhunwala</keyword> has commented on the much-publicised debate on online vs offline prospects of the retail markets of India. 
 
"Most of the big companies globally have been built from the profit of cash flow and not investors' money. I would like to see online companies with a profitable model and there isn't any. I will believe in it when they sell at an economic price," Jhunjhunwala said while speaking at the Retail Leadership Summit in Mumbai. 
 "I will consider buying <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword>'s stake if it is valued at $100 million," said the founder of Rare Enterprises in a lighter mood. Flipkart’s founder Sachin Bansal was also present at the event. 
 
After raising $210 million from DST Global and Tiger Global Management in May 2014, Flipkart's valuation has swelled five times, presently standing at $15 billion. 
 
In comparison to Flipkart’s big money, offline retailers like Shoppers Stop, Tata's Trent and 3 listed retail entities of Future Group have a combined valuation of less than $3 billion. 
 
India's ecommerce market, which is expected to see its peak time in coming years, would rise to $50 billion by FY20. It presently stands at $12 billion, as per the Boston Consulting Group. 
 
At this point, many online retailers go through years of operating losses, because of high initial investments and heavy discounts offered to attract consumers. So much so that over the past few months, some online retailers have avoided heavy discounts so that they can shore up their finances. 
 
And now, most offline retailers plan to set up portals where they can sell their products online. As per a report from BCG-Retailers Association of India, Internet users are expected to grow to 650 million by 2020, which means that digital influence would be a mightier pervasive force, leading to retailers reinventing themselves. 
 
However, because of less discounts, people are moving back to offline stores. As told yesterday, it’s a good time for <a href="http://www.businessinsider.in/Brick-and-mortar-retail-stores-shine-again-as-online-sellers-avoid-heavy-discounts/articleshow/50928440.cms">brick and mortar retailers</a> because of less online discounts being a turnoff for customers. 
 
<a href="https://pbs.twimg.com/media/B5sfPbcCUAAFqyJ.jpg:large">Image source</a>

India’s biggest investor, Rakesh Jhunjhunwala isn’t very happy about the Indian e-commerce players!

<a href="http://www.businessinsider.in/searchresult.cms?query=Japan%E2%80%99s+SoftBank+">Japan’s SoftBank</a> might provide a <keyword id="6357455" type="EVENT" weightage="60" keywordseo="Funding">funding</keyword> of Rs 650 crore ($100 million) to Grofers, a quick-delivery service for groceries and electronics from neighbourhood stores. 
 The Gurgaon-based startup is in talks with investors including <keyword id="163404" type="COMPANY" weightage="100" keywordseo="Softbank">SoftBank</keyword>, according to two people aware of the development. 
 The company is looking to close the round at a valuation of between $300 million and $400 million, said a <keyword id="6357097" type="COMPANY" weightage="100" keywordseo="venture-capital">venture capital</keyword> investor. 
 
If the deal fructifies, it will mark an over ten-fold increase in valuation and the third round of funding this year for Grofers, which was valued at $33 million in February in its first major round quickly followed by another round in April, taking its total venture funding to $46.5 million. 
 Grofers, founded in December 2013, has also held talks with Russian billionaire Yuri Milner's DST Global. But SoftBank, whose president is the India-born former <keyword id="6355629" type="CITY" weightage="100" keywordseo="Google">Google</keyword> executive Nikesh Arora, is now in talks to lead the round, sources said. 
 
The new fundraising comes as Grofers, founded by IIT graduates Dhindsa and Saurabh Kumar, gets ready to compete in the so-called hyperlocal delivery space with larger players such as <a href="http://www.businessinsider.in/searchresult.cms?query=Flipkart%2C+Snapdeal+and+JustDial+">Flipkart, Snapdeal and JustDial</a> besides grocery delivery firms like BigBasket and PepperTap. 
 
Softbank most aggressive when it comes to invest in Indian startups: Over the past year, SoftBank has become the <a href="http://www.businessinsider.in/searchresult.cms?query=investor">most aggressive investor in Indian startups, backing Snapdeal, Ola, Housing and Oyo</a> with over $1 billion in total funding. SoftBank founder Masayoshi Son pledged last year to invest $10 billion in India over a decade. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Grocery+">Grocery accounts</a> for over 70% of India's total retail market of $350 billion, according to a recent report on the Indian Internet market by IIFL. "Our interactions indicate that the top three brick-and-mortar grocers invested $2-3 billion in the past three years. Despite such <keyword id="6362476" type="ORGANIZATION" weightage="40" keywordseo="investments">investments</keyword>, the share of organised grocery retailing remains low. This provides a significant opportunity for an online grocer," said the report. 
 Competition in hyperlocal grocery service: India's largest online retailer has started piloting its hyperlocal grocery service, <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword> Nearby, while <keyword id="541988" type="COMPANY" weightage="100" keywordseo="SnapDeal">Snapdeal</keyword> recently bought a stake in PepperTap by participating in its $36-million round. <a href="http://www.businessinsider.in/searchresult.cms?query=Grocery+">Paytm</a>, backed by China's Alibaba Holdings, also has a grocery app while Amazon has been experimenting hyperlocal delivery with kirana stores. 
 Grofers raised $36 million in April this year from venture capital firm <keyword id="270604" type="ENTERTAINMENT" weightage="80" keywordseo="Sequoia">Sequoia</keyword> Capital India, New York-based investment firm Tiger Global Management and Apoletto Asia, the personal investment vehicle of DST Global's Milner. 
 
(Image: Indiatimes)

SoftBank is likely to invest in Grofers! In talks to raise Rs 650 crore

In a fresh round of fund raising, Indian <keyword id="35621" type="UNKNOWN" weightage="100" keywordseo="e-commerce">e-commerce</keyword> giant <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword> has raised $500-600 million. This has increased the company’s valuation to $10 billion. The funding was led by Tiger Global, South Africa’s Naspers, DST Global and others. 
 
This is Flipkart’s third fund-raising event this year. It had received $210 million earlier this year. 
 
“Although there was a lot of interest from new investors, Flipkart was not keen on raising more money at this point. This new round is largely being done by the large existing investors,” a source told The Times of India. 
 This latest round of fund raising is likely to give the company an edge over its rivals <keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword> and <keyword id="541988" type="COMPANY" weightage="60" keywordseo="SnapDeal">Snapdeal</keyword>, which have been giving it a tough competition. Amazon had recently invested $2 billion to promote its growth in India. Snapdeal, too, had garnered $627 million from Japan’s Softbank.

Flipkart Raises $500-600 Million; Now Valued At $10 Billion

<div class="KonaFilter image-container float_right click-to-enlarge"><div class="image"><a title_source="Getty Images" title_caption="Flipkart founders" class="zoomin" href="https://static-ssl.businessinsider.com/image/53d7dc79ecad04b61450a0ff-960/88869429.jpg"></a>Getty ImagesFlipkart founders</div></div>Indian e-commerce giant Flipkart is in talks to raise $600 million in a new round of financing, <a href="http://economictimes.indiatimes.com/industry/services/retail/flipkart-in-talks-to-raise-around-600-million/articleshow/46759669.cms">according to The Economic Times. </a>The report didn't mention any specific investors involved in the round, but it did say Flipkart is looking at a valuation that's higher than its last, which was about $12 billion.This comes just after Flipkart raised $700 million in December from Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates and Qatar Investment. The company's existing investors, DST Global, GIC, ICONIQ Capital and Tiger Global, also contributed to that round.Flipkart also <a href="http://www.businessinsider.com/former-amazon-executives-flipkart-2014-7">raised $1 billion last July</a> in a round that included Singapore sovereign-wealth fund GIC and existing investors Tiger Global Management LLC, Accel Partners, and Morgan Stanley Investment Management. <a href="http://www.businessinsider.com/google-veteran-punit-soni-joins-indian-amazon-competitor-flipkart-2015-3">Flipkart</a> is India's largest online marketplace in terms of sheer sales numbers.Founded by two former Amazon employees in 2007, the company has 33,000 employees and 10 million daily visits with 3,000 merchants selling products. It had a head start in the Indian online marketplace over Amazon, which didn't open its official online store in India until June 2013. Still, Amazon has more merchants selling products on its platform (5,000 versus Flipkart's 3,000).It's unclear how Flipkart would use the new funding, but last July the company said it would use its $1 billion round to sell more mobile products. Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/charge-iphone-faster-apple-battery-life-2015-2">How to supercharge your iPhone in only 5 minutes</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="9hdGRuczob3nOr91AW6QS6gV7dw6BzKX" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Indian startup Flipkart may be raising another $600 million to crush Amazon 

NEW DELHI: A day after Flipkart announced raising $1 billion in funds, e-commerce giant <keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword> on Wednesday said that it will invest an additional $2 billion in India to support its growth in the country. 
 "After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed our expectations," said <keyword id="191583" type="PERSON" weightage="60" keywordseo="Jeff-Bezos">Jeff Bezos</keyword>, founder and CEO of <keyword id="6391410" type="CITY" weightage="40" keywordseo="Amazon-com">Amazon.com</keyword>. 
 "We see huge potential in the <keyword id="6356076" type="UNKNOWN" weightage="40" keywordseo="indian-economy">Indian economy</keyword> and for the growth of e-commerce in India. With this additional investment of $2 billion, our team can continue to think big, innovate, and raise the bar for customers in India," Bezos said. "At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross sales. A big 'thank you' to our customers in India - we've never seen anything like this," he added. 
 
Amazon, which just announced second-quarter loss of $126 million, has become increasingly aggressive in India. In about 13 months it has launched 28 categories of products and has grown to host 8,500 merchants on its platform. 
 
Meanwhile, Flipkart, which raised $1 billion from a group of investors including Tiger Global, Naspers and Singapore's GIC, is the largest online retailer in the country. It reached $1 billion in sales last fiscal and, according to sources, is on track to breach the $3 billion mark this fiscal. And Flipkart now has a marketing budget that is in the millions of dollars. 
 The seven-year-old company has so far raised over $1.7 billion in risk capital. In May, it sucked in $210 million led by Russian billionaire Yuri Milner's DST Global a few days after announcing its acquisition of fashion portal <keyword id="319719" type="COMPANY" weightage="40" keywordseo="Myntra">Myntra</keyword> for an estimated $370 million. 
 "This <keyword id="6357455" type="EVENT" weightage="40" keywordseo="Funding">funding</keyword> ensures that Flipkart can now invest in building on the promise they have shown," said Arvind Singhal, chairman of retail advisory firm Technopak.

Amazon To Invest $2 billion In India, A Day After Flipkart's $1 Billion Funding

New York-based hedge fund <keyword id="60126" type="ORGANIZATION" weightage="80" keywordseo="Falcon">Falcon</keyword> Edge and <keyword id="6357722" type="COMPANY" weightage="80" keywordseo="silicon-valley">Silicon Valley</keyword> venture fund <keyword id="144381" type="COMPANY" weightage="80" keywordseo="Accel-Partners">Accel Partners</keyword> are expected to join DST Global which is leading a soon-to-be-announced $400-million financing round in taxi hailing service <keyword id="6354720" type="PERSON" weightage="80" keywordseo="Ola">Ola</keyword>, sources close to the matter told TOI. 
 Falcon Edge is expected to pump in around $20 million in the new round while <keyword id="2788417" type="UNKNOWN" weightage="80" keywordseo="Accel-US">Accel US</keyword> will put $5 million, sources said. Accel US was an investor in TaxiForSure (TFS) and became an Ola shareholder post its recent acquisition. Ola's other existing investors -including Tiger Global, Matrix Partners, <keyword id="6497288" type="UNKNOWN" weightage="80" keywordseo="Steadview-Capital">Steadview Capital</keyword> --are also participating in the new financing round. 
 
 The latest fund-raise is likely to value the company at $2.5 billion post the investment, as reported by this newspaper first in its February 26 edition. Russian billionaire <keyword id="303107" type="PERSON" weightage="80" keywordseo="Yuri-Milner">Yuri Milner</keyword>'s DST, a significant investor in e-commerce biggie Flipkart, is expected to hold just under 10 per cent stake in the four-year-old company , post the new round. 
 
 When contacted by TOI, Bhavish Agarwal, co-founder, Ola, did not offer any comments, while Falcon Edge could not be reached immediately for a response. Founded by <keyword id="2566840" type="UNKNOWN" weightage="80" keywordseo="Richard-Gerson">Richard Gerson</keyword> together with <keyword id="2788418" type="UNKNOWN" weightage="80" keywordseo="Navroz-D-Udwadia">Navroz D Udwadia</keyword> and James Minshull, Falcon Edge leads the pack of a new breed of <keyword id="42111" type="COMPANY" weightage="80" keywordseo="Wall-Street">Wall Street</keyword> hedge funds, a Tiger Global offshoot, managing more than $4 billion in assets. Its India <keyword id="6362476" type="ORGANIZATION" weightage="80" keywordseo="investments">investments</keyword> include realty portal <keyword id="35061" type="ORGANIZATION" weightage="80" keywordseo="housing">Housing</keyword> and <keyword id="2112984" type="UNKNOWN" weightage="80" keywordseo="Newshunt">NewsHunt</keyword>, a mobile news aggregation service. 
 
 
Hedge funds like Falcon Edge, Valiant Capital and Steadview Capital, among others, funneled big money into Indian consumer internet companies last year, fanning the already frothy valuations of these tech startups. 
 The latest round of fundraise for Ola, founded by IITBombay batchmates Aggarwal and Ankit Bhati in 2011, would put it right up in <keyword id="819204" type="UNKNOWN" weightage="80" keywordseo="the-League">the league</keyword> of the most valuable internet firms domestically .Ola's $210-million fund-raise led by <keyword id="163404" type="COMPANY" weightage="60" keywordseo="Softbank">SoftBank</keyword> in October last year valued it at $650 million -post-money -making the Japanese investor the startup's largest investor. 
 
The cab aggregator is present across 67 cities and has received $277 million of capital across five financing rounds. Its biggest competitor taxi-hailing app Uber had stepped on the gas in India by doling out huge discounts to riders. However, its growth has stalled considerably post the rape of a female passenger by one of its drivers last year in Delhi.

Ola Cabs to receive $400mn funding soon

<ul><li>The logistics tech startup has raised $395 million with a renewed valuation of $1.6 billion. </li><li>SoftBank has reportedly picked up a stake of 22.4% in the company. </li><li>Other investors include Carlyle Group and Fosun International. </li></ul>After months of speculation, logistics tech startup Delhivery has finally joined the <keyword id="3009432" type="PERSON" weightage="20" keywordseo="unicorn-club">unicorn club</keyword> after raising $395 million from <a href="https://www.vccircle.com/softbank-carlyle-invest-395-mn-as-delhivery-joins-unicorn-club/">SoftBank</a>. The latest round of funding takes Delhivery’s valuation to $1.6 billion. Last week, the company and its investors made headlines after SoftBank received the approval from Competition Commission of India to take hold of 22.4% stake in Delhivery. Other investors in the round include US-based private equity firm Carlyle Group and Chinese conglomerate Fosun International. Delhivery also has Tiger Global, Nexus Venture Partners and and Times Internet as its investors. SoftBank-Delhivery talks had been going on since <a href="https://inc42.com/buzz/softbank-may-invest-245-mn-to-lead-delhivery-to-unicorn-club/">last year</a>, with a lot of back-and-forth between the duo regarding the stakes in the company. Delhivery had also been contemplating an Initial Public Offering, which will now be put on hold with the new investment. The logistics solutions company founded by Sahil Barua, Mohit Tandon, Suraj Saharan, Kapil Bharti and Bhavesh Manglani, had managed to create a stronghold in India with its partnership with e-commerce unicorns like Flipkart and Paytm among others. Japan-based SoftBank has a strong presence in India with investments in multiple unicorns and startups in the country. The SoftBank Vision Fund concentrates on Indian startups, with the firm having earlier said they had missed the bus on many Indian startups because of not having an India office. “Investors like Tiger Global, Sequoia Capital and DST Global spotted these companies at the right time. We were a tourist investor. So opening an office lets us handhold our companies closely. We missed them before they became unicorns, which we did not with Oyo and Policybazaar. We want to put $100 million when these companies are valued at $500 million,” SoftBank executive VP Rajeev Misra had told <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/missed-many-unicorns-as-we-were-tourist-investors-softbank/articleshow/68089128.cms">ET.</a> See Also: <a href="https://www.businessinsider.in/swiggy-and-bigbasket-will-battle-softbank-and-mukesh-ambani-in-online-grocery/articleshow/68204293.cms">Online grocers are back in business in India with billions more to burn – and that may be good for consumers</a> <a href="https://www.businessinsider.in/oyo-rooms-eyeing-acquisition-of-freshmenu/articleshow/68112104.cms">Oyo wants a bite of foodtech, may acquire Freshmenu: Report</a>

Delhivery becomes India’s first unicorn in 2019, thanks to SoftBank

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>Stripe is is rumoured to be in talks to raise a new funding round that could see the payments firm reach a valuation of $5 billion (£3.2 billion). There is no single consensus on how much Stripe is looking to raise. <a href="http://recode.net/2015/05/20/stripe-to-land-5-billion-valuation-in-new-investment/">Re/Code reported</a> that Stripe is in talks to raise new funding at a valuation of around $5 billion (£3.2 billion). A <a href="http://techcrunch.com/2015/05/20/stripe-in-talks-for-up-to-500-million-in-new-funding/">TechCrunch source</a> noted that the round could be as big as $500 million (£320 million), adding that Russian billionaire Yuri Milner's DST Global is thought to be one of the leading investors in the deal. Milner has also invested in Facebook and Twitter, and more recently Indian companies FlipKart and Ola Cabs. A Stripe spokesperson declined to comment on the funding rumours. Stripe's software makes it really easy for website owners and app developers to take almost any kind of payment method, including credit cards, bitcoin, and Apple Pay.Back in December the company was <a href="http://www.bloomberg.com/news/articles/2014-12-02/apple-pay-partner-stripe-valued-at-3-5-billion-in-new-funding">valued at $3.5 billion</a> (£2.2 billion) and has raised $190 million (£120 million) in funding so far from the likes of PayPal founders Elon Musk and Peter Thiel, Andreessen Horowitz, and Sequoia Capital. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/kids-choose-between-iphone-and-samsung-2015-4">Kids settle the debate and tell us which is better: an Apple or Samsung phone</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="JuZ2ppdDqpnTN4qk0JxJdpt7pBWqTiaj" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

You Searched For "dst global flipkart" and got 11 results

Flipkart announces raising $1.4 billion from Tencent, eBay & Microsoft, and acquires eBay India

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India’s biggest investor, Rakesh Jhunjhunwala isn’t very happy about the Indian e-commerce players!

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SoftBank is likely to invest in Grofers! In talks to raise Rs 650 crore

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Flipkart Raises $500-600 Million; Now Valued At $10 Billion

BI India Bureau

Indian startup Flipkart may be raising another $600 million to crush Amazon

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Amazon To Invest $2 billion In India, A Day After Flipkart's $1 Billion Funding

Economic Times

Ola Cabs to receive $400mn funding soon

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Delhivery becomes India’s first unicorn in 2019, thanks to SoftBank

Sanchita Dash

It looks like Stripe is raising a really big funding round

Lucy England

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