India’s e-commerce giant Flipkart On 29 July 2014 announced that it raised $1 billion from Tiger Global Management LLC, Accel Partners, and Morgan Stanley Investment Management and a new investor Singapore sovereign-wealth fund GIC. This $1 billion funding of Flipkart was biggest funding ever by any Indian startup in history. Earlier in May this year, the e-commerce giant had already raised $210 million from Yuri Milner’s DST Global and its existing investors Tiger Global, Naspers and Iconiq Capital.
In October 2014, Snapdeal received its 6th round of funding from Softbank with investments worth $627 million in fresh capital. This makes SoftBank the largest investor in Snapdeal followed by eBay. After Flipart’s billion-dollar funding, SnapDeal was in lot of pressure as a competition thereafter Japanese telecom giant Softbank came to India in October with bagfuls of cash to invest in Indian startups and luckily chose SnapDeal at its primary portfolio company from India.
After SnapDeal, Ola was second investment portfolio company of Softbank in India. In October, Japan’s Softbank pumped in whopping US$210 million in Ola Cabs making the online cab booking startup become strong enough to compete against global players like Uber. Softbank’s investment in Ola is secong funding for Ola this year as earlier the startup had raised US$41.5 million already.
After famous billion-dollar funding of Flipkart in July, the Bangalore based e-commerce giant in the year-end again grabbed fresh $180 million in third round of funding led by Hongkong-based investment firm Steadview Capital which made the e-commerce startup among World’s 5 biggest startups in the world as this funding allowed Flipkart’s to be valued at $11 billion or roughly Rs 69,000 crore.
In March 2014, online and mobile classifieds venture Quikr has raised $90 million from a group of investors led by Swedish investment firm Investment Kinnevik. It was fifth major funding round – and the seventh in total – for the Gurgaon-based startup. The funding gave boost to Quickr to give tough competition to its rivals in India and primarily OLX. Earlier Quickr had raised $60 million funding led by Tiger Global Management.
In December 2014, the two-year-old Mumbai-based real estate portal Housing.com has raised $90 million (Rs.574 crore apprx.), combined from Japan’s Softbank and existing investors like Nexus Venture, Helion Venture as well as the venture capital arm of telecom company Qualcomm. New investors such as Falcon Edge and Russian billionaire Yuri Milner’s DST Global also participated in the funding round.
Housing.com has raised a total of over $121 million since its inception and the startup is now valued at about $250 million.
In August 2014, Indian messaging app Hike raised US$65 million led by Tiger Global Management along with participation from Bharti SoftBank (BSB), a joint venture of Bharti Enterprises and Japan’s Softbank Corporation. Till date, this series C round of funding by Hike was the largest round of funding by messaging startup. Hike is Indian answer to global messaging app like WhatsApp, Line, and WeChat.
In November 2014, online restaurant discovery tool Zomato closed US$60 million round of funding at a post-money valuation of ~US$660 million. This round was led jointly by Info Edge and Vy Capital along with existing investor Sequoia Capital. This takes Zomato’s total funding to over US$113 million. Info Edge now owns 50.1% of Zomato.
In July 2014, Mumbai-based Hungama Digital Media Entertainment parent company of Hungama.com raised $40 million in an investment led by Bessemer Venture Partners and participation from the existing investor Intel Capital. Hungama is one of the oldest internet company in India founded in year 1999.
In September 2014, Gurgaon-based e-commerce logistics services company Delhivery closed a $35 million round of funding, led by Multiples Alternate Asset Management along with its existing investors Times Internet and Nexus Venture Partners. The transaction is the largest round of funding raised by an Indian e-commerce allied venture till date.
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