eCommerce Funding Weekly Roundup : Feb 9, 2018


Walmart may double Flipkart valuation to $20 billion for a big stake

Walmart Inc is offering to double the valuation of Flipkart to about $20 billion for a large stake in the Indian e-commerce leader.  Read More


Swiggy raises $100 million from Naspers, others

With the new funding, Swiggy plans to introduce a host of new products and services and step up investments in its New Supply business line. Read More


Voonik raises funds from Sequoia, RB Investments

Voonik has raised $6 million; funds will be utilized to scale up its men’s and premium segments, which were launched last year. Read More


Alibaba backs Indian online grocer BigBasket in $300 million fundraising

India’s leading online grocer BigBasket has raised $300 million in a funding round led by China’s Alibaba, giving it more firepower to compete with US rival Amazon. Read More


Zomato raises $200 million from Ant Financials

The funding includes a $50 million secondary share sale by Zomato shareholder Info Edge to Ant Financials, which will dilute its stake in Zomato to about 30.91% post the fresh capital infusion. Read More


Ridaex Tech acquired by their branding partner GotMatter Pvt Ltd

GotMatter Pvt Ltd a Bangalore based IT & E-Commerce company has succeeded in acquiring Ridaex Technologies which had made a name for itself by manufacturing the 1st Indian Made LED Smart TVs.  Read More


After payment and e-tail, Alibaba now invests Rs 224 Cr in logistics firm Xpressbees

China e-commerce giant Alibaba, who was looking to invest in Pune-based logistics firm Xpressbees has finally sealed the deal with a whopping $35 million (Rs 224 crore) in the firm run by Busybees Logistics Solutions. Read More


HealthifyMe Raises $12M in Series B Funding from Sistema Asia Fund, Samsung NEXT, Others

India’s leading mobile health and fitness platform, HealthifyMe, today announced the close of a $12M Series B round of funding led by Sistema Asia Fund.  Read More

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