Ecosystem Weekly | 8th Dec ’19

December 8, 2019
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Walmart owned Flipkart has raised $398 Mn from its parent entity.
Bengaluru based e-commerce company Flipkart has raised $398 Mn from its Singapore-based parent entity, Walmart.
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Mahindra Finance has raised $200 Mn from  International Finance Corp
Mahindra & Mahindra Financial Services has raised $200 Mn from IFC, a subsidiary of World Bank Group, for financing MSMEs in India.

Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based used bikes marketplace Credr has raised $6 Mn from Omidyar Network, with existing investors Eight Roads Ventures, GrowthStory and AngelList
  • Advent International backed Plastic packaging material maker Manjushree Technopack has acquired a majority stake in Amritsar-based National Plastics for an undisclosed amount
  • After a delay of over six months, South Korean automobile maker Hyundai and Kia Motor’s $311 Mn investment in ANI Technology and electric taxi service Ola Electric is finally complete
  • Venture capital firm Accel India announced the final close of its $550 Mn fund which focuses on seed and early stage Indian startups
  • Netflix’s founder and CEO Reed Hastings announced that the over-the-top video streaming platform will invest $420 Mn producing original content in India
  • Foodtech unicorn Zomato’s CEO Deepinder Goyal announced that the company will raise $500 Mn by next month