Flipkart

The deal will allow Flipkart to access insights into emerging lifestyle and entertainment trends while using content to unlock new commerce opportunities.

This is Flipkart's first major ESOP buyback since 2023, when it completed a USD 700 million programme for current and former employees.

The Bengaluru-based company will deploy the funds to scale platform development, expand its product and engineering teams, and onboard new brand partners globally, especially across Europe and the UAE.

The funds will be deployed to enhance product innovation, strengthen POP's loyalty-focused offering via its POPcoins rewards currency, and deepen partnerships with D2C and lifestyle merchants.

Ecommerce major Flipkart, through its subsidiary Quick Routes International, exited its entire 9.01% stake in BlackBuck, fetching INR 672 crore via two bulk deals. Flipkart had already sold 3.9 million shares during BlackBuck's public listing late last year.

Xeed Ventures, Waterbridge Ventures, and angel investors such as Binny Bansal (co-founder of Flipkart), Asha Jadeja Motwani, and GreyOrange founders Samay Kohli and Akash Gupta also participated in the round.

With performance, privacy, and professional-grade resilience as its pillars, the ASUS ExpertBook P Series appears set to become a serious contender in the enterprise laptop market in India.

Notably, this will be JPL's Web3 and blockchain debut in India

Angel investors, including Binny Bansal (Flipkart co-founder), Nikhil Kamath (Zerodha co-founder), and Sriharsha Majety (Swiggy co-founder), also participated in the round.

Highlighting 2024 key funding deals, innovative startups across industries secured substantial investments, driving growth, fostering innovation, and unlocking new opportunities for market expansion and development.

The fund garnered support from 131 undisclosed investors, matching the amount raised for its seventh India fund in 2022.

The startups listed below have disclosed investment rounds.

The Indore-based hygiene brand Millennium Babycares excels in baby, fem-care, and adult hygiene products.

The new humanoid robot, powered by advanced AI and self-learning algorithms, will process multi-modal data, adapt to complex environments, perform tasks, and make real-time decisions across industries like warehousing, defence, and healthcare.

Freecultr, founded in 2019, redefines India's innerwear market with a data-driven, consumer-centric D2C model. Expanding globally, it emphasises comfort, sustainability, and customer feedback, aiming for 50% growth by 2025.

The brand creates eco-friendly, educational games promoting skill development and critical thinking, offering sustainable, screen-free play for children through innovative, digital-first strategies and global expansion.

Flipkart recorded 330 million visits during early access and day 1, Amazon recorded 110 million customer visits within the first 48 hours of its sale, Meesho stated 65 million visitors and Myntra enjoyed 120 million visitors during the same period.

After stepping down as Cleartrip's CEO earlier this year, Ayyappan brings his expertise from leading positions at Flipkart, including his role as chief business officer at Myntra.

Flipkart has recently launched a quick commerce vertical called 'Minutes', exclusive to Bengaluru

The raised capital will beef up Incuspaze's capabilities to provide top-tier workspace solutions to enterprises, MSMEs, and startups.

The startups listed below have disclosed investment rounds.