$100 million | Pixr8 News

India's leading e-commerce platform Flipkart has crossed the 100-million registered users mark, becoming first e-commerce company in the country to achieved this milestone. "This is a small step in our efforts to build a platform that provides quality products, affordable and accessible to millions of Indians shopping online. This milestone has further energized us to ramp-up our efforts and build a world-class shopping destination," Flipkart co-founder and CEO Binny Bansal said. One of the most valued start-ups in the country, Flipkart has Tiger Global, Accel Partners, Morgan Stanley and T Rowe among its investors. The company has raised over USD 3 billion in funding so far and has acquired companies like Myntra, PhonePe and LetsBuy. It has also invested in start-ups like Cube26, NestAw...

At a time when startups and companies facing economy jolt, Oyo rooms led by Ritesh Aggarwal has raised $100 million in its fifth round of funding. The investors, including Japan’s Softbank, and an international sovereign fund, a person with knowledge of the deal said. Other investors are Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG Consumer Partners and Venture Nursery also participated. In the three years since it was founded, Oyo has emerged as the largest aggregator of hotel rooms in India. It has 65,000 rooms in 5,500 hotels across 177 cities. The company has already raised a total of $125.65 million in four rounds earlier. It recently acquired rival Zo Rooms, which made almost similar revenue, and was funded by Tiger Global. The business of hotel aggre...

Tag: $100 million

Flipkart Crosses 100 Million Users, Become First E-commerce Firm To Achieve This Milestone

Ritesh Aggarwal Led Oyo Rooms Raised $100 million Funding