The online fast moving consumer goods business Grofers has raised a further $220 million with an investment round led by SoftBank Vision Fund. The South-Korean investment firm KTB Ventures also joined as a new investor.
Online supermarket Grofers valuation rose to $425 million (Rs 3,017 crore) on the back of its recent fundraising of $60 million from Japan's SoftBank Vision Fund (SVF), Tiger Global and Sequoia Capital.
Southeast Asian fashion startup Zilingo said it has raised $226 million in its latest funding round from existing backers such as Sequoia Capital, with Singapore’s Temasek Holdings joining as a new investor.
Digital financial services platform Mobikwik saw its revenue increase 93 percent to Rs 86 crore (approx $12.3 million) in the fiscal year 2018 as compared to Rs 44 crore it had posted in the last fiscal.
The online marketplace Meesho has raised $50 million in a new round of funding, only five months after its last round. The business will use the investment to work on products and its technology team.
Chinese garment sharing platform YCloset has completed an undisclosed strategic fundraising round from e-commerce giant Alibaba Group Holding to better cater to beauty and fashion requirements of female customers.