Deals

Funding Daily: On holiday

Gold panning Nick Ares Flickr
Image Credit: Nick Ares/Flickr

Get all the tech funding news of the day delivered straight to your mailbox! Sign up for Funding Daily and never miss a deal.


Lots of Americans head for the beach, to the lake, to park, or to the backyard on Memorial Day. But that did’t stop at least a couple of startups from announcing new bags of money today. Here’s the scoop.

Flipkart, the ‘Amazon of India’, picks up $210M

If you want proof that ecommerce is heating up in India, look no further than Flipkart. Today the company announced a fresh $210 million round of funding just seven months after closing a $360 million round. DST Global led the round. Iconiq Capital, Naspers, Tiger Global also participated. Flipkart, known as the “Amazon of India,” sells everything, including electronics, books, apparel, home furnishings, and sports items. It claims 18 million registered users and 3.5 million daily visitors.

Read more on VentureBeat: Flipkart, the ‘Amazon of India’, picks up $210M

Brndstr tacks on $1.6M

Brndstr, a startup that gives people discounts and special offers when they post on social media accounts about certain brands, has raised $1.6 million in new funding. Funsho provided the new money. Brndstr already works with Uber and is in talks with media-buying businesses in Dubai. Now the startup can form alliances with more companies.

Read more on the Wall Street Journal.