Online retailer - Flipkart Online Services has raised $150 Mn investment led by Naspers and by existing investor Tiger Global, according to IndiaDigitalReview.
The company which has 4,800 employees and services 50,000 orders a day was recently planning to raise funds. This January it raised $150 Mn from existing investors – Accel Partners and Tiger Global Management in its fourth round of funding.
Flipkart has put a R300 minimum order cap for the free delivery option, to cut down its losses. The company emphasizes more on customer acquisition which lead to a gross margin loss per unit sale.
The clinical-stage specialty bio-pharmaceutical company Vyome Biosciences Private Limited has raises $14 million in Series-C financing round. The financing round was led by a prominent New York based life sciences fund Perceptive Advisors. Apart from that the funding round saw participation of a Boston-based venture capital Romulus Capital along with existing investors.