Items filtered by date: July 2014

 

Indian E-Commerce Giant Flipkart Raises Massive $1B Round

Flipkart, the largest e-commerce company in India, announced on Twitter that it has raised a massive $1 billion round. The round was led by Tiger Global Management and Naspers, with participation by GIC and existing investors Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management, and Sofina. The tweet confirms reports several days earlier in the Economic Times that company had secured that amount in funding at a reported $7 billion valuation.

In a statement, Flipkart said the “funds will be used to make long-term strategic investments in India, especially in mobile technology.”

This takes the total Flipkart has raised so far to $1.75 billion. The company, which now has 22 million registered users and makes 5 million shipments a month, last announced fundraising in May, when the company said that it had closed a $210 million round led by DST Global, with participation from Tiger Global, Naspers, and Iconiq Capital.

Flipkart will most likely use the money to ward off competition from Snapdeal and Amazon, which launched in India a year ago. It will also continue acquiring startups–it’s most recent purchase was online fashion dealer Myntra in a deal reportedly worth $300 million.

Published in Deals & Funding

Crowdfunding Sites Singapore and the Startup Scene In Asia, the concept of crowdfunding is still relatively new and in its early stages of development. But the crowdfunding scene in Singapore appears to have taken root and is growing fast in popularity.

With the fast growth of social media, the influence of such media has grown beyond being a mere marketing tool. In fact, this influence has also extended to business funding through the phenomenon of crowdfunding. This portmanteau takes after the original “crowdsourcing” and is used to refer to the collective effort of a large network of individuals who each contribute a small amount of capital to finance a new speculative business venture.

Published in Features

 

1. Tolexo | India

Launched last month, Tolexo is an online marketplace from India which aims to be the go-to place for buyers of industrial and construction goods. Tolexo already has over 50,000 stock keeping units (SKUs) in seven categories like industrial safety and engineering tools. More than 100 sellers of such things have registered with it and the list is growing fast.

Toonimo, a startup that says it can make websites more engaging and lucrative by adding custom animations, is announcing that it has raised $2.5 million in funding.

The idea is that online visitors might appreciate having a cartoon character who can point out the important parts of a website and walk them through some of the trickier bits — and that, in turn, can lead to increased sales. For example, when you visit the Toonimo site, animated characters lead you down the page and explain the concept behind the company, in the hopes that you’ll sign up for a free trial.

Published in Deals & Funding

3D printing has changed the way engineers test products, allowing them to cut down on time and costs. But what about 3D printing the components that go into most of these products?

Botfactory computer engineer Carlos Ospina said that most of the people he encountered didn’t believe it was possible. But he’s proven them wrong with Squink, a portable circuit board factory that allows you to test your project in minutes in the comfort of your home — costing around $2 to print.

Published in Deals & Funding


On July 3, Zack Brown created a Kickstarter project to fund a $10 bowl of potato salad.

The project took off, and has now raised US $49,733 to date.

That’s right. He’s making potato salad for himself. And he just raised $$49,733.

Published in Features

We have had an exciting range of international stratups and innovative entrepreneurs set up thier crowdfunding campaigns recently on fundedflow. Here is our pick of the 3 that we think will do well

1. Kenyan Wireless Networks Business - For Social Wifi Marketing

This is a fantastic idea, from entrepreneur David Kariuki who is a small internet service provider currently trying to expand his business by installing Wifi Hotspots and Access Points in various public places like bars, restaurants, hotels, apartments and shopping malls that are located in his small town in Kenya.

His campaign is off to a great start and has already raised its first USD 50.00 dollars of investment on fundedflow. Visit his campaign page below to see this success story and support the campaign! View the campaign here

Tips From Indiegogo’s CEO On How To Succeed When Crowdfunding

I love huntin’ through data to find the weird little trends; it’s how you learn how things actually work. I also really, really dig the concept of crowdfunding. Put the two together, and you’ve got my attention.

During a chat with John Biggs at last years at Disrupt Europe, Indiegogo CEO Slava Rubin dropped a rapid fire stream of knowledge. If you’re considering doing any sort of crowdsourcing campaign, this is probably stuff you should know.

Published in Advice & Tips

 

Crowdfunding campaigns, when run well, can seem effortless, almost magical, if you’re watching from afar. Seeing the money and backers pile up, especially in the last phase of a campaign, can be breathtaking, when everyone is hugging and high-fiving.

However, crowdfunding is not a walk in the park. Unless that park is covered with broken glass. And a lion ate your shoes at the entrance gate. And he is now chasing you.

There is anxiety, especially during that famous mid-campaign plateau. There are sleepless nights, when instead of counting fluffy sheep you’re counting all of your Facebook friends who haven’t contributed yet. And don’t forget about the obsessive-compulsive “refreshing” of your campaign page to see if there are any new backers. Yes, crowdfunding can be stressful, but if you do the proper prep work — and create the right relationships on social media — crowdfunding can be full of great joy and excitement.

Below are some important tips before kicking off your crowdfunding campiagn.

Published in Advice & Tips