- Flipkart, last month, had set up its own own corporate venture capital (CVC) fund to invest in early-stage startups in India.
- Walmart-owned Flipkart 's CEO Kalyan Krishnamurthy, who has invested in startups such as Ratan Tata -backed B2B e-commerce portal Moglix, Mukesh Bansal's CureFit, Tiger Global-backed NestAway, Sequoia-backed edtech startup Unacademy etc., has put Rs 1.6 crore in UrbanClap - hyperlocal home services startup.
- UrbanClap "allotted 310 equity shares of Re 1 each at a premium of Rs 51,551" as per the "resolution passed in the meeting of the board of directors of UrbanClap Technologies India held on April 5, 2019," showed the regulatory filing sourced by business signals platform Paper.vc.
Flipkart CEO Kalyan Krishnamurthy invests in Ratan Tata-backed UrbanClap
8 April 2019 6:30 PM GMT
Walmart-owned Flipkart's CEO Kalyan Krishnamurthy had earlier backed startups including Ratan Tata-backed B2B e-commerce portal Moglix, Mukesh Bansal's CureFit, Tiger Global-backed NestAway (also backed by Ratan Tata), Sequoia-backed edtech startup Unacademy etc., in his personal capacity.