Flipkart bags more funding from Walmart this week

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Hello readers,

Have you ever been to a Walmart? I have, but it was so long ago that I barely remember the experience. What I know of the company mostly stems from memes about the kind of people you’d find at a Walmart, which admittedly, isn’t a very pretty picture.

So it’s interesting to me that the US retail giant – which is seemingly a hotspot for intriguing human specimens – is one of Indian ecommerce startup Flipkart’s biggest investors. After all, “ecommerce” and “technology” aren’t exactly the words I associate with Walmart, and its past investments in this space haven’t exactly worked out very well.

You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals and M&As that recently took place.

The biggest deals by country

🇮🇳 Flipkart: This ecommerce startup banked US$560 million from Walmart.

🇨🇳 XtalPi (晶泰科技): This pharmaceutical tech company secured US$319 million from CICC Capital, CITIC Capital, China Life Investment, IMO Ventures, Mirae Asset Venture, MorningSide Ventures Capital, Oceanpine Capital, PICC Capital Investment Management, and Susquehanna International Group.

🇹🇼 KKday: This travel ecommerce platform banked US$75 million from Cool Japan Fund, MindWorks Ventures, National Development Fund of Taiwan.

🇭🇰 Airwallex (空中云汇): This fintech startup got US$40 million from undisclosed investors.

🇮🇱 keepMED (keePAP): This medtech startup raised US$15.3 million from 4see Ventures, C4 Ventures, Celeste Management, Financière Arbevel, Lavorel Medicare, Mérieux Equity Partners, Pitango Venture Capital, and Xenia Venture Capital.

Here’s the complete list of this week’s funding chart: 132 deals worth over US$2.7 billion this week.

M&A

Pitch decks for your reference

Lists of most active investors in the region

List of top-funded startups in Asia

Going deeper