📰 Startup Digest (July 12)

News and updates from India's startup space and beyond.

💰 Flipkart has raised $3.6 billion in fresh funding. With the investment, the Walmart-owned e-commerce giant’s valuation increased to nearly $40 billion.

The latest round was led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart.

📱 Pre-book IPO allotments on Paytm Money. The new feature will let users pre-book IPO allotments before market hours. It will also let retail investors request IPO allotments ahead of the official opening of subscriptions on exchanges.

The feature will go live for the upcoming Zomato IPO on July 14-16.

🙋🏽‍♂️ Phani Kishan has been elevated as Swiggy co-founder. Kishan, the online food delivery major’s vice president of strategy and investments, has been with the company for six years.

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Amanat Khullar is the Content and Editorial Manager at ADIF.

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