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Recent Update 31/07/2014


Flipkart, India's largest e-commerce site, has raised $1 billion in a new round of funding co-led by Tiger Global and Naspers with participation from Accel Partners, Morgan Stanley Investment Management, Sofina of Belgium and Singapore's wealth fund GIC. Flipkart offers more than 70 categories of goods and services, and its online shopping site sees over 4 million daily visits and 22 million registered users. Founded in 2007, Flipkart has raised $1.8 billion to date and will use the new funds to continue to expand in the $3 billion Indian e-commerce market.
Spire, a microsatellite company formerly known as NanoSatisfi, has raised $25 million in a Series A round led by RRE Ventures with participation from Moose Capital, Qihoo and Mitsui & Co. Global Investment. Spire is building a fleet of small, cheap satellites that work with a remote-sensing platform to collect better data from areas like weather to fishing and global trade. Founded in 2012, Spire has offices in Singapore and San Francisco and will use the new funding to continue building out technology and launching new satellites.

Kurbo Health, a mobile subscription-based weight loss program, has raised $5.8 million in a Series A round from Signia Venture Partners, Data Collective, Bessemer Venture Partners, and Promus Ventures, along with angels Susan Wojcicki and Greg Badros. Kurbo utilizes food diaries and live coaching through its iOS app to work with children, teens, and their families to combat childhood obesity. Founded last year, Kurbo will launch an Android version of the app in September and plans to use the latest cash to hire additional coaches and marketing staff.

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