The Briefing: Flipkart Bags $3.6B, Microsoft Reportedly Buying RiskIQ, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Flipkart bags $3.6B

Indian e-commerce giant Flipkart raised $3.6 billion in a fresh funding round at a reported post-money valuation of $37.6 billion.

The round appears to be a pre-IPO financing for the 14-year-old company, which sells goods across a variety of categories from groceries to electronics to furniture.

Lead investors in the round include GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart.

Microsoft reportedly buying RiskIQ

Microsoft is acquiring digital threat management provider RiskIQ for around $500 million, according to a Bloomberg report. Founded in 2009, RiskIQ previously raised around $83 million in known funding, per Crunchbase data.

Cybersecurity

VU raises $12M: Argentina-based VU, an antifraud and identity protection provider, reportedly raised $12 million in Series B funding. The round brings total funding for the company to around $20 million.

— Joanna Glasner

Illustration: Dom Guzman