Pulse2 Technology and Social Media News » Tiger Global Management

One Kings Lane Raises $40 Million In Funding

Amit Chowdhry — Mon, 19 Sep 2011 19:55:45 +0000

One Kings Lane is a flash sales website for accessories and home decorations. One Kings Lane has raised $40 million in a new round of funding led by Tiger Global Management. Institutional Venture Partners, Kleiner Perkins, and Greylock Partners has joined in this round of funding. One Kings Lane is now valued at about $440 million as the company raised $65 million in funding total.

One Kings Lane was co-founded by Ali Pincus and Susan Feldman in 2009. One Kings Lane revenue increased over 500% between 2009 and 2010. One Kings Lane CEO Doug Mack said that revenue is on track to surpass $100 million. One Kings Lane had a content deal with Million Dollar Decorators on Bravo this past summer. They also made a partnership with actress Gwyneth Paltrow for promoting her new cookbook.

[TechCrunch]

Indian E-Commerce Website Flipkart.com Raising $150 Million Based On $1 Billion Valuation

Amit Chowdhry — Mon, 01 Aug 2011 20:35:00 +0000

Flipkart.com is known as the “Amazon.com of India.” The company is reportedly raising $150 million at a $1 billion valuation. If this is true, then Flipkart.com will be the first Internet startup in India to hit that milestone.

General Atlantic Partners is the lead investor in this round. Flipkart previously raised funding from Accel Partners and Tiger Global Management. Flipkart originally started as an online bookstore in 2007. The website was founded by brothers Sachin and Binny Bansal. The company is currently hitting a $70 million revenue run rate.

[VC Circle]

Gabby and Hezi Leibovich Raises $80 Million To Grow CatchOfTheDay and Scoopon

Amit Chowdhry — Wed, 25 May 2011 19:52:31 +0000

Australian brothers Gabby and Hezi Leibovich have raised $80 million on a $200 million valuation for their companies CatchOfTheDay and Scoopon. The $80 million was provided by a consortium of investors led by Tiger Global Management. The two founders will be using the funds to grow those two daily deals websites. The companies were not initially looking for funding, but they were recently courted by American venture capital companies over the last 9 months. [WSJ]

GetJar Raises $25 Million From Tiger Global and Accel

Amit Chowdhry — Wed, 16 Feb 2011 02:35:39 +0000

GetJar is an independent mobile software store that has raised $25 million in funding from Tiger Global Management and Accel Partners. GetJar has a major focus on pushing into the Android market. “GetJar plans to aggressively expand its offering to Android publishers in order to secure its position as the premier ‘open’ Android Market alternative,” stated GetJar. [Reuters]

Brazilian Social Gaming Company Vostu Raises $30 Million

Amit Chowdhry — Thu, 02 Dec 2010 05:58:21 +0000

Vostu is a Brazilian social gaming development company that is popular for their Orkut games. Vostu has raised $30 million in funding from Accel Partners and Tiger Global Management.

Both Tiger and Accel have a track record for investing in successful social gaming companies. Accel invested in Playfish, which was acquired by Electronic Arts last year. And Tiger invested in Zynga early on.

Vostu’s games have been played by 20 million active users. Vostu’s Orkut games include a farm-related game called MiniFazenda and a pet game called PetMania. Vostu plans to used the funding for expansion in Brazil.

[paidContent]

Sequoia Capital India Invests About $8 Million In Just Dial

Amit Chowdhry — Sat, 25 Jul 2009 00:00:39 +0000

JustDial is a local search engine company based in India. Sequoia Capital India has invested 40 crore (around $8 million) into the search engine company recently. This round of funding gives Sequoia about 10% equity in the company.

As a result of the investment, Sequoia Capital India Managing Director Sandeep Singhal will be joining Just Dial’s board of directors. The last time I wrote about Singhal was when there was potential conflict of interest in Minglebox’s round of funding by Sequoia.

Sequoia has about $1.8 billion in capital for investments in India. The investment in Just Dial is from a $300 million venture capital fund.

To get off the ground, Just Dial previously raised funding from private equity fund SAIF Partners and Tiger Global Management. SAIF invested $10.4 million rupees in Just Dial in 2006. Tiger invested about $16 million in Just Dial in 2007. SAIF and Tiger own over 20% stake in Just Dial.

Just Dial plans on launching a classifieds section sometme in the next year.