India Dealbook: Flipkart, Paytm Entertainment, SoStronk in funding news

The Flipkart delivery process. Photo: Bloomberg

E-commerce company Flipkart and Paytm Entertainment have secured funding from their respective parent entities. Separately, e-sports gaming platform SoStronk has raised funding from IP Ventures.

Flipkart gets $224m from Singapore parent

Indian e-commerce company Flipkart has secured about $224 million (Rs 1,616 crore) from its Singapore-based parent entity as it gears up for the festive season starting next month.

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