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SoftBank To Infuse A Whopping $ 3 Billion In Paytm Mall

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SoftBank Funding In Paytm Mall,Startup Stories,Startup News India,2018 Latest Business News,SoftBank Paytm Mall Business,Indian digital e wallet Paytm,SoftBank CEO,Walmart-Flipkart Deal

SoftBank Group Corp., a Japanese multinational conglomerate is making headlines for investing a whopping  $ 3 billion in the Indian digital e wallet giant, Paytm.

However, the CEO of SoftBank, Masayoshi Son is not sure whether to sell SoftBank Vision Fund’s 21% stake in India’s largest online retailer, Flipkart. Earlier in April, Paytm Mall raised $ 400 million in a financing round led by SoftBank along with participation from Alibaba. With that funding, Softbank took 21% stake in Paytm Mall.  According to the recent Walmart-Flipkart deal agreement, SoftBank can go ahead with other deals only when it exits from Flipkart. However, the Japanese conglomerate is having second thoughts regarding its exit from the etailer firm. The venture capital firm should now set itself free from a clause in its agreement with Flipkart that restricts it from investing more than $ 500 million in the Paytm Mall App until 2020. So, as of now, Softbank is in talks to invest as much as $ 3 billion in the Paytm Mall App.

Paytm may proceed further with the funding only if SoftBank makes its exit from the etailer firm, Flipkart. SoftBank is not sure about selling off its Flipkart shares because of tax implications and as it sees a further increase in the valuation for Flipkart. SoftBank is expected to gain about $ 4 billion if it sells its entire 21% stake in Flipkart to Walmart.

Apart from these fundings, SoftBank had also invested an amount of $ 900 million in the other major e commerce player, Snapdeal. Paytm Mall surpassed the Indian e commerce market, replacing Snapdeal as the third largest player including Flipkart and Amazon India. Currently, Paytm claims to process about 1 billion transactions every quarter and aims to double the figure to 2 billion. Besides this, the payments  and e commerce firm, aims to process Rs. 60, 000 crores in monthly bank transfers by the year end. The company announced earlier to invest over Rs. 5,000 crores in 2018 in its payments and financial services. Paytm,  the digital e wallet giant is providing customers innumerable payment services that is making their lives easier! The effect the Walmart-Flipkart deal will have on the e commerce industry is yet to be seen.

 

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Flick TV Secures $2.3M to Revolutionize India’s Micro-Drama Streaming Scene

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Flick TV StartupStories

Flick TV, India’s first mobile-focused OTT platform dedicated to micro-dramas, has secured $2.3 million in seed funding led by Stellaris Venture Partners, with participation from Gemba Capital and Titan Capital. Founded in early 2025 by Kushal Singhal, Pratik Anand, and Sanidhya Mittal, the platform aims to address the growing demand for high-quality, short-form storytelling tailored for mobile consumption. Unlike traditional user-generated short video platforms, Flick TV produces professionally shot, under-five-minute dramas across genres such as romance, thrillers, and slice-of-life—each crafted for vertical viewing to suit India’s rapidly expanding mobile internet audience.

The newly raised capital will be used to scale up content production, with plans to launch over 100 original titles, enhance the platform’s streaming technology, and expand offerings into four regional languages. Flick TV is also investing in generative AI and advanced workflows to streamline scripting and production, aiming to combine creative excellence with operational efficiency. The founders bring deep expertise from previous roles at ShareChat, EloElo, Meesho, and Pocket FM, positioning the company to bridge the gap between creator agility and cinematic storytelling in India’s nascent micro-drama ecosystem.

Industry observers see Flick TV as a frontrunner in India’s next entertainment wave, which is expected to be mobile-native, emotionally engaging, and built for short attention spans. With the micro-drama market projected to reach $5 billion in India over the next five years—mirroring the $7 billion success in China—Flick TV is poised to set new standards for premium, binge-worthy short-form content and redefine streaming for the modern Indian viewer.

 

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Ex-100X.VC Partners Launch 247VC, Announce INR 250 Crore Fund for Seed-Stage Startups

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StartupStories

Former 100X.VC partners Yagnesh Sanghrajka and Shashank Randev have launched a new venture capital firm, 247VC, unveiling a maiden fund with a target corpus of INR 250 crore (about $30 million). The SEBI-registered Category II AIF includes a base of INR 200 crore and a INR 50 crore greenshoe option, and is focused on backing 30 seed-stage startups across India over the next three years.

 

247VC will target high-potential founders in sectors like deeptech, enterprise tech, consumption, and Industry 5.0, with initial cheque sizes ranging from INR 3 crore to INR 4 crore and follow-on capital for top-performing companies. The fund has attracted prominent early backers, including Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Shailendra Majmundar (Johns Hopkins University).

Sanghrajka and Randev, who together have invested in over 200 startups previously, aim to support ambitious founders building for scale and innovation, especially in emerging and underexplored markets. The launch comes as seed-stage investing gains momentum in India, with average cheque sizes rising despite a cautious funding environment.

 

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