E-commerce giant Flipkart’s CEO Kalyan Krishnamurthy has revived his interest in investing in start-ups after a gap of four years.
Krishnamurthy last month made small investments in two start-ups, Nestaway and Curefit. According to business intelligence platform paper.vc, both the companies recently received huge funding from various investors.
Nestaway is a home rental network which recently received $51 million from Goldman Sachs and a joint venture firm of former Tata Sons Chairman Ratan Tata. It has so far raised $100 million in funding.
Bengaluru-headquartered fitness start-up Curefit recently raised $10 million in debt financing from HDFC Bank and Axis Bank. This is part of the debt financing round which took place in August last year and was led by Trifecta Capital and Prathithi Investment Trust. CureFit is promoted by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori. It has raised $45 million in funding so far.
Flipkart’s co-founders Sachin and Binny Bansal too have made investments in various start-ups.