As global tech investment figures continue to spiral upwards, here’s a look at the 25 largest global startup investments in Q2.
It shouldn’t be surprising that the Indian ecommerce platform Flipkart is heading up another tech investment list.
The company, founded in 2007 by Sachin Bansal and Binny Bansal, is serving the ever-expanding ecommerce market in India.
It’s also been reported recently that Flipkart is looking to increase its operations through the acquisition of MapmyIndia, the digital mapping company, which could help Flipkart strengthen its logistics and customer analytics.
In what was the 2nd biggest deal of all global startup investments in Q2, Snapchat has obtained another big round of funding to fuel further growth.
While plenty of experts have debated the potential profitability of Snapchat, there’s no escaping its popularity.
In May, it was estimated that the photo/video messaging platform had 100 million daily users, and the southern Californian startup is still raising funds as it looks to integrate news features into its operations.
There’s even talk of Comedy Central launching new shows on the Snapchat in 10 second clips, so there’s more potential for money-making opportunities than many initially thought.
Rounding out the top 3 is music-streaming service Spotify. Founded in Sweden, Spotify has recently come under pressure as Apple has launched its own music-streaming service, Apple Music.
While record labels are pushing streaming services to run off more lucrative subscription services, Spotify only managed to convert around a third of its 75 million users into paying customers.
The success of Apple Music’s entrance into the market can only be measured when its millions of subscribers have their 3 month free trials run out. Come the end of September, the dust will likely have settled on which music streaming service will be the most popular going into 2016.
Check out the infographic above to see the remainder of the top 25 global startup investments in Q2.