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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Flipkart bags $3.6B

Indian e-commerce giant raised $3.6 billion in a fresh funding round at a reported post-money valuation of $37.6 billion.

The round appears to be a pre-IPO financing for the 14-year-old company, which sells goods across a variety of categories from groceries to electronics to furniture.

Lead investors in the round include , , 2 and .

Microsoft reportedly buying RiskIQ

is acquiring digital threat management provider for around $500 million, according to a report. Founded in 2009, RiskIQ previously raised around $83 million in known funding, per Crunchbase data.

Cybersecurity

VU raises $12M: Argentina-based , an antifraud and identity protection provider, reportedly in Series B funding. The round brings total funding for the company to around $20 million.

— Joanna Glasner

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