India is so hot in fintech funding right now.

Two Indian, two Chinese, and one American company make up this week’s list. Online retail and short-term financing were the top venture draws.

1. Flipkart, $700 Million – Flipkart is an online store for the Indian market that offers over 20 million products across 70+ categories, from electronics to jewelry to cleaning supplies. Flipkart has 26 million registered users clocking over 8 million daily visits, and it delivers 5 million shipments per month. On July 28, Flipkart received an eye-popping $700 million in private equity funding from Steadview Capital and Tiger Global Management, taking the top spot on our list in decisive fashion. (Competitor Snapdeal also picked up $500 million today and will probably lead next week’s list.)
2. Behalf, $119 Million – Formerly called Zazma, Behalf offers access to short-term financing of up to $50,000 for businesses of all sizes, with flexible repayment terms. Its method of analyzing credit requires businesses to answer just four questions, and then it’s off to the races. Behalf also pays vendors directly, so there’s no paperwork to deal with, and no time wasted waiting for checks to clear. Behalf is committed to filling a huge economic need and making the lending process as simple and efficient as possible. Investors such as MissionOG (Lead), Maverick Ventures Israel, Sequoia Capital, Spark Capital, and Victory Park Capital recognized this during Behalf’s Series B funding round n which it raised $119 million.
3. Pepperfry, $100 Million – Pepperfry.com is an Indian online store selling a wide selection of furniture, home, and living products. Pepperfry is committed to providing a consistently great shopping experience, and works closely with nearly a thousand merchant partners to showcase their design skills and craftsmanship to its customers. Pepperfry’s Series D funding round garnered them $100 million from Goldman Sachs.
4. Ubox, $85 Million – Founded in 2010, Ubox is a key player in China’s vending machine industry. In addition to traditional vending services, Ubox is known for its pioneering O2O efforts in operating interactive vending machines, which enables customers to make purchases through their mobile app and then pick up goods from offline vending devices. Ubox’s Venture round raised $85 million from the Beijing Partners Fund and the RMB Fund.
5. China Rapid Finance, $35 Million – China Rapid Finance is China’s largest online consumer lending marketplace, serving online users and China’s emerging middle class. Its technology enables socially inclusive financing to the most creditworthy individuals, serving a potential 500 million consumers who are economically active but never have had access to bank credit. China Rapid Finance has transformed China’s consumer credit landscape with its introduction of a highly advanced omni-channel borrower acquisition system and a proprietary Big Data analytics technology platform featuring an end-to-end automated credit decisioning system. China Rapid Finance’s Series C funding round raised $35 million from Broadline Capital.