There’s always one deal that stands out from the rest when Hot Topics, in partnership with StrategyEye, reveals the biggest VC deals of the month. November was no exception.

Overall, VCs staked $2.4bn into the world’s tech startups, but it was India’s largest e-commerce player Flipkart that smashed the rest with a $600m round.

The funding was led by its existing investors such as Tiger Global, Naspers and Yuri Milner’s DST Global and others. Reports said there was just one new participant.

What makes the round more notable was that it came just three months after Flipkart closed a $1 billion fund raise and five months after bagging $210 million from DST Global.

Overall, this was Flipkart’s ninth round, bringing the total raised to $2.2bn. Observers reckon the deal puts Flipkart’s valuation at around $10bn, and readies the firm for an IPO sometime over the next three years.

It seems unicorns can be found in India.

Another deal worth noting was Powa Technologies’ $80m Series C from a single investor, Wellington Management. The latter had also invested $76m in Powa last year in the Series A round.

Powa, whose founder Dan Wagner spoke Hot Topics’ recent London event, specialises in mobile payments. Its tech lets users pay from an app using various triggers such as barcodes, NFC, Shazam-style audio signals and more.

At a time when Apple Pay, CurrentC, Google Wallet and others are increasing the noise around mobile payments, it’s certainly in a hot space.

The firm says it has already signed 970 merchants including Adidas, Nicole Miller, Unilever, Carrefour and Cort Ingles.

Strategy Eye’s November round up revealed the e-commerce space as the busiest for VC spend at $982.5m across seven deals. That was more than triple the next busiest – marketplaces at $291.6m.

The most active investor was Battery Ventures.