India: Food delivery startup Faasos raises $30m from Ru-Net & return backers Sequoia, LightBox

Posted by & filed under Venture Capital

Faasos Food Services, the Pune-based food delivery startup, has raised $30 million in a funding round led by Russian internet-focused investment firm Ru-Net. Existing investors Sequoia Capital and Lightbox Ventures also participated in the round. “That’s right, the deal has happened, and we participated,” said Prashant Mehta, partner with Lightbox… Read more »

Has India’s startup story missed the capital efficiency bus?

Posted by & filed under Opinion

“A startup is a temporary organization used to search for a repeatable and scalable business model”. A great definition from Steve Blank, one of Silicon Valley’s well known educators. What keeps the wheels rolling is that startups discover these scalable models in a very capital efficient way, delivering multiple returns to investors…. Read more »

Exclusive: Temasek-backed Innoven sets sights on China

Posted by & filed under Q & A

“According to our plan by 2020, we want to have $500 million of business, which will be funded by around $200 million of equity and $300 million of debt and this will be across Asia. In Singapore we have already started doing deals, we’ve done some cross-party investments. China is still work in progress, we expect to be on the ground in the next 6-9 months,” Vinod Murali.