Sachin Bansal, co-founder and chairman of Flipkart, India’s largest e-commerce firm, cut a rather sorry figure last week when he sought government protection at a public forum to stave off competition from foreign players. Bansal and Flipkart have had a rather tough year. It has been more than 12 months… Read more »
By Sayan Chakraborty
InnoVen Capital India invested Rs110 crore (about $16 million) in the December quarter across 13 companies, including food ordering and delivery start-up Swiggy, furniture rental start-up Furlenco and online insurance provider Coverfox, a top executive at the venture debt company said. Backed by Singapore’s state-run investment arm Temasek Holdings Pte… Read more »
The fresh funds will be used to expand to Delhi and Hyderabad in the next 12 months as well as expand its product offerings
Lightbox Ventures is seeking to close 2 more deals with more mature tech startups in India in order to completely deploy capital from its second fund, which it closed in 2014.
“Good companies are always going to be able to raise money. The environment in India hasn’t changed, the economy hasn’t changed, the consumer base hasn’t changed, the needs of the consumers hasn’t changed. It’s just that the funding environment has changed.”
Indian prime minister Narendra Modi made several promises in his speech to an audience of startups and venture investors on Saturday. That has instilled hope that the country might become a more attractive destination for investment, at a time when funding activity has ebbed from the highs of mid-2015.
“Rentals online is a new concept. It is about providing access and comfort to consumers,” says Uniyal, who feels that these services are as much about saving money as they are about convenience.
Gurgaon-based Exclusive Lifestyle Private Ltd, the company behind the brand Permarent which provides furniture and home appliances on rent, is in advance talks to raise seed funding, Apurv Mathur, co-founder of the company told DEALSTREETASIA. Permarent, which was founded in October 2015 by Abhishek Jaiswal, Lakshya Khurana and Apurv Mathur, provides furniture… Read more »