India: Temasek-backed InnoVen invests in Swiggy, Furlenco, others in Dec quarter


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 »

Vinod Murali, managing director, InnoVen Capital India. Photo: Mint.
Photo by Stuart Miles. Image ID: 10055016
Indian e-commerce wave is far from over even as funding slows

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 »

Furlenco designs the furniture it offers for rent on its platform.
Lighbox Ventires
Siddharth Talwar, Partner, Lightbox Ventures
Some products that are given on rent come at just 1-2% of the original cost, making them accessible for many more people. Photo: Mint
Online rental economy takes off in India

“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.

From left to right: Lakshya Khurana, Abhishek Jaiswal; Apurv Mathur