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 »

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 »

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.