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 »
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Existing investors Sequoia Capital, Lightbox Ventures participated in the round, after which investors hold majority stake in the startup
The food delivery startup has raised $50 million so far.
At a time when food-tech startups are facing a fierce churn, online food company Food Vista India Pvt Ltd, which operates as FreshMenu, has reportedly raised Rs 100 crore ($16.5 million) in a fresh round of funding led by Zodius Capital, according to an Economic Times report. Existing investor Lightspeed… Read more »
Last year, a host of startups delved into the on-demand food delivery sector, drawn by the large Indian market, easy funding from venture capital firms, and simple tech that goes into it. Competition among startups got heated, and a few of them were left struggling, unsure of their future. Some… Read more »
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.
Singapore -based Temasek is acquiring 100 per cent stake in in SVB India Finance Private Limited, the specialty lending arm of Silicon Valley Bank, for about $45 million. Silicon Valley Bank is a wholly-owned subsidiary of NASDAQ-listed diversified financial services company SVB Financial Group. According to a regulatory disclosure, the… Read more »
The VC firm bought an additional 1.5% stake in the company for around Rs 20 crore ($3.1 million).
Between July and September, InnoVen Capital participated in 15 deals including Oyo, RAW Pressery, Rentomojo, Treebo, Fab Hotels, HolaChef, Faaso’s, Crownit, Voonik and Bluestone.
The investment by the Alibaba Group in e-commerce firm Paytm, run by One97 Communication Ltd, surprised investors and analysts as the Chinese e-commerce firm recently picked up a small stake in rival Snapdeal. Typically, large e-commerce companies tend not to share investors, especially a strategic one such as Alibaba, for… Read more »