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 »

Temasek buys SVB’s Indian venture debt arm

Posted by & filed under Deals & Investment

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 »