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It is looking to enter new markets such as the Philippines and the US East Coast.
Over 10% of the capital was contributed by B Capital’s GPs, says co-founder and managing partner.
In 2020, the firm acquired local freight and trucking company Trukita.
Astro is targeting to turn contribution margin positive by end of 2023.
GP diligence is expected to become more stringent, with managers demonstrating cash exits faring better.
It is time to unlearn some of the old practices that are no longer relevant in today’s market, he said.
Toddle last raised an undisclosed seed round from Matrix Partners India 3 years ago.
The VC is betting big on micro-niche consumer firms as it gears up to invest from its third fund.
The IPO market has become tougher, especially for larger deals, says Pavninder Singh.