India: Sharing economy startups turn to venture debt to grow biz, retain equity

Technology startups in the sharing economy space including brands like Drivezy, Zoomcar, VOGO, Bounce, Furlenco and RentoMojo are increasingly turning to venture debt, as opposed to parting with equity, in a bid to retain more control over their companies. These startups have cumulatively raised around $250 million over the last six months.