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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Alok Mittal, the former head of Canaan Partners in India, hates the word ‘vindication’, and prefers to put the fund’s success down to getting the basics right.
Editor's note: Late last month I wrote about Canaan Partners India and how it stands vindicated, albeit in hindsight. Four companies out of its portfolio of 15 have either gone public or are in the process of doing so; the three that have listed already are Bharat Matrimony, Happiest Minds and Equitas Small Finance Bank while the fourth, CarTrade, filed its draft prospectus for an initial public offering last month. This is what I said in the earlier piece, which if you haven’t read already, you must: Canaan Partners entered India in 2006 as an arm of the global VC fund with a mandate to invest in early-stage internet startups. Over the years, Canaan invested close to $150 million in about 15 startups. By 2014 and thereabouts, though, after eight years of playing in India, the global team started evaluating whether the Indian market was really worth their effort and money. Their frustration stemmed from the lack of exits. From a 2014 point of view, things didn’t look good. While startup valuations were skyrocketing, business models and founder ethics were seriously questionable. …
Alok Mittal, the former head of Canaan Partners in India, hates the word ‘vindication’, and prefers to put the fund’s success down to getting the basics right.
Editor's note: Late last month I wrote about Canaan Partners India and how it stands vindicated, albeit in hindsight. Four companies out of its portfolio of 15 have either gone public or are in the process of doing so; the three that have listed already are Bharat Matrimony, Happiest Minds and Equitas Small Finance Bank while the fourth, CarTrade, filed its draft prospectus for an initial public offering last month. This is what I said in the earlier piece, which if you haven’t read already, you must: Canaan Partners entered India in 2006 as an arm of the global VC fund with a mandate to invest in early-stage internet startups. Over the years, Canaan invested close to $150 million in about 15 startups. By 2014 and thereabouts, though, after eight years of playing in India, the global team started evaluating whether the Indian market was really worth their effort and money. Their frustration stemmed from the lack of exits. From a 2014 point of view, things didn’t look good. While startup valuations were skyrocketing, business models and founder ethics were seriously questionable. …
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
Bistro may look like a response to Swiggy and Rapido’s 'budget' food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
Bistro may look like a response to Swiggy and Rapido’s 'budget' food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
