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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.
The fund, with no clear capital, has announced investments in Indian unicorns like Byju’s and then disappeared. How?
Let’s first look at the funding announcements involving Sumeru Ventures this year. In January, food delivery startup Swiggy announced that it had raised $700 million in a new funding round led by Atlanta-based investment firm Invesco, which also saw the participation of a host of new investors, including Sumeru Ventures.
Weeks later, healthcare startup GOQii said it had raised $50 million in Series C funding—across equity and debt—led by Sumeru Ventures. GOQii made elaborate plans to grow its insurance and digital therapeutics vertical in India and expand overseas with preventive healthcare solutions on the back of the incoming funds. Here’s …
Store expansion, premiumisation and a growing customer base are driving its beauty business. Fashion, meanwhile, is showing improvement but still lacks a clear differentiator.
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
