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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?
Editor's note: 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 from a VCCircle report: Saumen Chakraborty, Managing Director at Sumeru Venture said “health is a fundamental need which can not be met with the traditional curative infrastructure alone. GOQii has been a significant contributor to the preventive healthcare ecosystem in India. We are confident that this funding round would help GOQii scale it to further heights." From ‘Healthcare platform GOQii raises $50 mn led by Sumeru Ventures’ • VCCircle Less than a month later, it was Byju’s, India’s largest edtech …
The fund, with no clear capital, has announced investments in Indian unicorns like Byju’s and then disappeared. How?
Editor's note: 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 from a VCCircle report: Saumen Chakraborty, Managing Director at Sumeru Venture said “health is a fundamental need which can not be met with the traditional curative infrastructure alone. GOQii has been a significant contributor to the preventive healthcare ecosystem in India. We are confident that this funding round would help GOQii scale it to further heights." From ‘Healthcare platform GOQii raises $50 mn led by Sumeru Ventures’ • VCCircle Less than a month later, it was Byju’s, India’s largest edtech …
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.
