The decision to invest Rs 300 crore in the furniture rental startup is an attempt by the mattress giant to diversify into furniture retail and acquire an online presence. Will the strategy pay off?
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Lightbox was the face of a brave style of early-stage venture investing—fewer but bigger cheques. With funding for its fourth fund nowhere in sight, it seems the strategy has failed to deliver returns.
As complaints pile up, the furniture rental company has been nowhere to be found.
The great startup party is over and why the Indian government’s session on gig workers’ problems is too little too late.