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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.
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 …
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.
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
