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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.
After closing 207 deals in 2021, the early-stage investor was looking to set a new record this year. Things haven’t quite gone according to plan.
Editor's note: A funding winter for Indian startups, triggered by a global downturn and tightening of norms for alternative investment funds, seems to have spoiled the party for Venture Catalysts. According to four industry executives in the know, all of whom requested anonymity, the Mumbai-based incubator has been walking back some term sheets and revising deals. Moreover, several angel investors on the Venture Catalysts network are no longer as bullish as they were last year, leading to a shortage of funds, the executives cited above say. The Morning Context interviewed three founders whose early-stage startups were to receive funding from Venture Catalysts, with commitments in February and March. Two of them say that despite signing term sheets and shareholders’ agreements, the incubator, which also runs a venture fund, backed off. The third founder says the Venture Catalysts team “inexplicably disappeared for weeks” after committing to a round in an email. A co-investor in two of these proposed rounds confirmed that talks fizzled out, though one of the two deals eventually happened. All of them requested anonymity. The founders cited above say that …
After closing 207 deals in 2021, the early-stage investor was looking to set a new record this year. Things haven’t quite gone according to plan.
Editor's note: A funding winter for Indian startups, triggered by a global downturn and tightening of norms for alternative investment funds, seems to have spoiled the party for Venture Catalysts. According to four industry executives in the know, all of whom requested anonymity, the Mumbai-based incubator has been walking back some term sheets and revising deals. Moreover, several angel investors on the Venture Catalysts network are no longer as bullish as they were last year, leading to a shortage of funds, the executives cited above say. The Morning Context interviewed three founders whose early-stage startups were to receive funding from Venture Catalysts, with commitments in February and March. Two of them say that despite signing term sheets and shareholders’ agreements, the incubator, which also runs a venture fund, backed off. The third founder says the Venture Catalysts team “inexplicably disappeared for weeks” after committing to a round in an email. A co-investor in two of these proposed rounds confirmed that talks fizzled out, though one of the two deals eventually happened. All of them requested anonymity. The founders cited above say that …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
