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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.
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.
It has been a rocky year for Lightbox. The Mumbai-based venture capital firm, which has backed the likes of Rebel Foods, Dunzo and Furlenco, has seen the exits of three partners, including a co-founder. In August, Prashant Mehta, Jeremy Wenokur and co-founder Siddharth Talwar called it quits, leaving Sandeep Murthy—also a co-founder—as the sole partner of the $400 million fund.
At the heart of these top-level departures lies the decade-old firm’s long, arduous struggle to raise a new fund. After securing $200 million in 2018, Lightbox planned to launch a fourth fund last year. But things haven’t gone as planned. …
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
Venture capital funding is showing signs of a slowdown; the US opens access to advanced technologies for the UAE; and other updates.
In India’s instant house help sector, dominated by Snabbit, Pronto and Urban Company, domestic workers have nothing to lose and everything to gain. At least, for the time being.
