Accusations are flying between a co-founder of innerwear brand Almo and its top investor over possible corporate governance lapses and a conflict of interest, even as the startup struggles to survive.
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The fund seems convinced that technology-led businesses in India are overvalued and not good for making big exits. Instead, what is needed to return large sums of capital are investments in mature companies with a proven track record.
VCs are a dime a dozen in the San Francisco Bay Area. So, aside from the bragging rights that come with being seen as a global venture firm, it makes no sense for the now-Indian Peak XV to invest in a market that’s already crowded.
In India’s funding winter, nobody wanted to put money in the content company. Why has Jungle Ventures done so then?