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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.
NIC’s impressive online presence got Jungle Ventures to lead an $11 million investment; separately, banned Shein partners with Reliance to re-enter India.
In quite an unconventional transaction this week, ice cream company NIC raised money in a round led by the Singapore-based venture capital firm Jungle Ventures. From Moneycontrol:
“With this new investment, we will continue to expand our reach, enhance our product portfolio, and earn a position as one of the market leaders in the ice cream industry,” said Sanjiv Shah, director, Walko Food…
“We are excited to invest in a company that is boldly reshaping a very traditional industry,” Arpit Beri, principal, India Investments at Jungle Ventures, said.
The investment, at $11 million, is not large, but rather interesting. …
Bombay Creamery, the conglomerate’s latest consumer bet, is banking on aggressive pricing and retailer margins to crack a market dominated by dairy companies and regional brands.
The online storytelling company is betting that content will be the most sought-after commodity as scores of platforms jump on the microdrama bandwagon. But success will hinge on whether it has a good enough story to draw the audience.
The managing partner at Key Capital talks about his new—and the region’s first-ever—secondaries fund and why long investment cycles are not everyone’s cup of tea.
