Mumbai-based on-demand food delivery start-up BOX8 has raised about $1 million (Rs 7 crore) in venture debt funding from Trifecta Capital. This development comes right on the heels of the start-up raising $7.5 million (Rs 50 crore) Series B funding from IIFL Seed Ventures Fund and Mayfield Ventur…
Tag: Trifecta Capital
India’s start-up ecosystem in a correction mode: Trifecta Capital
Venture debt firm Trifecta Capital plans to invest across 15-20 startups during the current year with the deal size ranging from Rs 5 to 45 crore according to a top executive of the company. “We have made 18 investments in the last 15 months. Of the 18, we have committed about Rs 275 crore.…
BITS Pilani’s international start-up challenge ‘Conquest 2017’ is back
If you have a brilliant business idea and don’t know where to pitch it, BITS Pilani’s international student-startup challenge is for you. The college is back with its 13th edition of Conquest 2017, which serves as a launchpad for your startup and entrepreneurial dreams. Conquest offers one-on-one…
Budget 2017: Fails to assuage key concerns of start-up community
New Delhi: With falling investments and failing startups, the startup world was hoping for the government to take away the main pain points of its industry. While a few concerns were addressed by the Finance Minister Arun Jaitley during his Union Budget speech in the Parliament, the larger issues…
E-security start-up Securens gets funding from Mayfield, Trifecta
Mumbai: Electronic surveillance technology firm Securens Systems Pvt. Ltd has raised a little over $5 million (Rs35 crore) from existing venture capital investor Mayfield India and venture debt provider Trifecta Capital. The latest round of fund-raising saw Mayfield invest Rs15 crore (approximate…
VCs go back to basics, start-ups told to improve unit economics
After vying with each other to invest in start-ups at high valuations in the past few years, investors spent much of 2016 in cleaning up their portfolios, asking start-ups to reduce their cash burn, improve unit economics, and extend their runways (life). Several start-ups, which had no future, s…
Start-up funding eases, but crunch is not over
Winter is here but the freeze in funding could be easing for start-ups. “Deal activity has picked up in the past few months. We are seeing consolidation in many sectors. The crunch has eased a bit,” says Anand Lunia, Founding Partner at venture capital firm India Quotient. In the past few months,…
RBI rate cut positive, but may have little for SMEs
Terming the Reserve Bank of India’s (RBI) move to cut the short-term lending rate by 25 bps to 6.25% from 6.50% as positive, experts argue it may have little or no impact for SMEs in the country. “The first significant policy announcement since assuming responsibility as the Governor …
Rivigo gearing up to spend $100 million in new fiscal to beat rivals
Surface transport logistics services provider Rivigo, is gearing up to spend between $80 million-$100 million in the new fiscal, as the SAIF Partners-backed venture looks to outdistance its peers, by expanding at a rapid pace. Founded by IIT Kanpur and IIM Lucknow alum Deepak Garg and Stanford G…
Banks develop an appetite for start-ups
In a dimly lit auditorium, three groups were called on to the stage to polite applause. Electronic music, with the bassline turned up too high, reverbed through the speakers. A couple of them smiled as they held their award to the flashlight of two cameras. Orange, which was the hallmark colour o…