IFC, a World Bank-backed institution, looks at start-ups that are solving a well-defined large problem with solid founding teams and a path to profitability
The e-commerce start-up that connects small Indian retailers to both suppliers and customers expects the total value of transactions on its platform to multiply to $20 billion annually in the next five-six years
Over the course of working with more than 50 start-ups, one of the most valuable learning has been the process of building a bridge of trust and confidence through multiple micro-interactions, say Siddarth and Pranav Pai
Apart from gauging the category position of a company, Trifecta also spends time with equity investors to ensure that expectations are aligned, says managing director Rahul Khanna.
As consumption patterns change due to social and environmental dynamics, Lightbox' Sandeep Murthy stresses on the need to build solutions for these complex problems.
Given market diversity and a whimsical regulatory framework, one must build businesses for the long term in India to build significant value, says Ventureast's Sarath Naru
The funds will be utilised to strengthen the footprint of the company in new cities, franchise model, technology and recently announced consumer lending business
Having raised funding of $11 million, the company expects to expand to 100 cities across 10 states and reach the underserved strata in the e-retail space.
With expectations that the number of start-ups in India will double, the government must make clear and consistent policies to help them scale and survive.
The funding for Dunzo comes at a time when the company is battling deep discounting from food delivery start-ups and the entry of e-commerce giant Amazon into the hyperlocal space.