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Amid cost conservation focus, startups keep tighter rein on top rung hikes during appraisals, ET Retail

Startups and ecommerce companies are focusing on profitability and cost conservation, with some holding back pay raises for senior staff during appraisals. Some founders are forgoing hikes on their own, while others are forgoing them. Sandeep Murthy, partner at VC fund Lightbox Ventures, suggests that the main goal is to create a stakeholder advantage.
Sandeep Murthy Lightbox Ventures Post Conservation Senior Management Sandeep Murthy

Zeno Health: Pharmacy startup Zeno Health raises $25 million in funding round led by STIC Investments

Existing investor Lightbox is a significant participant in the round. The Mumbai-based investor had first invested in the company in 2019. So far, it has deployed $25 million into the company and holds 30% equity in the firm, Lightbox Ventures founding partner Sandeep Murthy told ET in an interaction.
Siddharth Gadia Sandeep Murthy Girish Agarwal Derrick Kihyun Yun Offering College Zeno Health

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