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Several startups that turned to venture debt to ease their liquidity concerns until their next fundraising are now seeking extensions for repaying those loans
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.
Mumbai: Healthtech platform Zeno Health on Tuesday said it has raised $25 million in its Series C funding round led by Korean private equity investor STIC
Zeno Health has closed $25 million in a Series C funding round led by Korean private equity investor and Dunzo-backer 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.