Several startups that turned to venture debt to ease their liquidity concerns until their next fundraising are now seeking extensions for repaying those loans
The agritech startup had raised debt of about ₹95 crore from Trifecta Ventures and ₹195-200 crore from Alteria Capital, and currently owes them nearly ₹100 crore.
Through the SAP Partner Managed Cloud model, CensaNext envisions a co-branded offering that extends the reach of SAP S/4HANA to small enterprises and startups worldwide.
BP Ravindran, CEO, BrandsNext said, "We believe the Indian Basmati rice market has been growing at a CAGR of 10% in the last three years. Hence, we recognized this as a significant opportunity and introduced Basmati rice and Seeraga Samba Rice with a proposition of consistent Biryani experience for Biryani lovers."
Karthik Jayaraman, co-founder of WayCool Foods, says there is a need for a demand-led supply chain, technology assistance and lower logistics costs to make supply chains more efficient.