Are India's brick-and-mortar startups no longer pariahs for VC firms?

Are India's brick-and-mortar startups no longer pariahs for VC firms?

Photo: Mint

Even about 18 months ago, Maverix Platforms Pvt. Ltd, a Mumbai-based start-up that retails ready-to-cook food under the Fingerlix brand, would not have been on the radars of most venture capital firms in the country. Last month, it scored $7 million in a new round of funding led by Accel Partners, the venture capital firm better known for its bets on consumer internet and technology businesses.

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