Kalaari Capital Launches its Third $290M India Fund

Vani Kola led venture capital firm Kalaari Capital has launched a new India fund of $290 million (Rs. 2000 crore). It’s the company’s third firm in nine years. The company has fully deployed its previous fund ($160 million) and invested in more than 60 startups in the country such as Snapdeal, Urban Ladder, Myntra, Zivame, Bluestone, etc.

With its third fund, the company has already made a few investments. The investments from its first fund ranged between $1 million and $2 million.

“We plan to invest $2-5 million across 30 startups from the new fund, as also participate in new rounds of fund raising by our portfolio companies,” said Vani Kola.

The new fund has been raised from the same institutional investor who had invested in previous funds as well. Ratan Tata has also joined the company as an advisor and even invested in his personal capacity in some the Kalaari portfolio companies.

Founded in 2006 by Vani Kola, Kalaari invests in early stage ventures in India. Its first and second round had 3 partners each, and its third round is managed by five partners, as reported by TOI.

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  • hemenparekh

    MYTH OF JOB
    CREATION ?

    Or , if you like , call it :

    Truth of Job Creation
    !

    In its poll manifesto ( 25 March 2014 ) , Congress
    party promised to create 100 million new jobs in 5 years ( ie: 20 million /
    year )

    If elected to power , of course !

    This , despite having created only 1.3 million jobs
    between 2004-2009 ( from 457.8 million to 459.1 million / NSSO report )

    But the leaders who drafted BJP manifesto were much
    more practical / pragmatic

    In its Manifesto , BJP said :

    ” Encourage and empower our youth for Self
    Employment – incubating entrepreneurship as well as facilitating credit ”

    Why did it say so ?

    Take a look at the following news ( DNA / 11 Sept 2015
    ) :

    Against 368 vacancies of ” Peons ” advertized
    by UP Govt , applications received were as follows :

    * Total Number
    of applicants………….. 20 lakh

    { 5,435 applicants for each post ! }

    * No of
    PhDs………………………………
    201

    * No of Master
    Degree holders………… 20,056

    * No of Bachelor
    Degree holders………. 1,23,000

    * No of 12th
    Standard pass…………….. 6.00.000

    * No of 10th
    Standard pass…………….. 8,20,000

    { Minimum
    prescribed Edu Qualification }

    I suppose these are those 20 lakh unemployed youth who
    registered on the UP Employment Exchanges , within the first 7 months of Shri
    Akhilesh Yadav forming the SP government !

    Of course , those not getting appointed as Peons , will
    continue to receive every month , Rs 1,000 , by way of Unemployment Allowance ,
    earlier announced by SP Govt

    Now , if ” Providing Jobs / Employment ” , is
    a ” State Subject ” , then SP Govt in UP , may want to stop this
    dole-out , and replace it with the ” Start Up Act – 2015
    ” described in detail on :

    hemenparekh….in….Blogs

    { A New Economic Order ? aka ” Start Up Act – 2015
    ” }

    It is time to dispel the Myth that either Industry or
    Government can ever succeed in creating 12 million new jobs each year !

    ————————————————————————-

    hemen parekh

    14 Sept 2015

    B2BmessageBlaster