wordpress blog stats
Connect with us

Hi, what are you looking for?

Kalaari Capital’s incubation program to invest $20M in 40 startups

Venture capital firm Kalaari Capital is planning to launch a seed and incubation program called KStart to invest about $20 million in 40 startups over the next 2 years, reports ET. According to the report, the VC firm has not made any seed deals in the last 10 years, but launched this because it felt a requirement and gap in the market in terms of mentoring. Interestingly, in June last year, online food delivery company Holachef did raise Rs 20 crore in seed funding led by Kalaari Capital and India Quotient. Kalaari also has investments in Haptik, Instamojo, Myntra, Snapdeal, Swipe, YourStory and Zivame among others. The company’s KStart will invest about $500,000 in each startup through convertible notes, a debt instrument of bonds which can be converted to shares later. KStart will have quarterly batches of up to 5 startups. The company will have the option to invest up to 50% in new funding rounds raised by its portfolio companies, to minimise risk. It has also appointed Padmasree Warrior, former CTO of Cisco and Varsha Rao, global expansion head of Airbnb to mentor the startups in this program. In February last year, Ratan Tata, Tata Sons chairman emeritus, joined the VC firm in an advisory role, to guide and mentor founders of startups in Kalaari’s portfolio. Kalaari Capital’s investments in 2016: - Earlier this month, Truebil, an online marketplace for used cars, raised Series A funding worth Rs 35 crore from Kalaari Capital, Inventus Capital and Tekton Ventures, with…

Please subscribe/login to read the full story.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ