Kalaari Capital commands a somewhat envious position in the Indian venture capital industry. It is a stakeholder in two of the country’s most valuable start-ups—etailers Flipkart and Snapdeal. Based on the current valuations of these firms, at $15 billion and $6.5 billion, respectively, the Bengaluru-based venture capital firm is easily sitting on extremely profitable mark-ups on the value of its stakes.
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