It has backed startups such as Faasos, Embibe, Furlenco and Droom
The company has pledged to invest at least $5 billion in India
The combined corpus of the funds is about $244 million.
Morgan Stanley, Fidelity, Valic and Vanguard hold a small stake.
This would allow 500Startups to do more seed-stage investments in India.
It is seen as a sign of Kalaari’s willingness to reach a deal with SoftBank.
Differences between Snapdeal investor SoftBank and 2 other shareholders persist.
For VC firms, particularly home-grown ones, any cash is welcome.
Fortigo had raised $2 million in seed funding from both Nilekani and Accel at the time of its launch.
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