<article>YES Bank founder and chairman Rana Kapoor&#8217;s family office Three Sisters plans to invest $150 million in startups, while the Hinduja family picks up stake in UACTIV.</article>

YES Bank founder and chairman Rana Kapoor&#8217;s family office Three Sisters plans to invest $150 million in startups, while the Hinduja family picks up stake in UACTIV.
<h3>Rana Kapoor&#8217;s family offices plans to invest $150m in startups</h3>
The family office of <a style="color: #000080;" href="http://dealstreetasia.com/tag/yes-bank" target="_blank" rel="noopener noreferrer">YES Bank</a> founder and chairman Rana Kapoor, which is run by his three daughters, plans to invest $150 million to incubate and fund new businesses, according to <a style="color: #000080;" href="http://economictimes.indiatimes.com/small-biz/startups/rana-kapoors-daughters-bet-on-startups-new-business-invest-rs-965-crore/articleshow/58523244.cms" target="_blank" rel="noopener noreferrer">a report</a> in The Economic Times.
The family office, The Three Sisters, is keen to invest in sectors including education, tourism, family entertainment centres, and agri-logistics.
“We are not really passive investors,” said Radha Kapoor Khanna, promoter of The Three Sisters. “Our model has been to partner with good management teams at a concept stage and build businesses for the long term,” she said.
The family office has already invested $100 million in a variety of ventures since its inception nine years ago, including in <a style="color: #000080;" href="http://dealstreetasia.com/tag/presto" target="_blank" rel="noopener noreferrer">Presto</a> and <a style="color: #000080;" href="http://dealstreetasia.com/tag/awfis" target="_blank" rel="noopener noreferrer">Awfis</a>.
<h3>Hinduja Family backs sports &amp; fitness startup UACTIV</h3>
The <a style="color: #000080;" href="http://dealstreetasia.com/tag/hinduja" target="_blank" rel="noopener noreferrer">Hinduja family</a> has picked up a stake in UACTIV.com, a social networking and discovery platform for sports and fitness enthusiasts, for an undisclosed amount, said <a style="color: #000080;" href="http://economictimes.indiatimes.com/small-biz/startups/hinduja-family-buys-stake-in-sports-startup-uactiv/articleshow/58523507.cms" target="_blank" rel="noopener noreferrer">a report</a> in The Economic Times.
According to the report, Hindujas acquired the stake in December when it acted as the lead investor in UACTIV&#8217;s first seed round funding.
“While they do not intervene in management-related matters, they do provide the startup with their mentorship,” UACTIV cofounder Atish Chhabria told the news paper.
UVACTIV plans to spend a majority of the funding in strengthening its technology while the remaining would be spent on marketing and operational expenses.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/31113-31113/" target="_blank" rel="noopener noreferrer">India: Hinduja Group leads $100m funding in Swiss virtual reality firm MindMaze</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/sequoia-capital-invests-20m-in-awfis-a-shared-workspace-start-up-71182/" target="_blank" rel="noopener noreferrer">Sequoia India invests $20m in shared workspace start-up Awfis</a>

YES Bank founder Rana Kapoor's family office Three Sisters plans to invest $150 million in startups, while the Hinduja family has picked up stake in UACTIV.

India Digest: Rana Kapoor family office to invest $150m; Hinduja family backs UACTIV

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

India Digest: Rana Kapoor family office to invest $150m; Hinduja family backs UACTIV

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief