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

YES Bank founder and chairman Rana Kapoor’s family office Three Sisters plans to invest $150 million in startups, while the Hinduja family picks up stake in UACTIV.

Rana Kapoor’s family offices plans to invest $150m in startups

The family office of YES Bank 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 report 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 Presto and Awfis.

Hinduja Family backs sports & fitness startup UACTIV

The Hinduja family 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 report in The Economic Times.

According to the report, Hindujas acquired the stake in December when it acted as the lead investor in UACTIV’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:

India: Hinduja Group leads $100m funding in Swiss virtual reality firm MindMaze

Sequoia India invests $20m in shared workspace start-up Awfis

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.