Kalaari Capital raises $290m third India fund; ropes in ex-Microsoft India chairman Ravi Venkatesan & ex-Casitron CEO Ram Gupta as advisors

Visual sourced from the company's website

Venture capital firm Kalaari Capital has raised a fresh $290-million (Rs 2,000 crore) fund from the same group of investors as its earlier funds to meet the rising investments needs of early-stage ventures in India, according to a report in the Times of India.

This is Kalaari’s third fund in the last nine years. Having invested from its previous fund of $160million in over 30 startups, the firm intends to use the new fund capital fully by investing $2-5 million across 30 startups over the next 3-4 years.

“While the focus of fund-II was vertical e-commerce companies and education technology, in the third fund, we are looking to invest in new models in e-tailing and enablers which will help the market expand from $10 billion to $100 billion,” Rajesh Raju, MD of Kalaari Capital told TOI.

India’s e-commerce market is expected to reach $6 billion in 2015, a 70% increase over 2014 revenue of $3.5 billion, according to technology researcher Gartner Inc. Kalaari Capital’s portfolio includes companies like Snapdeal, Myntra, lingerie retailer Zivame and online furniture seller Urban Ladder.

Founded in 2006 by Vani Kola, Bangalore-based Kalaari Capital is an early-stage, technology-focused venture capital firm with $650 million in assets under management. It provides capital to companies operating in India and the US across sectors like technology, healthcare, education, pharma, food and beverages, media and entertainment and retail, and typically invests between $1million-$5 million in each company.

Kalaari is also aggressively strengthening its team of advisors as it ropes in tech veterans Ravi Venkatesan, former India chairman of Microsoft, and former chief executive of Casitron Ram Gupta as advisors on board, as per a report in The Economic Times.

Earlier this year, the firm had also roped in Tata Group Chairman-emeritus Ratan Tata in an advisory role to provide guidance to its portfolio companies. A strong advisory team will help the company build deeper connections with the US technology hub and develop stronger organisation building skills at the same time.

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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.