India: Kalaari Capital’s Vani Kola steps down from Urban Ladder board

Kalaari Capital co-founder Vani Kola. Photo: Kalaari Capital website

Vani Kola, managing director of early-stage venture capital firm Kalaari Capital has resigned from the board of directors of online furniture startup Urban Ladder. According to her letter of resignation, accessed through data intelligence platform Paper.vc, Kola attributed her resignation to other commitments.

“I hereby tender my resignation from the directorship of the company with immediate effect on account of other engagement,” read the letter dated August 19, 2019.

This comes in the backdrop of Urban Ladder’s funding crunch following which the firm had laid off around 90 employees in June.

Mint couldn’t immediately determine the reason for Kola’s resignation. An email sent to Kola is yet to elicit a response.

This isn’t the first time Kola has resigned from the board of her investee companies. In 2017, Kola resigned as director of e-commerce marketplace Snapdeal during the time it was going through a turbulent time and was preparing to be sold to rival e-commerce firm Flipkart.

The article was first reported on Livemint.com

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.