Kalaari Capital Launches its Third $290M India Fund

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Vani Kola led venture capital firm Kalaari Capital has launched a new India fund of $290 million (Rs. 2000 crore). It’s the company’s third firm in nine years. The company has fully deployed its previous fund ($160 million) and invested in more than 60 startups in the country such as Snapdeal, Urban Ladder, Myntra, Zivame, Bluestone, etc.

With its third fund, the company has already made a few investments. The investments from its first fund ranged between $1 million and $2 million.

“We plan to invest $2-5 million across 30 startups from the new fund, as also participate in new rounds of fund raising by our portfolio companies,” said Vani Kola.

The new fund has been raised from the same institutional investor who had invested in previous funds as well. Ratan Tata has also joined the company as an advisor and even invested in his personal capacity in some the Kalaari portfolio companies.

Founded in 2006 by Vani Kola, Kalaari invests in early stage ventures in India. Its first and second round had 3 partners each, and its third round is managed by five partners, as reported by TOI.

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