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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With Reliance as the sole LP in Kalaari’s new fund, there’s no mistaking that Kola is the most powerful single general partner investor in India.
Earlier this month, Kalaari Capital said it has raised $200 million from Jio Platforms, which houses the telecom and internet services business of Mukesh Ambani’s Reliance Industries, and which counts Google and Facebook as investors.
In the email, Kola said Kalaari, which has backed e-commerce companies such as Myntra, Snapdeal and Urban Ladder, was “honoured to have RIL as an anchor LP or limited partner in its recent fund” and that the two firms shared a “common enthusiasm” for investments in startups and the digital development of Bharat.
“I felt it was important to discover and develop the Indian LP …
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
