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 …
Ashish is the editor-in-chief of The Morning Context. One of the best-known business feature writers in India, he was selected for Germany’s Robert Bosch Stiftung Fellowship in 2012 and received the Mumbai Press Club RedInk certificate of recognition in 2015 for his story “Inside the Network 18 takeover”. Before joining The Morning Context, Ashish co-founded The Ken, where he was managing editor. His previous writing stints include Mint, Forbes India and The Economic Times.
Editor-in-chief
ashish@mailtmc.com
London