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Top 9 Kalaari Capital Investments Portfolio in India

Udit Agarwal

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Top 9 Kalaari Capital Investments Portfolio in India

Bengaluru-based early stage venture capital firm Kalaari Capital was founded by Vani Kola in 2006. It invests in technology-enabled startups across Fintech, Edtech, health and fitness, e-commerce, digital media, and mobile domains.

Kalaari Capital has invested in more than 50 startups in India, since its inception, strengthening the Indian startup ecosystem.

Kalaari Capital Portfolio in India

Here is a list of top 9 Kalaari Capital investments in India:

1- Myntra

myntra

myntra

Bengaluru-based fashion e-commerce platform Myntra was founded by Mukesh Bansal, along with Vineet Saxena and Ashutosh Lawania in 2007. It offers a wide range of fashion products across categories like footwear, topwear, bottomwear, bags, watches, and jewelry. Myntra was later acquired by the Indian e-commerce giant Flipkart in 2014.

Kalaari Capital has been one of the early investors in the fashion e-tailer, helping it in its early growth stage. The venture capital firm first invested $5 million in Myntra’s series A round, along with New Enterprise Associates, IDG Ventures India, and Accel Partners in November 2008.

2- Snapdeal

SNAPDEAL

SNAPDEAL

New Delhi-based e-commerce startup Snapdeal was founded by Kunal Bahl and Rohit Bansal in 2010. The startup provides a platform offering a wide range of products including mobiles, electronics, computers, books, and toys.

In January 2011, Kalaari Capital first invested $12 million in Snapdeal’s series A round, along with Nexus Venture Partners.

Must Read: Top Helion Venture Partners Portfolio funding Companies

3- Curefit

CURE FIT

CURE FIT

Bengaluru-based health and fitness startup Curefit was founded by former Flipkart executives Mukesh Bansal and Ankit Nagori in 2016. Kalaari Capital has backed the health and fitness startup from the very beginning, helping it grow and mature. In July 2016, Curefit first raised $15 million in funding from Kalaari, IDG Ventures, and Accel Partners.

4- Dream11

DREAM11

DREAM11

Mumbai-based fantasy sports platform Dream11 was founded by Harsh Jain and Bhavit Sheth in 2012. The skill-based platform offers sports fans an opportunity to showcase their knowledge in various fantasy sports like cricket, football, kabaddi, and NBA, to win some real cash. It further engages fans to create a comprehensive gaming platform by enabling deeper connections.

Dream11 first raised an undisclosed amount of funds from Kalaari Capital in January 2015. Last month, Dream11 raised $100 million in series D round led by Tencent Holdings.

5- Vyome Biosciences

vyome

vyome

New Delhi-based bio-pharmaceutical startup Vyome Biosciences was founded by Venkateswarlu Nelabhotla and Shiladitya Sengupta in 2010. It is an innovation-driven, clinical stage speciality pharmaceutical company providing novel technologies and a robust pipeline for IP based drugs for antibiotic-resistant acne and other skin pathogens.

Kalaari Capital first invested $3.3 million in series A round, along with Navam Capital and Aarin Capital in September 2012.

Must Read: Norwest, Kalaari invest more into logistics tech startup ElasticRun

6- Power2SME

powersms

powersms

Gurugram-based Power2SME was founded by R Narayan in 2012. It provides a platform for small and medium businesses (SMEs) to source input materials like chemicals, steel, polymer, and yarn, at economical prices.

Kalaari Capital first invested $2 million in Power2SME’s series A round, along with Inventus Capital Partners in January 2012.

Must Read: Top 10 Portfolio Investments By India Quotient in India

7- YourStory

yourstory

yourstory

Bengaluru-based digital media startup YourStory was founded by Shradha Sharma in 2008. It offers content covering the stories of budding and seasoned entrepreneurs in the Indian startup ecosystem. YourStory has a presence across the country and offers text and video-based content in 12 Indian languages including Hindi, Kannada, Malayalam, Gujarati, and Bengali.

In August 2015, YourStory first raised $4 million from Kalaari Capital in series A funding, along with Qualcomm Ventures, 3one4 Capital, Ratan Tata, and Mohandas Pai.

8- Rubique

rubique

rubique

Mumbai-based fintech startup Rubique was founded by Manavjeet Singh in 2014. It provides a technology platform to offer loans and other financial products to individuals and SMEs, in order to further their goals. Rubique uses a proprietary AI-based engine to match the borrower to a lender, based on their requirements.

In September 2015, Kalaari Capital first invested $3 million in Rubique’s series A round, along with YourNest Angel Fund and Globevestor.

Also Read: FreshMenu in funding talks to raise $75 million from new Investors

9- EdGE Networks

edge networks

edge networks

Bengaluru-based AI-powered HRtech startup EdGE Networks was founded by Arjun Pratap in 2012. It leverages artificial intelligence and data science to provide HR solutions like talent acquisition, internal workforce optimization, and talent analytics, empowering businesses with talent fit for their organizations and creating value.

Kalaari Capital has been a part of this revolutionary startup, investing $4.5 million in series A funding, along with Ventureast, in October 2017.

Along with providing capital for the growth and expansion of startups, Kalaari Capital also helps the Indian startup ecosystem through Kstart, a seed initiative for Indian startups. Under the initiative, the firm provides capital for growth, access to leading Indian entrepreneurs, access to leading technology partners, and workspace to create and innovate new products.

Must Read: Blume Ventures in India portfolio in India

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IIM-A incubator, OmniActive’s Mariwala invest in agri-tech startup Sattvaponics

Udit Agarwal

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Mumbai-based agritech startup Sattvaponics has raised an undisclosed amount of funding from Indian Institute of Management, Ahmedabad’s (IIMAs) Centre Centre for Innovation Incubation and Entrepreneurship (CIIE) and Sanjay Mariwala, Founder and Managing Director of OmniActive Health Technologies.

This investment marks the ninth investment by CIIE in the agritech sector, in line with its objective of supporting breakthrough innovations that tackle India’s most pressing problems.

Sattvaponics was founded by Kevin Parekh and Ashish Korde in 2017. It aims to change the nutraceutical industry by producing clean and high potency raw materials. Both the co-founders are nutraceutical professional, with Kevin completing Masters in Medical BioTechnology, while Korde has an MBA from Indian School of Business (ISB).

The high level of contamination of natural products due to pesticides, heavy metals, microbial, low bioactive content, and inconsistency in output due to heavy reliance on weather, soil and traditional means of production, threatening the medicinal food industry.

Although the major part of the natural product value chain consisting of ingredient manufacturers, formulators as well as consumer brands are organized and regulated, Sattvaponics is looking to address the agricultural practices, which remain largely unorganised.

The agritech startup is trying to completely optimise the agricultural life cycle from sowing to harvest, in order the revolutionalise the supply chain, to provide organic, nutritious, and healthy products.

Sattvaponics has one developed product that is already in commercial use and it is currently working on two new products, for which it already has consumer tie-ups, with more products in the pipeline.

Talking about the future plans, Kevin Parekh, Co-Founder of Sattvaponics, said, “We aim to cross 300-400 acres of cultivation in next three years, producing multiple high-value crops round the year, which will benefit the consumers, industry as well as the farmers.”

Other agritech startups strengthening the Indian agricultural ecosystem include Gramco Infratech, Gobasco, Our Food, Agrostar, Kisan Hub, Intello Labs, and Aibono, among many others. Earlier this month, Agritech startup Origo Commodities raised ₹80 crores from Triodos Investment Management, others.

Must Read: Top 9 Kalaari Capital Investments Portfolio in India

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Advent acquires entire 40% stake held by Kedaara Capital in Manjushree Technopack

Udit Agarwal

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US-based private equity firm Advent International has acquired Bengaluru-based rigid plastics packaging solutions provider Manjushree Technopak.

The acquisition marks the exit of Mumbai-based PE firm Kedara Capital, selling its entire 40% stake to Advent for an undisclosed amount. As a part of the deal, Advent has also acquired a portion of the promoter Kedia family’s holdings to gain a majority stake in Manjushree Technopak.

Post acquisition, Vimal Kedia, Founder and Managing Director of Manjushree, along with other senior management members will remain with the company.

According to reports, the deal is expected to value the Bengaluru-based company at around ₹2,440 crores. Founded by Vimal Kedia in 1983, Manjushree Technopak provides rigid plastic solutions to a wide range of FMCG industry verticals including dairy, food products, agrochemicals, pharmaceutical, home care and personal care.

With presence across India and 15 other countries, serves large FMCG multinationals, generating more than ₹890 crores in revenues. Some of its notable clients include Coca-Cola, PepsiCo, P&G, Nestle, and Himalaya, among many others.

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Talking about the investment, Shweta Jalan, Managing Director and Head, India, Advent International, said, “The rigid plastic packaging market is expected to expand by 15% per year over the next five years, which is driven by much more growth in consumer-end markets, the continued shift from glass and paper to plastic packaging, and the introduction of new products. Manjushree Technopack is the market leader in an industry with strong growth tailwinds.”

Earlier in November 2016, Manjushree acquired Delhi-based packaging firm Varahi Ltd for an undisclosed amount. The deal has been made, which will enable the firm to increase the production capacity and customer base, and strengthen its foothold in North India.

The latest deal marks Advent International’s seventh investment in India. Other Advent investments in India include Innerwear brand Dixcy Textiles, ASK Group, a wealth and investment management business, QuEST, a global engineering solutions provider, Crompton Greaves, and CARE Hospitals.

Must Read: SoftBank may invest $200 Mn in Nykaa at over $700 Mn valuation

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BookMyBai.com raises pre-series A Round from Japan-based fund

Udit Agarwal

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BookMyBai.com raises pre-series A Round from Japan-based fund

Mumbai-based online domestic help provider BookMyBai has raised an undisclosed amount of funds in pre-series A round from Japan-based social venture fund ARUN Seed. Other Japanese angel investors also participated in the funding round.

The funds raised will be used to expand market share in the cities it already has a presence, along with launching operations across Hyderabad and Delhi.

BookMyBai was founded by Anupam Sinhal and Vickash Chowdhury in 2015. It provides an online platform to enable homeowners to hire domestic help in a seamless manner. The platform offers domestic helpers across various categories including maid, babysitter, nanny, senior citizen care, and cook.

The platform does an extensive background check of helpers with identity check, document verification, in-person interview, along with training sessions, to provide a trustworthy domestic help to its users.

The marketplace offers more than 50,000 experienced domestic helpers across Mumbai, Pune, Bengaluru, Ahmedabad, Surat, and Kolkata.

“They as of now is working on thousands of marginalized women who are now earning enough money to support families. We see this as an opportunity to be able to support a startup which is not only sustainable but also has a large social impact amongst the rural households” said Satoko Kono, President, ARUN LLC.

The platform is also planning to launch a multi-lingual app for the workers through which the workers can look for a job in real-time, further enabling the workers and helping them find a suitable job based on their needs.

Earlier in 2015, BookMyBai raised ₹1 crore from Hyderabad-based investment platform 50K Ventures. Other players in the domestic help provider domain in India include Helper4U, MyDidi, GDH Workforce, and MyChores, among others.

Indian domestic help industry is highly unorganized and the foray of startups in the segment will not only ensure a platform for domestic helpers to find job readily but also provide easy access to domestic help for homeowners.

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