Sponsored by

Venture capital firm Kalaari Capital closes $150 mn fund

New Delhi: Venture capital firm Kalaari Capital today said it has closed a $150 million fund, which will be invested in areas like software products and services, e-commerce, mobile and telecom services, education and healthcare.

Kalaari's India advisory team consists of Vani Kola, Kumar Shiralagi, the continuing Managing Directors from IndoUS Advisors (IUVP), and Rajesh Raju. "The team has advised investments in over 35 companies since 2006, investing 100 million and continues to seek companies that are capturing new markets and providing innovative solutions," Kola told reporters here.

 Venture capital firm Kalaari Capital closes 0 mn fund

Moneycontrol.com

Kalaari will make investments of USD 1-5 million in early stages of growth in companies that are less than three years old and have received little or no prior institutional funding, he said.

The initial capital is primarily utilised for customer acquisition, market validation, producty development and hiring.

"The advisory team focusses on technology-savvy companies in areas like software products and services, e-commerce, mobile and telecom services, education, healthcare, media and clean tech," Kola said.

Kalaari has started making investments in companies including Hands Free Networks, Lapis, Magzter, Urban Ladder, Vyome and Zivame, among others.

PTI

Your guide to the latest election news, analysis, commentary, live updates and schedule for Lok Sabha Elections 2019 on firstpost.com/elections. Follow us on Twitter and Instagram or like our Facebook page for updates from all 543 constituencies for the upcoming general elections.

Updated Date: Dec 20, 2014 12:21:31 IST