Alok Mittal, the former head of Canaan Partners in India, hates the word ‘vindication’, and prefers to put the fund’s success down to getting the basics right.
Late last month I wrote about Canaan Partners India and how it stands vindicated, albeit in hindsight. Four companies out of its portfolio of 15 have either gone public or are in the process of doing so; the three that have listed already are Bharat Matrimony, Happiest Minds and Equitas Small Finance Bank while the fourth, CarTrade, filed its draft prospectus for an initial public offering last month. This is what I said in the earlier piece, which if you haven’t read already, you must:
Canaan Partners entered India in 2006 as an arm of the global VC fund …
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.
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