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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.
Blume Ventures co-founder Karthik Reddy talks of how far he has come in returning money to his investors, 10 years since his first fund, and lessons along the way.
Karthik Reddy is transparent to a fault. I have known him for some six years, and for the last four, most of our conversations have been about if and how Karthik will return money to his investors. Those who’d invested $20 million in his first fund, the one he raised in 2010 from several high-net-worth individuals in India.
He wasn’t a name then. A first-time fund manager, Karthik’s experience of investing came from his Mumbai Angels days, which suggests no outstanding quality in itself, except the privilege of being part of an elite club. Still, he and his co-founder, Sanjay …
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
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 arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
