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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.
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.
Editor's note: 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 base for the long-term viability of our industry. My interactions with RIL senior management inspired me to request them to consider being an LP at Kalaari... Their thorough diligence, fair terms and transparent process met our expectations of a blue-chip LP,” Kola, a long-time investor in India’s thriving consumer internet sector, said in the email. From Reliance on board as limited partner in Kalaari Capital’s 4th fund• The Economic Times I’ve looked at this particular email sent out by Vani …
The Abu Dhabi investment firm just upped the AI stakes, private debt in the Gulf is having its moment in the sun, and other updates from this week.
Mukesh Ambani wants investors to price Reliance Industries’ IPO-bound telecom arm like a technology business. In reality, Jio’s tech ambitions remain a work in progress.
While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.
