Kalaari Capital To Invest Around $50 Million To Close Its Third Fund

Early-stage investor Kalaari Capital is eyeing to close 10 more deals as it inches closer to wrapping up its third fund of around $275 million, Vani Kola, managing director, told BloombergQuint in an interview.

Of the total fund, a part is set aside for growth companies. “That leaves us with the main fund of $210 million, out of which we have closed around 20 companies so far,” she said. Kalaari is left with 25 percent that it will “invest in about 10 companies in one year.”

The venture capital firm has backed more than 60 startups like online furniture retailer Urban Ladder, online lingerie store Zivame, travel portal Via.com and ecommerce company Snapdeal, among others. It’s big success was exit from Myntra in 2014 when the fashion retailer was sold for $330 million to Flipkart, Bloomberg had reported.

It had raised its third fund in September 2015, and typically invests about $2-5 million. Kola said the company is looking to invest in areas like internet and mobile, fintech, health and enterprise.

The fourth fund will also be in the range of $200 million. Kola first raised a $210 million fund in 2006, and has pooled in $650 million in all from investors.

Watch the full interview here.