Indian startups attract attention of new venture capital investors

Almost half-a-dozen first-time venture capital investors have made their debut since the beginning of this year, indicating growing investor interest in India’s start-ups. Some such investors include Montane Ventures, an early-stage venture capital firm that counts Ajay Piramal’s family office as its lead investor; 021 Capital, founded by Sailesh Tulshan, the personal investment adviser to the Flipkart’s Bansals; Fundamentum, a…

Tiger Global slowly steps up pace of India investments

Tiger Global Management is slowly increasing its pace of investments in start-ups after reaping attractive returns from share sales in Flipkart and Ola. Once the most prolific start-up investor, Tiger had almost entirely stopped investing in the past two years after its rosy investment thesis on the consumer internet business did not play out. Instead, the New York-based firm shifted…

India’s richest religious group thinks the startup boom can make it even richer

At a time when American and Chinese investors are seeking supremacy over its booming startup ecosystem, India’s richest religious community has forayed into the sector, funding and nurturing entrepreneurship. The Jain International Trade Organisation (JITO), a network of influential industrialists, entrepreneurs, and professionals from the Jain community, hosted an Investor Pitch Day in Mumbai earlier this month. The idea was…