Kalaari announces closing of its $150mn fund

Most investments of less than 3yr old have received little or no prior institutional funding

Kalaari Capital today announced the closing of its $150 million (Rs 789 crore)fund, Kalaari Capital Partners II. Kalaari Capital Partners II is a venture capital fund with its advisory team based in Bangalore investing in early-stage, technology-oriented companies in India.

Kumar Shiralagi, Managing Director, Kalaari Capital said, “We continue to strongly believe in the potential of early stage investing in India and will remain focused on early stage investments across a wide spectrum of sectors that capture the India growth story.”

Most investments are made in companies that are less than three years old, have received little or no prior institutional funding, and require capital in the range of $1 million (Rs 5.26 crore) to $5 million (Rs 26.3 crore).

Some of the investments made include in companies like Hands Free Networks, Lapis, Magzter, Mettl, Simplilearn, Urban Ladder, Vyome and Zivame.