Fund 2

“So one is what we refer to as seed investing, where we will cut checks from everywhere from about you know, 150 K to about 500 K would be the first check size, and we would continue to prorate on at least two to three rounds in each of those deals capping out …”

“So first fund was 125 crores. We funded nine companies out of it. And we wrote down two of them. We have we launched a second fund, which in, in 2016, this was a 300 crore fund. Where we funded about 19 companies.”

“But I will only feel happy if I am able to do double digit multiples. I believe that we will do that in a fund too.”

“So for example, fund two is marked up at six X, but at 10 X, but six out of that 10 is share chat.”

“There were some very high quality LPs that were keen on coming in the fund. We talked to our existing LPs as well. And collectively, we all felt that the fund will be a lot stronger by having them as part of the platform than not having them. So we ended up ex…”