Globally, the theme of operator-led capital (i.e. founders investing in founders at the early stage) has been playing out. This is especially true in India:

Globally, the theme of operator-led capital (i.e. founders investing in founders at the early stage) has been playing out. This is especially true in India:

In the recent years (≤ 10 years) we’ve seen:

1. Zerodha - Nksqr (family office), Rainmatter (health, climate & fintech fund) and Gruhas (proptech fund)
2. Razorpay - Mars Shot Ventures (fund)
3. Snapdeal - Titan Capital (family office & fund)
4. Haptik & CRED - PeerCheque (syndicate)
5. Flipkart - 021 Ventures (fund)

💡 And, this theme has played out over a longer window (> 10 years) where funds started by Indian founders have scaled up sizably (i.e. > $200M AUM)

1. Bazee - Nexus Venture Partners (fund) & Matrix Partners India (fund)
2. Infosys - Fundamentum (fund)
3. InfoEdge- InfoEdge Ventures (fund) & Capital2B (deep tech fund)

Will be interesting to see how today’s new crop of operator-led capital evolves to form long term investing institutions.

➡️More such capital is only good for founders who will have more choices of “mentors with money”

startups india venturecapital

This post was originally shared by Rahul Mathur on Linkedin.