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Tag: Omidyar Network India

  • Top 10 Venture Capital Firms in India | Best Active VC Firms

    Startup companies need a certain amount of investment for growth. Wealthy investors like to invest their capital in businesses with long-term growth in view. This capital is known as venture capital and the investors are called venture capitalists. The venture capital investment is made when a venture capitalist buys shares of companies and becomes a financial partner of their business.

    The data recorded at the end of Q3 2019 states that the top 10 most active Venture Capital firms in India alone contribute to 32% of the total deal count in the startup ecosystem. The Venture Capital investment is often termed as risk capital or patient capital. This is because most VC investing capitals or rather a majority of them harbor tremendous risks of parting from the money invested if the venture doesn’t succeed. Besides, the capital coming from venture capital firms or VC funds usually needs a medium to long-term period for the investments to fructify.

    The Indian startups secured over $12.1 billion from the venture capital funds in the first 6 months of 2021, which is $1 billion more than the overall funding that they received last year. Venture Capital (VC) investment in India more than doubled from its previous quarterly high of $6.7 billion in Q2 2021 to $14.4 billion during Q3 2021, according to a recent report by KPMG.

    In the year 2021, the Indian startups have successfully managed to mop up $36 bn worth of funds and most of them came from the VC funding for startups and private equity investments, which increased by 3X from the earlier year. These funds are not only helping the startups find it easier to raise funds but are also adding gear to the Indian startup ecosystem, thereby making it a prominent and growing entity in the global landscape.

    Citing information from Venture Intelligence, the total investments in the first half of 2023 stood at $3.8 billion, which is divergent from the substantial figure of $18.4 billion seen previously.

    Top Venture Capital Firms in India
    Top Venture Capital Firms in India

    Top VC Firms in India –

    Features of Venture Capital Investments
    Methods of Venture Capital Financing

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    Peak XV Partners

    VC Firm Peak XV Partners
    Founder Donald T. Valentine (Sequoia Capital)
    Founded in 2000
    Deals 415
    Notable Investments JustDial, Knowlarity, Practo, iYogi, bankbazaar.com
    Key Sectors Fintech & Enterprisetech
    Stage Early Stage Venture, Late Stage Venture, Seed
    Website Peakxv.com
    Venture Capitalist Firm - Peak XV Partners
    Venture Capitalist Firm – Peak XV Partners

    Sequoia India & Southeast Asia has undergone a rebranding process and emerged as Peak XV Partners. Sequoia Capital the parent organization of Peak XV Partners is an American venture capital firm, headquartered in Menlo Park, California. Sequoia invests in both public and private companies. Sequoia Capital has invested in over 1000 companies since 1972, the list of which includes big names like Apple, Google, Oracle, Nvidia, Github, and more. It is mainly focused on the technology industry. Peak XV Partners has invested in companies such as JustDial, Knowlarity, Practo, iYogi, and bankbazaar.com. It has assets worth $5.4 billion under management in India and it is spread across seven funds.

    Every six months, Sequoia shortlists 15 to 20 startups for each cohort and provides a capital investment of $1 Million to $2 Million with participation from other investors.

    About Venture Capital

    Accel

    VC Firm Accel
    Founder Jim Swartz, Arthur Patterson
    Founded in 1983
    Deals 322
    Notable Investments Freshworks, Swiggy, BlackBuck, Bounce, BookMyShow, Flipkart
    Key Sectors Enterprisetech
    Stage Early Stage Venture, Late Stage Venture, Seed
    Website Accel.com
    Venture Capitalist Firm - Accel
    Venture Capitalist Firm – Accel

    Accel, formerly known as Accel Partners, is an American venture capital firm based out of Palo Alto, California, US. The company has its offices in Palo Alto and San Francisco along with operating funds in India, China, and London. Some of the major companies that Accel has funded over the years are Facebook, Flipkart, Atlassian, Slack, Spotify, Etsy, and more.

    Accel currently has assets of more than $1.6 billion under management. It has closed nearly six funds in India. The company’s portfolio of funding Indian businesses includes names like Flipkart, Swiggy, Blackbuck, Cure.fit, and more. The firm’s growth capital investments focus on more developed companies that require a larger amount of capital to expand their business.

    Accel secured a substantial sum of $650 million in 2022 for its seventh fund, known as Accel India VII. This fund supported early-stage startups in both India and Southeast Asia.

    During the first quarter of 2023, the VC firm actively engaged in 12 investment deals with promising startups. Among the recipients of their investments were Zypp Electric, Kratos Studios, Rigi, and Brick&Bolt. Notably, Accel took part in a total of 48 investment deals over the course of 2022.

    Accel is a venture capital firm that concentrates on the following technology sectors: Consumer, Infrastructure, Media, Mobile, SaaS, Security, Customer care services, Enterprise software, and E-commerce.

    Blume Ventures

    VC Firm Blume Ventures
    Founder Karthik Reddy and Sanjay Nath
    Founded in 2010
    Deals 228
    Notable Investments Dunzo, Unacademy, Instamojo, Procol, HealthAssure, Milkbasket
    Key Sectors Fintech & Enterprisetech
    Stage Early Stage Venture, Seed
    Website Blume.vc
    Venture Capitalist Firm - Blume Ventures
    Venture Capitalist Firm – Blume Ventures

    Blume Ventures is an early-stage and seed-stage venture fund that has its headquarters in Mumbai, Maharashtra, India. The company was founded in 2010 as a venture capitalist firm that aims to improve startup financing in India. Blume Ventures primarily focuses on tech companies. The company launched its first micro-VC fund in 2011, becoming the first institutionalized early-stage investor at that time.

    Blume Ventures raised a $41 Million opportunity fund in 2020, which was one of the largest domestic opportunity funds among the Indian venture capital funds designed to invest in best-performing portfolio companies. From this fund, Blume has invested in Series B to D rounds in firms like Unacademy and Servify. The company had nearly three other funds the last one was $102 Million before the COVID-19 pandemic in India. The VC firm has nearly $225 Million in total capital under management. Blume Ventures boasts of managing capital amounting to more than $280 million and has backed 150+ startups.

    During the year 2022, the venture capital fund successfully concluded a funding round, securing a total of $250 million for its operations. This enabled them to support 31 Indian startups, notable among them being Lambdatest, Pixxel, and Jai Kishan, an agritech startup.

    During the first quarter of 2023, Blume Ventures engaged in funding rounds for 20 startups, providing investments to notable companies including ApnaKlub, Virohan, ElectricPe, and Aerem.

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    Elevation Capital

    VC Firm Elevation Capital
    Founder Andrew Yan
    Founded in 2001
    Deals 170
    Notable Investments Capital Float, Firstcry, Swiggy, IndustryBuying, Aye Finance, Rivigo, Cleartax
    Key Sectors Fintech
    Stage Stage Agnostic, Private Equity
    Website Elevationcapital.com
    Venture Capitalist Firm - Elevation Capital
    Venture Capitalist Firm – Elevation Capital

    SAIF Partners rebranded as Elevation Capital on October 20, 2020, is a stage and sector-agnostic private equity firm in Asia. The firm is headquartered in Gurugram, Haryana, India, and aims to make minor investments in seed-stage, early-stage, and later-stage companies. Elevation Capital (formerly known as SAIF Partners) was started as Softbank Asia Infrastructure Fund (SAIF) in 2001 with a $400 Million fund where Cisco Systems and Softbank Group were the sole limited partner.

    When Elevation Capital started as SAIF Partners, it was headquartered in Hong Kong and was focused on China, India, Hong Kong, and Taiwan. In India, the venture capital firm has offices in Bengaluru and Gurugram. Elevation Capital had already invested in the early stages of companies like FirstCry, Just Dial, MakeMyTrip, Meesho, Paytm, ShareChat, Swiggy, and more. The firm has doubled its investment in Indian firms in 2020 into new segments like edtech, health tech enterprise software-as-a-service (SaaS), entertainment, and direct-to-consumer startups.

    Tiger Global Management

    VC Firm Tiger Global Management
    Founder Chase Coleman III
    Founded in 2001
    Deals 221
    Notable Investments Urban Company, Flipkart, Moglix, OPEN, Ninjacart, Razorpay
    Key Sectors Fintech
    Stage Growth, Late Stage, Private Equity, Post- IPO
    Website Tigerglobal.com
    Venture Capitalist Firm - Tiger Global Management
    Venture Capitalist Firm – Tiger Global Management

    Tiger Global Management LLC operates as an investment firm that is focused on public and private companies in the global Internet, software, consumer, and financial technology industries. The mission is to generate world-class investment returns over the long term. It builds a unique, global investment platform. They invest in high-quality companies that benefit from powerful secular growth trends and are led by excellent management teams.

    Tiger Global Management was founded in 2001 and is headquartered in New York, US, and is one of the most global investors in Indian startups that has started investments of around $300 Million. It has backed more than 13 companies, including a $90 Million round in agri-tech startup Ninjacart and a $60 Million infusion in B2B industrial goods marketplace Moglix in the first half of FY19.

    The company is said to have invested in more than 442 companies across the globe with 7 designated funds. It has also witnessed 64 exits since its inception in 2001. In India, this VC firm has invested in more than 97 startups. Tiger Global is reported to have raised the highest amount of capital amongst venture capital firms between 2007 and 2017. In 2020, Tiger Global helped its investors earn around $10.4 billion, which is more than any other hedge fund on the annual list of London fund-of-funds firm LCH Investments’ top 20 managers.

    Razorpay had been among the companies, which includes Urban Company, Flipkart, Moglix, and more that Tiger Global Management had invested. In the first half of 2019, Tiger Global Management made its founder, Coleman, the top-earning US hedge fund manager in 2020 where the company had mopped in around $3 billion in fees and gains on investments.

    In mid-2022, Fund 15 concluded its fundraising with an impressive total of $12.7 billion, showcasing a significant growth of 2 times compared to the 16th equity fund announced in October.

    In June 2023, Tiger Global successfully secured $2.7 billion for its new fund, though it fell below its initial target of $6 billion.

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    Kalaari Capital

    VC Firm Kalaari Capital
    Founder Vani Kola
    Founded in 2006
    Deals 149
    Notable Investments Cashkaro, Cure.fit, WinZO, Jumbotail, Milkbasket, Myntra, Snapdeal
    Key Sectors E-commerce
    Stage Early Stage
    Website Kalaari.com
    Venture Capitalist Firm - Kalaari Capital
    Venture Capitalist Firm – Kalaari Capital

    Kalaari Capital, founded in 2006 in Bengaluru by Vani Kola. It focuses on technology-related companies in India. Till now it has made more than 92 investments across 3 funds and witnessed more than 15 exits from companies like Myntra and Snapdeal. It has also made a partial exit from Zivame.

    Kalaari Capital manages $650 Million in assets under management. It boasts of a strong advisory team in Bangalore investing in the early stage. Kalaari is passionate about investing in entrepreneurs who are poised to be tomorrow’s global leaders. This firm had funded $290 Million in 2015, which was the largest fund by an Indian VC at that time.

    Matrix Partners

    VC Firm Matrix Partners
    Founder Paul J. Ferri
    Founded in 1977
    Deals 168
    Notable Investments Avail Finance, Vogo, DailyNinja, Stanza Living, MoEngage
    Key Sectors Fintech & E-commerce
    Stage Early Stage Venture, Seed
    Website Matrixpartners.in
    Venture Capitalist Firm - Matrix Partners India
    Venture Capitalist Firm – Matrix Partners India

    Matrix Partners is a US-based private equity investment firm focused on venture capital investments. The firm invests in seed and early-stage companies in the United States and India. It mainly concentrates on the software, communications, semiconductors, data storage, Internet, or wireless sectors. Matrix has invested in Apple Computer, Alteon WebSystems, and Office Club. It is said to have nearly $1 Bn as assets under management (AUM). The company has invested in more than 549 companies throughout the world with its second fund. Online gaming platform Zupee raised $10 Million in a funding round led by US-based growth equity firm WestCap Group and existing investor Matrix Partners India.

    The firm has also noted 120 successful exits from companies like HubSpot and Oculus. The firm entered India back in 2006 under the leadership of general partners Avnish Bajaj and Rishi Navani.

    Nexus Venture Partners

    VC Firm Nexus Venture Partners
    Founder Sandeep Singhal
    Founded in 2006
    Deals 137
    Notable Investments WhiteHat Jr, Delhivery, Rapido, Unacademy, Druva, Jumbotail, Bolo App, Pratilipi, Zomato
    Key Sectors Enterprisetech
    Stage Early Stage Venture, Seed
    Website Nexusvp.com
    Venture Capitalist Firm - Nexus Venture Partners
    Venture Capitalist Firm – Nexus Venture Partners

    Nexus Venture Partners was founded in 2006. Silicon Valley and Mumbai-based venture capital firm, Nexus Venture Partners is the first India-US venture fund. The company has grown to be a popular venture capitalist firm that has helped a list of companies to raise funds like WhiteHat Jr., Rapido, Delhivery, Zomato, and more.

    The firm makes investments in early-growth stage companies with an average ticket size of $500K-$10 Million. The firm had raised $100 Million in its first fund. It is said to have more than $1.4 Billion in assets under management as of FY 19. The firm has invested in over 100 startups such as Zomato, Snapdeal, Delhivery, Goodera, etc. Its successful exits include Gluster, Gitter, ElasticBox, and MapMyIndia among others.

    By March 2023, Nexus Venture Partners had successfully raised a total of $2.6 billion in funding in a span of seven funds.

    Indian Angel Network

    VC Firm Indian Angel Network
    Founder Saurabh Srivastava, Padmaja Ruparel, Raman Roy
    Founded in 2006
    Deals 189
    Notable Investments WebEngage, Wow! Momo, Druva, Box8, Faballey, Little Black Book
    Key Sectors E-commerce & Agriculture
    Stage Early Stage, Seed
    Website Iangroup.vc
    Venture Capitalist Firm - Indian Angel Network
    Venture Capitalist Firm – Indian Angel Network

    Founded in 2006, in New Delhi, India, Indian Angel Network (IAN) is a group of primarily Indian angel investors funding early-stage startups. The group had 450 members from 11 countries in 2017. Indian Angel Network, India’s first and Asia’s largest angel network brings together successful entrepreneurs and CEOs. The group has invested in companies, such as PregBuddy and SuperProfs. In 2018, one of its founders Padmaja Ruparel was ranked amongst Fortune (magazine)‘s list of The Most Powerful Women in India.

    On Nov 8th, 2020, the Indian Angel Network (IAN) announced the joint with Bangladesh Angels Network (BAN). The aim is to work together to source, cross-refer, and promote linkages in technology-enabled startups in India and Bangladesh to create an enabling environment for venture investing in both ecosystems. IAN is a SEBI-registered early-stage fund with more than 470 investors from around 11 countries. It aims at investing up to $1 Million, with an average ticket size of about $400K-$600K.

    By October 2022, Indian Angel Network had successfully raised a total of ₹20.5B billion in funding in a span of four funds.

    Omidyar Indian Network

    VC Firm Omidyar Network India
    Founder Pierre Omidyar
    Founded in 2004
    Deals 360
    Notable Investments Dailyhunt, Indifi Technologies, 1mg, Needslist, Bounce, Platzi, Pratilipi, Healthkart, Doubtnut, ZestMoney, WhiteHat Education Technology
    Key Sectors Fintech & Education
    Stage Early Stage, Seed Stage
    Website Omidyarnetwork.in
    Venture Capitalist Firm - Omidyar Indian Network
    Venture Capitalist Firm – Omidyar Indian Network

    Omidyar Network India was founded in 2004. Omidyar Network India is an investment firm focused on social impact. The company looks to invest in startups that are helping to build more inclusive and equitable societies for the benefit of many. It provides grants to nonprofits in the areas of digital identity, education, emerging technologies, financial services, and more. The company started ReSolve Initiative, which is designed to invest in building solutions for two long-standing themes – MSMEs and migrant workers. The initiative will look to entrepreneurs, thought leaders, and policymakers to come together to reframe and resolve the issues plaguing these areas.

    It has invested over $300 Million into the Indian startup ecosystem. The company has also decided to invest an additional $350 Million (INR 2486 Cr) in the upcoming five years. By this investment, the social impact investment firm also wants to target 500 Million individuals, who have just started using smartphones.

    Features of Venture Capital Investments

    • High-risk investment
    • High Tech projects
    • Participation in Management
    • Length of Investment
    • Illiquid Investment
    How Venture Capital Industry Works
    How the Venture Capital Industry Works

    Methods of Venture Capital Financing

    • Equity financing – Equity financing is the raising of funds by selling the shares of the company. Sometimes companies need money for short-term or long-term investments and the sale of shares proves beneficial in the way that they simply sell their shares or the ownership of the company in return for cash
    • Participating debentures – This is the form of raising capital from venture capitalists and other companies in different phases with varying interest rates. Here, the initial seed round comes without any interest, however, the successive rounds, as the startup grows, are chargeable at increasing interest rates.
    • Conditional loan – Conditional loans are another way of raising funds that do not carry interest. These loans can be availed by startups and other companies to meet their funding needs but they need to be repaid to the lender in the form of royalty once the company starts making revenue. The rate of royalty varies from (2-15)% based on several factors like the gestational period, external risk, and more.
    • Income note – Income notes can be categorized under hybrid financing that is similar to traditional and conditional loans in characteristics when combined. In this form of a fund raised the company for which they have to have both royalty and interest but at comparatively lower rates.
    • Convertible loans – Going by the term, “conditional” loans are the loans that are provided to startups and other business ventures on the condition that if the loan amount is not paid within a stipulated time they can then convert the same into equity.

    The venture capitalist provides the funding knowing that there’s a significant risk associated with the company’s future profits and cash flow. Capital is invested in exchange for an equity stake in the business rather than given as a loan.

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    FAQs

    What is a Venture Capital investment company?

    A venture capital investment company is an investment firm that invests in startups and mentors them for their growth. Venture capital firms are generally made up of well-off investors, investment banks, and other financial institutions.

    How many Venture Capital firms are there in India?

    There are over 800+ venture capital firms in India, as of 2022.

    What are the top Venture Capital firms in India?

    Some of the top Venture Capital firms in India are:

    • Peak XV Partners
    • Accel
    • Blume Ventures
    • SAIF Partners
    • Tiger Global Management
    • Kalaari Capital
    • Matrix Partners
    • Nexus Venture Partners
    • India Angel Network
    • Omidyar Network India

    What are Corporate Venture Capital funds?

    Corporate Venture Capital funds can be defined as the corporate funds that the Corporate Venture Capital firms invest directly in the external startup companies.

    To list some of the top corporate venture capital firms:

    • Brand Capital
    • Amazon and Amazon Alexa Fund
    • Google and Google Ventures
    • Unilever Ventures
    • Samsung Ventures
    • Intel Capital
    • Microsoft
    • Bain Capital Ventures
    • Reliance Capital
    • Mahindra Partners
    • Experian Ventures
    • Lodha Ventures

    How to raise venture capital for a tech startup?

    If you are looking to raise venture capital for a tech startup that is on your mind, then here are some decent ideas that you can go for to raise some venture capital:

    • Set out with a powerful business idea
    • Make a unique and foolproof business and revenue model
    • Make a list of the criteria for getting funds from a specific list of venture capitals
    • Know your venture capital firms
    • Prepare your pitch
    • Reach out to prominent venture capital firms politely and confidently
    • Speak well and support your statements with research data
    • Communicate your ideas clearly
    • Establish your value propositions well
    • Wait for the results

    What are early stage VC firms?

    The early stage VC firms are the venture capital firms that are typically known to support startup businesses in their earlier stages of growth. These stages also include the beginning phase when the projects are still in the market research and development stage.

  • Top 10 VC in India | Best Active Venture Capital Firms in 2022

    Say you have got a brilliant idea for a startup that can change the way we see things, that solves a problem that everyone needs a solution or boosts the economy. But you do not have enough money to put your vision into being. Sure, there are a lot of ways in which a startup can get funding to establish the foundation of the business. But given the fact that three out of four startups fail, who would like to take the risk to invest in a newfound business?

    Capital and startup go together, that is where a VC (venture capital) firm comes into the picture. But if you are not very familiar with the term. Continue reading with us to get an idea of what a venture capital firm is.

    What is a VC Firm and How Does it Work?
    Stages of Funding Rounds
    Other Ways of Fundings for a Startup
    Top 10 Venture Capital Firms in India

    What is a VC Firm and How Does it Work?

    People involved in a Venture Capital firm include entrepreneurs, investors, investment bankers, and venture capitalists. A venture capital firm will invest in your business with the aim of a good ROI (Return on Investment) and have a stake which is usually less than 50% in the ownership of your startup. The other main goals include exiting the investment. Either by selling off their stake or through an IPO (Initial Public Offering) at a profit and giving back to its investors.

    A venture capitalist firm is run by venture capitalists who raise venture capitalist funds by taking money from other people and investing it into promising young companies. These firms could clearly outline which industry they want to invest in. Who are the people they are looking for? What kind of funding do they want to do? At what stage of your business? And how much money are they willing to pool in?

    Stages of Funding Rounds

    • Pre-seed funding round: ‌‌Investments in startups are known as private equity or venture capital. Despite their high risk, these investments also have a greater chance of exponential growth.‌‌
    • Seed funding: This is the earliest stage in the process of raising capital for your startup.
    • The A-series: Funding is for when the company has established product and market fit, started to make some serious buzz and its customer base is growing fast.
    • The B Series: This represents a period when the firm generates significant revenue in particular markets and looks to expand its reach.
    • The C series: Eventually, the company will expand and operate globally. If it is ready for an IPO, it may be purchased by another company or continue operating as a private company.

    Other Ways of Fundings for a Startup

    Besides Seed Funding, there are other ways too, by which a startup can collect funds, some of the common ways are:

    • Bootstrapping is a method of raising pre-seed funds. When a startup bootstraps itself, it means that it launches without the help of external investors. Thus, the cash flow produced by the business itself fuels internal growth. A bootstrapped business may raise capital through customer funding, personal debt, or personal savings in its initial stages, which works as an effective model for some new companies. However, bootstrappers may face cash flow issues due to high levels of personal stress.‌‌      
    • Governments or industry-specific organizations provide grants to these startups for entrepreneurs who do not wish to give up equity, grants are another alternative for venture capital.‌‌    
    • Family, friends, and relatives are usually the first ones to support and invest in your startup. When you haven’t achieved much success or haven’t done anything, that can prove a tangible return on investment. In this scenario, your stakeholders may have limited or no experience with venture capital. Known as the three F’s (Friends, Family, and Fools), this is considered the fourth type of pre-seed funding.‌‌    
    • Pre-seed accelerator programs are the fifth type. Through these programs, founders learn lean startup practices, develop a scalable and repeatable business plan, and show some product-market fit to attract early customers to their product. ‌‌    
    • Lastly, crowdfunding can be used for pre-seed funding, and here financing is approached differently. A crowdfunding campaign is a way of raising money from many individuals in small amounts, often online. The types of crowdfunding include equity-based, reward-based, debt-based, and donation-based.

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    Top 10 Venture Capital Firms in India

    Check out the Top 10 active VC Firms in India in 2022.

    Tiger Global Management

    Founder: Chase Coleman III

    Established: 2001

    Investment stage: Series A to pre-IPO stages of companies

    Industry: Software, Consumer, and FinTech

    Portfolios: 763

    Headquarters: Mumbai

    Tiger Global Management based in New York has affiliate offices in Hong Kong, Beijing, Singapore, and Bangalore. It is one of the most active global tech investors and follows a long-term-based investment approach to generate superior risk-adjusted returns for its investors. They started their public equity in the year 2001 and private equity in 2003 making investments in growth-oriented private companies from early to late stages.

    Last year it was listed under the list of the world’s biggest unicorns with most of the co-investors in the company being Accel, Coatue, and DST Global. Some of their notable investments include companies like Shein, Meta (formerly known as Facebook), Coinbase, AirBnB, Uber, SoftBank, and more. Their latest fund size as of March 2022 is $12.7 billion.

    Omidyar Network India

    Founder: Pierre Omidyar

    Established: 2004

    Investment stage: Early-stage enterprises

    Industry: Digital Society, Education, Emerging Tech, Financial Inclusion, Cities & Innovation, and Property Inclusivity

    Portfolios: 100+

    Headquarters: Mumbai

    Omidyar Network India
    Omidyar Network India

    Omidyar Network India is a part of the Omidyar Group, whose organizations and initiatives are supported by philanthropists Pam and Pierre Omidyar, founder of eBay. This period represents a period when the firm generates significant revenue in particular markets and looks to expand its accompanies to fast-track its growth. As well as giving access to the Center of Excellence Board for strategic and operational inputs.

    They have a total of 102 active investments, raising the combined fund size to around $417 million. Few notable clients of Omidyar Network India are 1mg, Quikr, WhiteHat Jr, Zest, etc.

    Accel

    Founders: Jim Swartz and Arthur Patterson

    Established: 1983

    Investment stage: Pre-seed, seed, early, and growth-stage investments

    Industry: Computing and Storage, Infrastructure, Consumer, Internet & Media, Enterprise Software & Services, Mobile Networking Systems, Retail Consumer, Security, Technology Enabled Services

    Portfolio: 1840+

    Headquarters: Bengaluru

    Formerly known as Accel Partners, Accel has backed up some of the most successful companies like Flipkart, Dropbox, Etsy, Facebook, Spotify, Slack, Vox Media, and many more over the past thirty-five years. Accel has a global community of entrepreneurs and has been‌‌ investing in private companies from their pre-seed, seed, early, and growth-stage investments.

    Founded in 1983, Accel has been one of the most active venture capital firms in Silicon Valley still going strong with their core principles, completing thirty-five years in the industry last year. The company values collaboration, placing the group above everything else, and creating‌‌ investors from within. Accel continues to move forward with its Silicon Valley state of mind. Their most recent investment made was $57M raised by Middesk in June 2022.

    3one4 Capital

    Founders: Pranav Pai and Siddharth Pai

    Established: 2015

    Investment stage: Early-stage venture capital fund

    Industry: Fintech, consumer products, SaaS, digital media, climate tech, and digital health

    Portfolios: 50+

    Headquarters: Bengaluru

    3one4 Capital
    3one4 Capital

    3one4 Capital is a venture capital firm based in Bangalore, India. Specialities include investment in startups based in early stages, seed capital and early investments. The firm works with the founding team, bringing in subject proficiency to find the best strategy for the product market for defensibility, revenue growth, and creating an impact. Focused on delivering uncompromised end-user experiences, curtailing risk, uncovering new growth opportunities, and yielding rewarding outcomes for all the stakeholders involved.

    Interested in the intersection of adjacency that is large, growing, and ready for unique products and services and select market categories, the VC firms’ investments are biased towards companies exploiting technology to create, grow, or dominate large markets in India. Notable investments by 3one4 Capital include companies like Licious, Darwinbox, Jupiter, Betterplace, Open, Bugworks, Koo, Dozee, and Tracxn.‌‌

    Kalaari Capital

    Founder: Vani Kola

    Established: 2006

    Investment stage: Seed and A Series

    Industry: Technology-oriented companies

    Portfolios: 110+

    Headquarters: Bengaluru

    Kalaari Capital
    Kalaari Capital

    Started in the year 2006 by Vani Kola and headquartered in Bangalore, Kalaari Capital is an early-stage technology-focused venture capital firm based out of Bengaluru, India. Kalaari continues to empower and work with visionary entrepreneurs that build unique solutions that reshape the way Indians live, work, consume and transact. Kalaari partners early with founders and works with them to navigate the inevitable challenges of fostering ideas into successful businesses.

    Kalaari believes in being authentic, perceptive, and responsive. Accelerate and enable your firm to give importance to your potential more than your pedigree.

    Blume Ventures‌‌

    Founder: Karthik and Sanjay

    Established: 2010

    Investment stage: Seed-stage and early-stage companies

    Industry: Business products, business services, consumer products, consumer services, financial services, healthcare, information technology, manufacturing, cybersecurity, big data, e-commerce, blockchain, cannabis, business-to-business payments, mobile commerce, Esports, TMT, gaming, and technology-based

    Portfolios: 100+

    Headquarters: Mumbai

    Blume Ventures
    Blume Ventures

    Bridging the gap in the Indian market between local angel networks and larger global venture capital firms, Blume Ventures is a key player in India’s startup ecosystem and has backed up and built many transformational networks ever since. Backing up ventures that trigger a fundamental change in consumer behaviour, impacting larger markets, and solving problems that are difficult and uniquely Indian in nature.

    The testimonials clearly treat companies as customers, not just as portfolios. Offering more than just financial help, being friendly, being open-minded, and collaborative in their efforts. Blume Ventures has managed over $280M+ in Capital, backed up more than 150 Startups, and made 24 Exits. Ventures like Purple.com, HealthifyMe, Dunzo, Turtlemint, Locus, and more have been backed by Blume ventures.

    Helion Ventures ‌‌

    Founders: Rahul Chandra, Ashish Gupta, Kanwaljit Singh, and Sanjeev Aggarwal

    Established: 2006

    Investment stage: Early to mid-stage venture

    Industry: Outsourcing, Internet, Mobile, Technology Products, Retail Services, Healthcare, Education, and Financial Services.

    Portfolios: 120+

    Headquarters: Bengaluru

    Helion Ventures helps organizations build based on strategies and in making strategic choices. It is a $605 Million India-focused VC firm. That supports early to mid-stage venture funds investing in technology-powered and consumer service businesses in sectors like Outsourcing, Internet, Mobile, Technology Products, Retail Services, Healthcare, Education, and Financial Services. Mainly focusing on making investments based in India. Some notable investments were made in ventures like BYJU’S, Gupshup, Ola, LivSpace, Toppr, and more. ‌‌

    India Angel Network ‌‌

    Founders: Padmaja Ruparel, Raman Roy and Saurabh Srivastava

    Established: 2006

    Investment stage: Early-Stage Venture, Seed

    Portfolios: 160+

    Headquarters: New Delhi

    India Angel Network
    India Angel Network

    The members of the India Angel Network ‌lead from the front, having strong operational experience as CEOs or a background in creating new and successful ventures. The advantages of working with the firm are they are willing to invest money and time, have the ability to leverage a vast network, and give quick feedback on investment decisions.

    Keen to invest in startups based in their early stages, the India Angel network provides quality mentoring, and vast networks give input on strategies and move ahead with its execution. Working with sectors as diverse as Agriculture, E-Commerce, Education, Financial Services Gaming Healthcare Hospitality, information, and more. A few notable investments of India Angel Network are WOW momo, Zippr, Wiwigo, Pikkol, etc.

    Mumbai Angel Network‌‌

    Founder: Nandini Mansinghka

    Established: 2006

    Investment stage: Early-stage investments

    Industry: Technology, consumer, life sciences, defence technology, space technology, electric vehicles

    Portfolios: 200+

    Headquarters: Mumbai

    Mumbai Angel Network
    Mumbai Angel Network

    The Mumbai Angel Network invests in a wide variety of domains such as—technology, consumer, life sciences, defence technology, space technology, electric vehicles, and hemp seeds. They have over seven hundred investors in more than sixty cities around the world and are focused on new venture investing. The premier private investment platform has invested more than 150 crores with a base of more than 700 investors.‌‌

    The portfolio of Mumbai Angel Network includes startups like Snackible, LegalKart, Barneys, Brainwired, etc.

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    Sixth Sense ‌‌Ventures

    Founder: Nikhil Vora (Ex-Managing Director of IDFC Securities), Swati Nangalia Mehra

    Established: 2014

    Investment stage: Seed, A Series, B series, and more

    Industry: Transportation, Logistics, Supply Chain, and Storage

    Portfolios: 60+

    Headquartered: Mumbai

    Sixth Sense Ventures
    Sixth Sense Ventures

    Known as India’s first domestic consumer-centric venture fund. The Sixth Sense Ventures combines foreseeing a trend together with deep insights and delivers a clear vision. The sixth sense has a focus on Indian start-ups and leads with an immensely powerful team. Having cumulative experience in the wider consumer domain, their core team has a strong Center of Excellence Board.

    The company creates value for both investors and invested companies. The firm has strong consumer-centric research and investment analysis in its ecosystem, making it easy for companies to fast-track their growth. As well as giving access to the Center of Excellence Board for strategic and operational inputs. The portfolio of Sixth Sense Ventures includes startups like Ethos, Bira 91, AVG Logistics, MyHealthcare, etc.

    Conclusion

    The venture capital firms in India are growing at a fast pace and supporting budding entrepreneurs with not only money but also guiding them by mentoring them and helping them grow in various aspects of different industries. Helping entrepreneurs and their startups achieve success against all odds.

  • Pierre Omidyar – The Philanthropist Who Founded the Biggest Online Auction Site

    Pierre Omidyar is an American Entrepreneur and a software engineer who founded the successful online auction platform, eBay in 1995. He was the Chairman of the company from 1998 to 2015. He soon became a billionaire as soon as eBay issued an Initial Public Offering (IPO) in 1998. As of 2021, he has an estimated net worth of $21.4billion and is said to be the 24th richest person in the world.

    In 2010, he launched an investigative news service, Honolulu Civil Beat. He created a journalism venture called First Look Media in 2014. As a Philanthropist, he and his wife cordially founded Omidyar Network in 2004 with an aim to expand their efforts beyond non-profits to include for-profits and public policy, which would serve the purpose of the philanthropic investment firm.

    Pierre Omidyar- Biography

    Name Pierre Morad Omidyar / Parviz Morad Omidyar
    Born 21 June 1967
    Birthplace Paris, France
    Age 55 (2022)
    Nationality American
    Education Tufts University
    Profession Entrepreneur; Software Engineer; Software Engineer
    Known for Founder of eBay; Founder of Honolulu Civil Beat; Founder of Omidyar Network; Founder of First Look Media
    Net worth $21.8 billion (2022)

    Pierre Omidyar – Personal Life
    Pierre Omidyar – Education
    Pierre Omidyar – Professional Life
    Pierre Omidyar – Founder of eBay
    Pierre Omidyar – Founder of Omidyar Network
    Pierre Omidyar – Founder of Honolulu Civil Beat
    Pierre Omidyar – Founder of First Look Media
    Pierre Omidyar – Honors & Awards

    Pierre Omidyar – Personal Life

    Pierre was born to Iranian parents, who migrated to France for higher studies. He grew up in Paris and was formerly named Parvez. His father, Cyrus Omidyar is a surgeon, who currently practices in Aliso Viejo, California.

    His mother, Elane Mir-Djalali is an academic who earned her doctorate in linguistics at the Sorbonne. The family shifted to the US owing to his father’s job location, as he initially worked as an urologist at Johns Hopkins University in Baltimore.

    He married Pamela Karr, who is also one of the co-founder of his philanthropic firm, Omidyar Network. He is also a benefactor to the US Democratic Party candidates and organizations. In 2010, he joined Bill Gates and Warren Buffet’s “giving pledge”. He publicly committed to giving the majority of his wealth for charitable causes and becoming a philanthropist.

    “When you create wealth in a short time, you think about philanthropy as you think about a business.” –Pierre Omidyar

    Pierre Omidyar – Education

    Pierre completed his elementary studies from Punahou School in Honolulu and he currently serves on its Board of Trustees. He took a great interest in computers while studying in ninth-grade at The Potomac School in McLean, Virginia. He graduated from St. Andrew’s Episcopal School, Maryland in 1984.

    He completed his bachelor’s degree in Computer Science from Tufts University, Massachusetts in 1988. During his undergraduate years, he also studied at the University of California.

    Pierre Omidyar – Professional Life

    After completing his studies, Pierre went to work for Claris, a subsidiary of Apple Computer. He worked there on the team that upgraded MacDraw to MacDraw II. He co-founded a pen-based computing startup, Ink Development in 1991. However, his startup was later re-branded as an e-commerce firm with the new name of eShop Incorporation. The company was acquired by Microsoft on 11 June, 1996 for less than $50 million and he earned $1 million from the deal.

    Pierre Omidyar- Founder of eBay

    eBay logo
    eBay logo

    Pierre established his e-commerce company, eBay in 1995. The company is headquartered in San Jose, California. At age 28, he started coding for an online venture that would enable a direct person-to-person auction for collectable items. On 4 September 1995, he launched the online auction service called Auction Web which eventually became the auction site eBay.

    By 1996, he signed a licensed deal of selling airline tickets online. It hosted two million auctions within the first month. By 1997, he renamed the company from Auction Web to eBay and was strategic enough with effective advertising.

    He served as the Chairman of the company from 1998 to 2015. He also served as the Board member of eBay till 2020. Omidyar was named under the billionaires after eBay launched its IPO  successfully in September 1998.

    The company bought an online payment company, PayPal in 2002. However, the payment firm spun-off and currently Omidyar owns 6% of it. In 2020, he stepped down from the Board of eBay owing to his involvement of a broader overhaul of the company. At eBay, he will continue to serve as director emeritus, which is an honorary title.

    Pierre Omidyar – Founder of Omidyar Network

    Omidyar network Logo
    Omidyar network Logo

    Pierre and his wife, Pamela established his philanthropic investment firm, Omidyar Network in 2004. The organization aims at improving the lives of people by creating opportunities and enhancing the power of markets. It basically invests in innovative organizations to beget economic, social and political change.

    Reportedly, it has committed more than $992 million to nonprofit organizations and for-profit companies that stimulate economic advancement and revitalize individual participation across multiple investment areas.

    Mr. and Mrs. Omidyar along with Richard Branson had established the Nduna Foundation (Founder- Amy Robbins), Enterprise Zimbabwe in 2010. He further established Luminate, a global philanthropic organization in 2018. After governing it for ten years, Omidyar separated the organization into a separate unit.

    Pierre Omidyar – Founder of Honolulu Civil Beat

    Honolulu Civil Beat
    Honolulu Civil Beat

    Pierre has been involved in online journalism since 2010,  and he is serving as the head of investigative reporting and public affairs news service, Honolulu Civil Beat which covered civic affairs in Hawaii. The venture later partnered with HuffPost with the latest weblog regional addition, HuffPost Hawaii. Starting a media company of his own and providing people with real facts was his aim.

    The news outlet is all about providing people all the news related to public affairs. All the public issues that outlet report has only one aim and that is to educate people  and the community and make them aware of all kind of situations.

    Pierre Omidyar – Founder of First Look Media

    First Look Media Logo
    First Look Media Logo

    Pierre Omidyar founded this media organisation in the year 2013 with the only goal in his mind to empower independent journalists and make their voices heard. It is a nonprofit organisation that focuses on investigative journalism and documentary filmmaking.

    Omidyar started this project and promised to provide funds of $250 million and decided to aid different publications. The organisation started the journey of supporting publications by launching The Intercept. Not only that, First Look Media started producing podcasts as well.

    Omidyar focus through First Look Media was to hold the importance of freedom of expression and freedom of the press. Pierre Omidyar decided to develop the organisation in such a way that the media will provide information to the audience in a way of storytelling.

    Pierre Omidyar – Honors & Awards

    • Received the Honorary doctorate from Tufts University in 2011
    • Bestowed with the EY Entrepreneur of The Year National Winner in 1999
    • Conferred with the Golden Plate Award of the American Academy of Achievement in 2000
    • He was named the 2018’s Third Most Influential French Entrepreneur by Richtopia

    FAQ

    What is the Net worth of eBay owner Pierre Omidyar?

    As of 2021, the net worth of Pierre Omidyar is $21.4billion.

    Pierre Omidyar is the founder of what ecommerce platform?

    Pierre Omidyar co-founded a pen-based computing startup, Ink Development in 1991. However, his startup was later re-branded as an e-commerce firm with the new name of eShop Incorporation.

    Why did Pierre Omidyar create eBay?

    Pierre Omidyar created an online auction site to help his wife trade and collect Pez candy dispensers.

    How does eBay make money?

    eBay makes its money from the section on transaction fees, which it applies to sellers.

  • Startups Funded by Omidyar Network India

    Usually investment firms only fund a startup when they see potential to grow their money. However philanthropic investment firms fund in startups that help achieve their philanthropic endeavors like solving a country’s problems or empowering the civil society.

    One such philanthropic investment firm and a non-profit organization is Omidyar Network India, which was established in 2004 by the eBay founder Pierre Omidyar and his wife Pamela Kerr. Omidyar Network India is part of the US based Omidyar Group which is a diverse collection of companies, organizations and initiatives that are dedicated in creating opportunity for people to improve their lives.

    Omidyar Network India has its headquarters in Mumbai, Maharashtra with over a 50 employees in the country. Omidyar Network invests in innovative organization and bold entrepreneurs that will eventually catalyze economic, social or political change. As of 2017, the firm had invested in more than 60 companies within a decade, and raised more $350 million by 2020.

    So far the organization has committed over $992 million to profit, nonprofit and public companies that aim in fostering economic advancement and that are trying to solve the problems of India’s hardest and most difficult problems and challenges.

    Omidyar Network India makes equity investments upcoming companies and provide grants to non-profit organizations in the areas of Digital Identity, Education, Emerging Tech, Financial Inclusion, Governance and Citizen Engagement, and Property Rights. The organization invests in 3 levels which are :

    • Supporting new and upcoming market innovators,
    • Help in building institutional & market infrastructure and
    • Working with the Indian Government to promote inclusion, entrepreneurship, competition, and ensure necessary safeguards and protections.

    Quikr
    HealthKart
    Dailyhunt
    1mg
    Scripbox
    Transerve
    Vedantu
    ZestMoney
    Credflow
    WhiteHat Jr
    Newslaundry
    Frequently Asked Questions

    Pierre Omidyar – Net worth, Business idea, Education and more
    Pierre Omidyar is an American Entrepreneur and a software engineer who foundedthe successful online auction platform, eBay in 1995. He was the Chairman of thecompany from 1998 to 2015. He soon became a billionaire as soon as eBay issuedan Initial Public Offering (IPO) in 1998. As of 2021, he has …
    StartupTalkyMegha Rani

    Here are some of the startups funded by Omidyar Network India

    Quikr

    Quikr is the India’s top online classifies platform that helps people of a particular city meet, trade, buy and sell household goods, cars, bikes, local services and even find jobs, among other services. Quikr was founded in 2008 by Pranay Chulet and has its headquarters based in Bengaluru, Karnataka.

    The company is currently has its footprint in 1000 different cities around the world. Quikr aims on empowering people to independently connect with different buyers and sellers. The company has so far raised over $350 million in 7 rounds in order to fulfill its dream of disrupting the ecommerce market in country and empower people.

    In 2009, the company raised over Rs 200 million in their second round of funding which was led by Omidyar Network and Matrix Partners India. Quikr has a long list of investors like Tiger global, Kinnevik, Matrix Partners, Omidyar Network, Norwest Venture, Nokia growth Partners, Warburg Pincus and eBay, etc.

    HealthKart

    HealthKart is known to be India’s largest online nutrition and fitness platform that offers products, services and even expert advice or assistance to fitness enthusiasts. The company also has leading subsidiaries like MuscleBlaze for (sports and fitness) and Healthkart for (health).

    HealthKart sells everything from protein supplements to vitamin smoothies at affordable prices. The company has it’s headquarters in Gurgaon and sells more than 200 brand products and authorized vendors that is listed on their website. It is known for nutrition products that are sold especially to elderly people, personal care, chronic care, eye and skin care.

    The startup raised over Rs 27 crore in their second round of funding from their existing investor Sequoia Capital and Omidyar Network India. With this the company expanded its product portfolio and is also developing an online magazine about health and fitness.

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    Dailyhunt

    Dailyhunt is one of the top news and local language content app in India. Currently, the company has over 150 plus million app installations with more than 100,000 news articles that are available in 14 different languages.

    The company was founded in 2007 by Virendra Gupta and its parent company is Verse Innovation. Dailyhunt claims to have 150 million monthly users and 27 million daily users. It also has 650 publication partners, while their content is created by machine learning algorithm that delivers real time personalized content.

    The company raised over Rs 24.61 crore in series E2 funding from Omidyar Network India, Sequoia Capital and the Renu Sehgal Trust. Omidyar also funds other news aggregators like Pratilipi and Helofy. The competitors of Dailyhunt are NewsDog which is backed by Tencent and Helo backed by Toutiao.

    1mg

    1mg website
    1mg Website

    1mg is one of the top online pharmacy and integrated health application in India and is known for its wide range of medicines, health products, online consultation, booking lab tests and providing information on doctors, clinics, diagnostic centres, pharmacies, etc.

    The company promotes transparency around medicine information and is the one stop shop for medical search and transaction experience. During the pandemic, the platform has become popular as it delivers medicines and health products at the safety of the homes in more than 1000 cities across India from Licensed pharmacies.

    In 2016, 1mg raised over $15 million in their series B funding round from Maverick Capital Ventures, Sequoia Capital and Omidyar Network India. The company at that time said that it was going to use the funds to expand their online pharmacy and diagnostics and also launch personalized health feeds for their consumers.

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    Scripbox

    Scripbox is an online mutual funds platform, which was founded by Sanjiv Singhal in 2012. The company has its headquarters in Bengaluru, Karnataka and uses proprietary algorithms to curate a portfolio out of 8000 other mutual funds in country, they are then divided into equity, debt and tax savings.

    The company aims to educate young working professionals to save and grow their wealth and also encouraging people to explore inflation beating instruments rather than the usual inflation par instruments like fixed deposits and gold. As according to E R Ashok Kumar, the CEO of Scripbox, equities will give people over 15% returns than compared to the traditional forms of investing.

    The company raised an undisclosed amount in their series B round investment from Omidyar Network India and Accel partners. The company joins Omidyars’s other investment made in the sector of personal savings such as Juntos from US and Tandem from UK. Scripbox was planning to expand to 1000 cities by 2020 with its funds.

    Transerve

    Transerve is a platform that offers geospatial tech based SAAS solutions. The platform allows solutions for sustainable growth and urban planning. Transerve is used by both individuals and companies for visualizing and sharing spatial data and map visualization through Map APIs.

    The platform is a data collector, has location intelligence and helps in mapping precisely so the companies can geo locate data and then make smart and accurate decisions. The company also built many apps and platforms like CityOS in order to solve problems which are related to urban setup, Watsan for waters supply and sanitation solutions and deploys Lidar for heritage restoration and highway engineering.

    The company aims in providing solutions to modernize a city’s municipal information system, which is why it went on to raise $1.6 million in Series A funding from IL and FS Investment Managers and Omidyar Network.

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    Vedantu

    Vedantu Website
    Vedantu Website

    Vedantu is a well-known Ed tech company that allows teachers to provide Live tuitions to students online. The online tutoring platform has more than 500 of India’s best curated teachers and over 1 million hours to over 40,000 students across 1000 plus cities from 30 countries.

    Vedantu uses a built in technology known as WAVE to create a marketplace model for teachers, where students can browse, discover and choose to learn from a particular teacher. So far the app offers teaching classes for 6th to 12th grades and also for co-curricular and competitive examinations.

    Vedantu raised $11 million in Series B funding round from Omidyar Network in 2018. It also went on to raise $12.5 million in Series C-1 round of funding from Legend Capital and Omidyar’s Ohana Holding in 2020.

    ZestMoney

    ZestMoney is India’s fastest growing Fintech startup that was founded in 2015 by Lizzie Chapman, Priya Sharma and Ashish Anantharaman. ZestMoney uses mobile technology, AI and digital banking facilities to make life more affordable to millions of Indians by managing their credit for them and helping them pay in affordable EMIs.

    The platform was made with the aim of improving lives of the people who don’t have an access to credit card or other financial option due to insufficient credit history.

    The Bengaluru based digital lending startup raised over $20 million funding in Series B round from Quona Capital, Reinventure, Omidyar Network, Ribbit Capital and PayU. The company is said to use these funds for expanding their platform with EMI-based financing for e-commerce and for other online purchases.

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    Credflow

    Credflow is a New Delhi based Fintech startup, that offers small and medium enterprises (SMEs) solutions for cash flow management. With the help of the platform SMEs can manage their finances better with timely insights of pending amounts by customers, sending regular payment reminders, validating invoices and negotiating discounts for early payment, among others.  

    So far over 5000 SMEs are said to have used Credflow to process invoices that are worth over Rs 70,000 crore. The main aim of Credflow is to help small businesses grow exponentially by managing their banking, payments, and treasury.

    Credflow raised $2.1 million in their seed round of funding from Stellaris Venture, Omidyar Network and Flourish Ventures. The company said that they would use the funds to develop its platform, strengthen its technology and come up with new products in order to expand their customer base.

    WhiteHat Jr

    WhiteHat Jr Website
    WhiteHat Jr Website

    WhiteHat Jr is a Mumbai based Edtech startup that offers live online 1:1 classes on coding and math. The platform is also built on the foundational skills like literacy and numeracy from an early stage.

    WhiteHat Jr helps in connecting top certified teachers that can teach children topics such as e-learning, coding, early childhood education, computational thinking, logic, algorithmic thinking, etc. After learning the kids are encouraged to come up with creative outcome like animations and apps.

    The startup raised over $1.3 million in a seed funding round from Nexus Venture Partners and Omidyar’s Network India in 2018. It also raised $10 million in their Series A funding round by their existing investors Nexus Venture Partners and Omidyar’s Network India in 2019. The company said that they would use the funds to strengthen their platform and expand their curriculum and marketing to increase consumer awareness.

    Newslaundry

    Newlaundry is a well-known independent news media company that provides its readers with media critique, reportage, satirical commentary, podcasts, documentaries, comics and animation content. The media company was founded by former journalists Abhinandan Sekhri, Madhu Trehan and Prashant Sareen in 2012.

    Newslaundry was also the first subscription based website in India, as unlike other news websites like The Wire, The Quint, Scroll, etc the company relies on public subscriptions for revenue instead of advertisements. In 2016, the media company raised Rs 3.1 crore from Omidyar Network, Omidyar now owns 18.4% stake in the company.

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    Conclusion

    Over the years Omidyar Network Indian helped in driving empowerment and social impact at a big scale, by investing in startups and entrepreneurs who aim in providing solutions to solve Indian chronic problems. Even during the Covid 19 pandemic, Omidyar Network funded over Rs. 10.75 crores to 67 projects out of 2000 under the Rapid response funding initiative in 2020. The investment firm will continue to help many upcoming startup grow and bolster a vibrant entrepreneurial ecosystem.

    Frequently Asked Questions

    What is Omidyar Network India?

    Omidyar Network India is part of the US based Omidyar Group which is a diverse collection of companies, organizations and initiatives that are dedicated creating opportunity for people to improve their lives.

    Who is the founder of Omidyar Network India?

    The philanthropic investment firm and a non-profit organization was founded by Pierre Omidyar (also the founder of eBay) and his wife Pamela Kerr.

    What are the areas that Omidyar Network India funds?

    The areas in which Omidyar Network India funds are Digital Identity, Education, Emerging Tech, Financial Inclusion, Governance and Citizen Engagement, and Property Rights.

    What are some of the Top startups funded by Omidyar Network India?

    The startups funded by Omidyar Network India are Newslaundry, WhiteHat Jr, Credflow, ZestMoney, Vedantu, Transerve, Scripbox, Dailyhunt, 1mg, HealthKart and Quikr.