Chiratae Ventures, formerly IDG Ventures, one of India’s oldest venture capital (VC) investors, was launched in 2006. If solving business challenges is a criteria, I would say 80 of our portfolio companies have done just that. Today, 95% of follow-on capital comes globally and more than 90% of exits are still from outside India, which means an Indian VC firm also has to build presence globally. Considering the frenzy and agility at which global funds are backing Indian startups, where does an Indian VC like you stand? Indian capital is taking more risks than global funds (capital) today, and very different risks.

Source: Mint August 11, 2021 17:15 UTC