Pai is steadily emerging as a major source of much-needed domestic capital in a startup industry heavily dependent on foreign money. "In three-five years, we should be very large across many asset classes," Pai said during an interview last week. Each fund in this ecosystem — he didn't say how many funds it would have eventually — has its own investment managers, its own advisors and investment committees, Pai said. Aarin Capital, which Pai started along with the CEO of Manipal Education and Medical Group Ranjan Pai, is the anchor investor in all the funds. Ranjan Pai is also a material and significant partner in the funds.

Source: Economic Times September 08, 2016 03:22 UTC