Veteran entrepreneurs look to ramp up their bets in Indian startups

Founders, after building their own companies, have often sought to invest in newer startups

startups, funding, business

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Aryaman Gupta New Delhi

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Early last month, Zerodha founder Nithin Kamath announced that he would allocate as much as Rs 1,000 crore to Indian startups through his investment firm Rainmatter Capital.

“We are now increasing our commitment by increasing the allocation by Rs 1,000 crore in a perennial structure or with the ability to stay invested forever,” he had said at the time.

This unique investment structure with no exit mandates, Kamath said, would help founders build an enterprise in the Indian market, where, unlike developed countries, it can take much longer to become “resilient and sustainable.”

First Published: Sep 20 2023 | 8:56 PM IST

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