Why did we Invest in Haazri?

There is a serendipity in deal-making once one summarises the events that lead to its closure. Today, as I announce our investment into Haazri, that is how I feel. My first interaction with Haazri was unbeknownst to me, during the long hours that I spent at Yash’s office ordering numerous cups of the chai that […]

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KISS for Your Customer

Firstly, I want to thank all the people that have taken the time to reach out with words of encouragement for Artha Venture Fund – I. I have been trying my best to reply to each person individually but if I have missed you out, please do know that your encouragement means a lot to […]

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Fluff Metrics

An interesting phenomenon has been noticed in startup presentations over the past few weeks. Founders have come up with innovative ways of showing large numbers that have nothing to do with what counts as revenues to the startup. Let me share a few examples with the explanations as provided. Gross Transactional Value: this the value […]

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WACCy Founders, “Wayoff” Valuations

In the past few weeks, I have met several founders whose DCF valuations for their early start-ups were made by “independent” third parties. These so-called “independent” 3rd parties are chartered accounts (CAs), chartered financial analysts (CFAs) and the like. Their independence went out of the window the minute they took a financial obligation from the […]

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