Kalaari Capital

Kalaari Capital is an early-stage venture capital firm based in Bangalore, India, established in 2006. With a fund size of $160 million, it specializes in investing in technology-oriented companies across various sectors, including information technology, healthcare, e-commerce, and clean technology. The firm targets early-stage ventures, typically investing between $1 million and $5 million in each portfolio company. Kalaari Capital aims to support emerging Indian entrepreneurs with the potential to become future leaders in their industries, providing guidance and resources throughout their growth journey.

Mandar Dandekar

Principal

Rahul Garg

Principal

Anvita Khosla

Associate

Vani Kola

Managing Director

Pranav Koshal

Associate

Harshit Kumar

Associate

Jayraj Bharat Patel

Associate

Sampathkumar Pudhukottai

Partner

Rajesh Raju

Managing Director

Kumar Shiralagi

MD, India

Kiran Vasireddy

Partner

Sampath P

Partner

Past deals in Online Portals

Agrim

Series A in 2022
Developer of an agricultural inputs e-commerce marketplace designed to connect retailers and manufacturers. The company's marketplace connects rural retailers directly with manufacturers and provides value-added services like distribution, logistics, marketing and credit to improve the supply chain, enabling retailers to discover quality products at the right price and get on-time delivery.

ConnectedH

Seed Round in 2021
Seeking medical help, in most of the cases, is not the best time in someone’s life. Having personally experienced the problems, we at ConnectedH are trying to make such interactions as simple or as hassle free as possible. Our vision is simple - Connected Healthcare. We connect different sectors of healthcare system and give the patients complete control over their information.

Portl

Seed Round in 2021
Portl is a digital platform that combines advanced sensors & proprietary fitness technologies with AI to create Holistic Health solutions for consumers and athletes.

Shop101

Series C in 2020
Shop101 is a social commerce platform based in Mumbai, India, that empowers entrepreneurs to sell products online and through social media channels like WhatsApp, Facebook, and Instagram without any upfront investment. Founded in 2015, the platform offers a mobile app that allows users, including housewives, college students, and young graduates, to set up an online store in under two minutes. Shop101 provides a comprehensive suite of services, including end-to-end order processing, inventory management, logistics across India, and payment support, enabling over 9 million individuals to resell products easily and efficiently. The extensive range of products available through the Shop101 Supply platform further enhances the opportunities for budding entrepreneurs to engage in social commerce.

Perpule

Series A in 2020
Perpule is a rapidly growing retail technology company in India, focused on creating a comprehensive commerce platform tailored for the Indian market. Its flagship product, UltraPOS, is a cloud-based point-of-sale system that operates independently of traditional hardware, allowing for flexible billing solutions in retail environments. This innovative system reduces the size of billing counters by up to 40% and leverages AI and data analytics to enhance sales through targeted offers, cross-selling, and upselling strategies. UltraPOS is currently utilized by various well-known retail brands, including Vishal Mega Mart and Big Bazaar. In addition to its POS capabilities, Perpule's enterprise e-commerce platform integrates seamlessly with existing ERP systems, supporting multi-location retailers in managing large product catalogs, digital invoicing, and customer analytics to drive customer acquisition and retention.

MoneyOnClick

Seed Round in 2019
* At MoneyOnClick we are building India’s largest financial services brand for the 500 Mn lower middle income customers in 4000+ small cities (which we term as “India 4”). This customer segment has very little penetration of formal loans, insurance or saving products as existing financial service players see this segment as risky and non profitable . We have created custom lending, insurance and saving products that are tailormade to serve the needs of India4 customers. * To reach these customers at low CAC, we have built a proprietary tech enabled offline-to-online social distribution channel where we have onboarded thousands of financially literate free-lancers such as LIC agents and junior financial sector employees in 1000+ cities. Our fully automated social partner app is available in 8 Indian languages and helps us manage these partners remotely without any physical presence. * The general perception is that this customer segment is highly risky and non lendable. We are happy to share that we have been able to maintain near 0% default rates despite Covid19 . Our proprietary ML based family underwriting where we evaluate the P&L of the family and give a joint liability family loan has helped us maintain these low default rates.

Instamojo

Series B in 2019
Instamojo Technologies Private Limited operates an online payments and e-commerce platform designed to assist entrepreneurs in managing and growing their businesses. Founded in 2012 and based in Bengaluru, India, with an additional office in Walnut, California, Instamojo is known for its innovative "Payment Links" feature, which simplifies the process of collecting payments online. This tool allows users to create and share payment links easily, facilitating transactions across various channels. In addition to payment processing, Instamojo offers a range of services and products that help sellers establish an online store, analyze customer behavior, and enhance their business operations. The platform aims to empower small and medium-sized enterprises by providing them with accessible and efficient digital payment solutions.

Shop101

Series B in 2018
Shop101 is a social commerce platform based in Mumbai, India, that empowers entrepreneurs to sell products online and through social media channels like WhatsApp, Facebook, and Instagram without any upfront investment. Founded in 2015, the platform offers a mobile app that allows users, including housewives, college students, and young graduates, to set up an online store in under two minutes. Shop101 provides a comprehensive suite of services, including end-to-end order processing, inventory management, logistics across India, and payment support, enabling over 9 million individuals to resell products easily and efficiently. The extensive range of products available through the Shop101 Supply platform further enhances the opportunities for budding entrepreneurs to engage in social commerce.

Perpule

Series A in 2018
Perpule is a rapidly growing retail technology company in India, focused on creating a comprehensive commerce platform tailored for the Indian market. Its flagship product, UltraPOS, is a cloud-based point-of-sale system that operates independently of traditional hardware, allowing for flexible billing solutions in retail environments. This innovative system reduces the size of billing counters by up to 40% and leverages AI and data analytics to enhance sales through targeted offers, cross-selling, and upselling strategies. UltraPOS is currently utilized by various well-known retail brands, including Vishal Mega Mart and Big Bazaar. In addition to its POS capabilities, Perpule's enterprise e-commerce platform integrates seamlessly with existing ERP systems, supporting multi-location retailers in managing large product catalogs, digital invoicing, and customer analytics to drive customer acquisition and retention.

StalkBuyLove

Venture Round in 2018
StalkBuyLove operates as an online marketplace specializing in women's fashion apparel and accessories. The company offers a curated selection of trendy styles inspired by celebrities, European catwalks, and high-end luxury labels. With a focus on unique designs, StalkBuyLove aims to provide fresh looks that are typically made available online within ten days of conceptualization. The limited stock of each item encourages prompt purchasing to avoid sellouts. The company emphasizes quality by meticulously checking each product for fitting, color, comfort, and design before listing it for sale. By combining fast fashion with an accessible online platform, StalkBuyLove ensures that customers can effortlessly find and acquire the latest fashion trends.

Shop101

Series A in 2018
Shop101 is a social commerce platform based in Mumbai, India, that empowers entrepreneurs to sell products online and through social media channels like WhatsApp, Facebook, and Instagram without any upfront investment. Founded in 2015, the platform offers a mobile app that allows users, including housewives, college students, and young graduates, to set up an online store in under two minutes. Shop101 provides a comprehensive suite of services, including end-to-end order processing, inventory management, logistics across India, and payment support, enabling over 9 million individuals to resell products easily and efficiently. The extensive range of products available through the Shop101 Supply platform further enhances the opportunities for budding entrepreneurs to engage in social commerce.

POPxo

Series C in 2018
POPxo is an online community in India focused on women, covering topics related to fashion, beauty, lifestyle, and work. Launched in March 2014, it has grown to attract 9 million users each month, generating over 102 million monthly views of its content. The platform offers a mix of text and video content, engaging its audience primarily on social media and mobile devices. Targeting young urban women aged 18 to 34, POPxo caters to an audience that is increasingly confident, independent, and financially empowered. The platform monetizes its offerings through various formats, including native advertisements, social media posts, and events, collaborating with brands eager to connect with this influential demographic. By blending content and commerce, POPxo not only serves as a lifestyle resource but also provides data-driven insights that resonate with women's interests and lifestyles.

Power2SME

Series E in 2017
Power2SME Private Limited operates an online buying club designed specifically for small and medium enterprises (SMEs) in India. Founded in 2012 and headquartered in Gurugram, the company focuses on sourcing raw materials like steel, chemicals, and polymers at competitive prices by pooling the purchasing power of SMEs. This approach allows businesses to access essential commodities directly from manufacturers, thereby reducing costs and enhancing productivity. Power2SME serves a diverse clientele, including manufacturing units and offices, and offers its products through both a website and a mobile application. With additional offices in various Indian cities, it aims to empower SMEs and contribute to the broader economic growth of the region.

Instamojo

Series A in 2017
Instamojo Technologies Private Limited operates an online payments and e-commerce platform designed to assist entrepreneurs in managing and growing their businesses. Founded in 2012 and based in Bengaluru, India, with an additional office in Walnut, California, Instamojo is known for its innovative "Payment Links" feature, which simplifies the process of collecting payments online. This tool allows users to create and share payment links easily, facilitating transactions across various channels. In addition to payment processing, Instamojo offers a range of services and products that help sellers establish an online store, analyze customer behavior, and enhance their business operations. The platform aims to empower small and medium-sized enterprises by providing them with accessible and efficient digital payment solutions.

Airpay

Series A in 2017
Airpay offers online payment gateway solutions for e-commerce and retail markets in India. Its solutions include PCIDSS Compliant IVR Payment Gateway, net banking, and mobile Point-Of-Sale systems. Airpay’s features include best-in-class RMS system integration, single-window transaction settlements, dynamic payment gateway switching, transaction reconciliation, customer support, and more.

POPxo

Series B in 2017
POPxo is an online community in India focused on women, covering topics related to fashion, beauty, lifestyle, and work. Launched in March 2014, it has grown to attract 9 million users each month, generating over 102 million monthly views of its content. The platform offers a mix of text and video content, engaging its audience primarily on social media and mobile devices. Targeting young urban women aged 18 to 34, POPxo caters to an audience that is increasingly confident, independent, and financially empowered. The platform monetizes its offerings through various formats, including native advertisements, social media posts, and events, collaborating with brands eager to connect with this influential demographic. By blending content and commerce, POPxo not only serves as a lifestyle resource but also provides data-driven insights that resonate with women's interests and lifestyles.

StalkBuyLove

Series A in 2016
StalkBuyLove operates as an online marketplace specializing in women's fashion apparel and accessories. The company offers a curated selection of trendy styles inspired by celebrities, European catwalks, and high-end luxury labels. With a focus on unique designs, StalkBuyLove aims to provide fresh looks that are typically made available online within ten days of conceptualization. The limited stock of each item encourages prompt purchasing to avoid sellouts. The company emphasizes quality by meticulously checking each product for fitting, color, comfort, and design before listing it for sale. By combining fast fashion with an accessible online platform, StalkBuyLove ensures that customers can effortlessly find and acquire the latest fashion trends.

Power2SME

Series D in 2016
Power2SME Private Limited operates an online buying club designed specifically for small and medium enterprises (SMEs) in India. Founded in 2012 and headquartered in Gurugram, the company focuses on sourcing raw materials like steel, chemicals, and polymers at competitive prices by pooling the purchasing power of SMEs. This approach allows businesses to access essential commodities directly from manufacturers, thereby reducing costs and enhancing productivity. Power2SME serves a diverse clientele, including manufacturing units and offices, and offers its products through both a website and a mobile application. With additional offices in various Indian cities, it aims to empower SMEs and contribute to the broader economic growth of the region.

POPxo

Series A in 2015
POPxo is an online community in India focused on women, covering topics related to fashion, beauty, lifestyle, and work. Launched in March 2014, it has grown to attract 9 million users each month, generating over 102 million monthly views of its content. The platform offers a mix of text and video content, engaging its audience primarily on social media and mobile devices. Targeting young urban women aged 18 to 34, POPxo caters to an audience that is increasingly confident, independent, and financially empowered. The platform monetizes its offerings through various formats, including native advertisements, social media posts, and events, collaborating with brands eager to connect with this influential demographic. By blending content and commerce, POPxo not only serves as a lifestyle resource but also provides data-driven insights that resonate with women's interests and lifestyles.

Shopalyst

Series A in 2015
Shopalyst Technologies Pvt. Ltd. provides Shortlyst, a Web application that allows publishers and developers to add in-application Buy Buttons on content that facilitates product discovery, and enables retailers to sell their products directly in shopping applications. The company was incorporated in 2014 and is based in Bengaluru, India.

Unilog

Seed Round in 2015
Unilog Content Solutions Pvt. Ltd. is a Bengaluru-based company that specializes in e-commerce data services, products, and consultancy, having been established in 1998. The company focuses on providing comprehensive e-commerce solutions tailored for the B2B marketplace. Its cloud-based platform offers product data enrichment and management services that assist distributors, manufacturers, and wholesalers in boosting online sales, reducing operational costs, and improving their digital presence. Unilog's technology is designed to enhance efficiency for its clients, enabling them to optimize their online channels and drive business growth.

DoorMint

Series A in 2015
Doormint's key differentiation of a branded service nature that takes full responsibility for service delivery and customer satisfaction along with convenient and superior product offerings such as one-touch home services to eliminate calling, upfront pricing and post service warranty, are pegged to make it the market leader," said Ritesh Banglani, partner at Helion Ventures.

SuperProfs

Series A in 2014
SuperProfs is a leading online platform in India focused on competitive exam preparation, offering resources for exams such as CA, CS, CMA, Bank PO, UPSC, SSC, GATE, and JEE. The platform boasts over 300,000 registered students and provides access to more than 1,000 free video lectures delivered by a network of over 200 top professors from across the country. SuperProfs features a mobile app that allows students to access lecture content conveniently, even in low connectivity situations, and offers the option to download videos for offline viewing. The platform ensures comprehensive syllabus coverage with regular updates and flexible subscription plans, enabling students to study at their own pace until the exam date. Additionally, SuperProfs utilizes cloud-based virtual classrooms to enhance personalized learning experiences by connecting students directly with educators and providing necessary technical support for e-learning.

Instamojo

Series A in 2014
Instamojo Technologies Private Limited operates an online payments and e-commerce platform designed to assist entrepreneurs in managing and growing their businesses. Founded in 2012 and based in Bengaluru, India, with an additional office in Walnut, California, Instamojo is known for its innovative "Payment Links" feature, which simplifies the process of collecting payments online. This tool allows users to create and share payment links easily, facilitating transactions across various channels. In addition to payment processing, Instamojo offers a range of services and products that help sellers establish an online store, analyze customer behavior, and enhance their business operations. The platform aims to empower small and medium-sized enterprises by providing them with accessible and efficient digital payment solutions.

Power2SME

Series C in 2014
Power2SME Private Limited operates an online buying club designed specifically for small and medium enterprises (SMEs) in India. Founded in 2012 and headquartered in Gurugram, the company focuses on sourcing raw materials like steel, chemicals, and polymers at competitive prices by pooling the purchasing power of SMEs. This approach allows businesses to access essential commodities directly from manufacturers, thereby reducing costs and enhancing productivity. Power2SME serves a diverse clientele, including manufacturing units and offices, and offers its products through both a website and a mobile application. With additional offices in various Indian cities, it aims to empower SMEs and contribute to the broader economic growth of the region.

Snapdeal

Series D in 2014
Jasper Infotech Private Limited owns and operates an online shopping site for Internet users in India. It provides an assortment of products across various categories, including mobiles and tablets; computers, and office and gaming products; televisions, audio and video equipment, appliances, grooming products, and cameras; men's and women's fashion products; kids' toys and fashion products; home and kitchen furnishings/appliances; beauty and personal care products, and food and household essentials; sports, fitness, and outdoor equipment; books, musical instruments, and gift cards; motors and accessories; and real estate and financial services. The company was founded in 2007 and is based in New Delhi, India with regional offices including Bangalore, Mumbai, Calcutta, and Hyderabad.

Power2SME

Series B in 2013
Power2SME Private Limited operates an online buying club designed specifically for small and medium enterprises (SMEs) in India. Founded in 2012 and headquartered in Gurugram, the company focuses on sourcing raw materials like steel, chemicals, and polymers at competitive prices by pooling the purchasing power of SMEs. This approach allows businesses to access essential commodities directly from manufacturers, thereby reducing costs and enhancing productivity. Power2SME serves a diverse clientele, including manufacturing units and offices, and offers its products through both a website and a mobile application. With additional offices in various Indian cities, it aims to empower SMEs and contribute to the broader economic growth of the region.

Snapdeal

Series C in 2013
Jasper Infotech Private Limited owns and operates an online shopping site for Internet users in India. It provides an assortment of products across various categories, including mobiles and tablets; computers, and office and gaming products; televisions, audio and video equipment, appliances, grooming products, and cameras; men's and women's fashion products; kids' toys and fashion products; home and kitchen furnishings/appliances; beauty and personal care products, and food and household essentials; sports, fitness, and outdoor equipment; books, musical instruments, and gift cards; motors and accessories; and real estate and financial services. The company was founded in 2007 and is based in New Delhi, India with regional offices including Bangalore, Mumbai, Calcutta, and Hyderabad.

Power2SME

Series A in 2012
Power2SME Private Limited operates an online buying club designed specifically for small and medium enterprises (SMEs) in India. Founded in 2012 and headquartered in Gurugram, the company focuses on sourcing raw materials like steel, chemicals, and polymers at competitive prices by pooling the purchasing power of SMEs. This approach allows businesses to access essential commodities directly from manufacturers, thereby reducing costs and enhancing productivity. Power2SME serves a diverse clientele, including manufacturing units and offices, and offers its products through both a website and a mobile application. With additional offices in various Indian cities, it aims to empower SMEs and contribute to the broader economic growth of the region.

Snapdeal

Series B in 2011
Jasper Infotech Private Limited owns and operates an online shopping site for Internet users in India. It provides an assortment of products across various categories, including mobiles and tablets; computers, and office and gaming products; televisions, audio and video equipment, appliances, grooming products, and cameras; men's and women's fashion products; kids' toys and fashion products; home and kitchen furnishings/appliances; beauty and personal care products, and food and household essentials; sports, fitness, and outdoor equipment; books, musical instruments, and gift cards; motors and accessories; and real estate and financial services. The company was founded in 2007 and is based in New Delhi, India with regional offices including Bangalore, Mumbai, Calcutta, and Hyderabad.

Snapdeal

Series A in 2011
Jasper Infotech Private Limited owns and operates an online shopping site for Internet users in India. It provides an assortment of products across various categories, including mobiles and tablets; computers, and office and gaming products; televisions, audio and video equipment, appliances, grooming products, and cameras; men's and women's fashion products; kids' toys and fashion products; home and kitchen furnishings/appliances; beauty and personal care products, and food and household essentials; sports, fitness, and outdoor equipment; books, musical instruments, and gift cards; motors and accessories; and real estate and financial services. The company was founded in 2007 and is based in New Delhi, India with regional offices including Bangalore, Mumbai, Calcutta, and Hyderabad.

Pressmart

Series A in 2008
Pressmart is a provider of a global content distribution platform that enables the electronic publishing of journals, newspapers, magazines, and other publications across various channels including web, mobile, and social media. The platform enhances the online reading experience by transforming static publications into interactive formats, incorporating features such as podcasts, blogs, opinion polls, and online shopping. Pressmart's customizable solutions facilitate community interaction and engagement with content while also integrating revenue and cost-saving capabilities for publishers. By leveraging advanced distribution methods, Pressmart enables readers to access knowledge and information conveniently, anytime and anywhere.
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