Callapina Capital, an INR 33 crore early-stage venture capital fund, announced today that it has commenced its initial closing on January 4th, 2023. Callapina Capital Fund I is sector agnostic and will focus on seed to pre-series A stage companies, with typical ticket sizes ranging from INR 1-2 crores.
The fund aims to make a total of 15 investments over 2 years, with a primary focus on Indian companies and global companies founded by Indian founders that are solving global challenges, as well as companies that are addressing large problem statements in India. Callapina Capital Fund I will also prioritize B2B SaaS and tech-enabled companies with an India to global model. Additionally, the fund will make opportunistic bets in areas such as climate tech including water.
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| (L-R) Anas Rahman Junaid and Vinod Jose |
Anas Rahman Junaid and Vinod Jose are the General Partners of Callapina Capital Fund I.
Anas has extensive experience in corporate valuation, private equity fund raising, and deal structuring. He is also the founder of Hurun India, which publishes the "Hurun India Rich List", "Hurun Unicorn Index" and "Hurun Future Unicorn Index" annually and has evaluated more than 2,500 companies in India across various sectors. Anas has an MBA from the University of Oxford and is currently based between Mumbai, India and Dubai, UAE.
Vinod has over 15 years of experience in international management consulting and technology, and has worked with private equity funds, corporates, and family offices. He founded Konglo Ventures in 2013 with the objective to become a trusted channel for professionals to invest in early stage startups, which has grown to an angel network with 150+ global investors, mostly Indian diaspora. He is a Principal with Amane Advisors, a leading global strategy consulting firm focused on the water sector. Vinod holds a degree in Mechanical Engineering and an MBA, and is currently based near Philadelphia, USA.
Callapina Capital Fund I marks the next step in the investment journey of the duo which started back in 2013. Over the last 9 years, they have syndicated INR 50 Crore into 24 startups and secured 4 exits.
"Over the next decade, India Inc is going to register the biggest value creation in India's history. Many wealth creators are setting up their family offices, professionals (in India and abroad) are becoming active angel investors - and this could push India's startup ecosystem to the next level. Callapina along with Hurun India will add value to startups via capital and strategic access to our network."- Anas Rahman Junaid.
"We believe timing is right as the next two years is going to be challenging overall but also an interesting time period to actively invest as we will find gritty entrepreneurs who are solving large, meaningful problems at fair valuations"- Vinod Jose.
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