From a TiE Mumbai SmashUp e-poster:
We’ve heard of “McKinsey Mafia”, “IIM-A Mafia”, etc. being used to refer to the sheer number of alum of these hallowed institutions that go on to join the Indian PE/VC industry. But what explains the high odds of raising dollops of venture capital funding for your e-commerce venture if your second name is a Bansal?
|
Company |
No. of Co-founding |
VC Raised (US$ M) |
|
Flipkart |
2 |
180 |
|
Snapdeal |
1 |
50 |
|
Myntra |
1 |
40 |
|
Lenskart |
1 |
4 |
|
Total |
5 |
$275 M |
* Source: Publicly reported data – including especially this Mint report for the last
$150-M round raised by Flipkart
Please do let us know if we should modify the above table in light of any new data – either on the number of Bansal companies or the value of the investments.
While the above is not the kind of normal research that we do, Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A deals in India. View free samples of Venture Intelligence newsletters and reports.
