Sanjay Nayar, a KKR Co. adviser in India, is setting up his own venture fund targeting early-stage startups at a time when some of the country’s most-celebrated tech firms are suffering from tanking valuations.
Sorin Investment Management, whose name comes from Romanian word for sun, has raised $125 million from investors including family offices of Nayar and the Benga family of Caravel Group, Nayar said in an interview in Mumbai on Wednesday. The fund plans to back about 10 startups, focusing on sectors including consumer tech, fintech and software-as-a-service. Read More
