Ma is the latest in a long line of global business leaders who have travelled to India after the election of Narendra Modi as prime minister.
The pool of incoming global investors include corporate entities keen on a foothold in the world’s fastest growing consumer Internet market.
Why business leaders like Ratan Tata, Azim Premji and Rakesh Jhunjhunwala are backing startups with personal investments
Wealthy businessmen and new-conomy entrepreneurs are backing startups, infusing cash and credibility to the exciting asset class.
“India's internet population is third largest in the world driven by mobile and our main focus is to grab these users,“ said CEO of Star CJ.
The startup is expecting Rs 100 crore worth of transactions in the next few quarters, and targeting Rs 1,000 crore annualised sales in the next 24-36 months.
The Braille printer is expected to cost $350-500 (Rs 21,000-30,000), as compared to the usual price of $2,000.
Founded in 2013 by Prateek Shukla and Teach for India fellow Pankhuri Shrivastava, Grabhouse had raised an undisclosed amount in its January seed round.
"Nothing drives an entrepreneur more than rewards," said Anand Subramaniam, director for marketing communications at Olacabs.
Investors in impact funds expect returns of 15-20% compared with return expectation of 25-32% in venture capital, according to the report.
Hedge funds are perceived by many as very opportunistic investors with more capital and without much expertise in local markets or sectors.
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