Honestly the investing team lacked grit and commitment towards a founder or an investment. In late 2019 they finalised terms with us while an international investor was leading the round, they pulled out last minute because some random fuck company raised 2X the amount of our round from tier 1 vc. Now that company doesn’t exist anymore but I guess neither the fund…me too can never be an investment strategy but sadly this is pretty much how Indian vcs think. We’re still alive and growing 😁
Folks are only seeing the portfolios which have not made it but actually in terms of returns Omidyar has one of the best in the country. They were investing in ed tech, health tech etc even before these things became main stream.
But then, why would they shut down if their returns are actually that good>
Nope. Seriously low DPI, whereas Flourish, its sister concern raised a new 350mil fund. No reason why anything other than returns to be a deciding factor.
Very few hits from the portfolio, look at the capital it would have deployed and what did it return.
Bijak - struggling Brands of Bharat - ? Bounce - was significant once, not anymore Blackboard Radio - Shut recently Doubtnut - poor exit Dealshare - almost over Otipy - Struggle Vedantu - struggle
In fact, all over the portfolio, I see a few small-mid wins, but mostly losses. A VC fund does not perform basis few small-mid wins, it's the 4 or 5 big wins that make of breakf you
https://share.gvine.app/tFvkHPuQd6dUnmAq9
Looks like you'd smelled it a month away. GG>
Their investment support team (analysts And junior partners) was incredibly clueless. No alignment, no priorities, they would be interested in things others were interested in, and would only get a conviction if other heavyweights were interested. There are a couple more like that. India office has been poor for a while and it’s gonna show up someday for others too.
True. I know some senior folks, they're pretty shit. Currently working with Subhashish (ex-Omidyar) and I only have terrible things to say
Is Newslaundry omidyar investment?
Damn they would fund a news channel/paper? Crazy
Omidyar was focused on the Bharat TG. A noble pursuit but not a lot of startups can make money from there
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