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Open, Honest Chat Must To Fix Governance Issues: Ankur Capital

Inc42Inc42 ยท 1y ago
Open, Honest Chat Must To Fix Governance Issues: Ankur Capital
Medial

Investment director at Ankur Capital, Shiv Shanker, emphasises the need for open and honest communication between founders and investors to tackle corporate governance issues at Indian startups. He urges early-stage founders to disclose critical governance-related issues to their investors, while also advising investors to be rational and supportive rather than resorting to heavy-handed measures. Shanker suggests a more structured approach for investors, including dynamic strategy meetings and prompt communication, to ensure startups find their footing and adhere to defined key performance indicators. The tightening of purse strings and increased scrutiny by investors are responses to recent governance issues that have eroded trust in startups.

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Ankur Capital receives commitments from BII and MacArthur for its third fund

EntrackrEntrackr ยท 1y ago
Ankur Capital receives commitments from BII and MacArthur for its third fund
Medial

Ankur Capital, an early-stage venture capital fund, has received commitments from two of its existing Limited Partners into its third fund. British International Investment and the John D. and Catherine T. MacArthur Foundation both have made commitments to Ankur Capitalโ€™s third fundโ€”Ankur Capital Fund III, the fund said in a press release. The duo join the U.S International Development Finance Corporation (DFC) and Self-Reliant India Fund who had committed to the fund earlier. With a target of Rs 1,200 crore (about $150 million), Ankur Capital Fund III will continue to invest in technologies with themes tapping into the digital transformation and decarbonization opportunities for both India and beyond. According to Ankur Capital, it manages over $200 million AUM across its previous funds. With Fund III, Ankur will continue its focus on pre-series A investments with entry check sizes in the $1-2 million range and continue its support up to $10 million. Since inception, Ankur Capital has been backing deep technology innovations that address critical problems such as improving market supply chain efficiency, agricultural productivity, climate and health linked innovations, new products and services for mass markets. Ankurโ€™s investment portfolio includes companies such as Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab, BigHaat, Cropin, and Niramai.

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