DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Kalaari Capital Advisors Pvt Ltd
Kalaari Capital Advisors Pvt Ltd
Empowering exceptional entrepreneurs with capital and long-term commitment. Discover our high-conviction investment approach for tech startups.
venture manager, reported GAV $441M across 3 vehicles
Importance
38
elevated
Active deployment
30
moderate
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
12
low
Identity and regulatory footprint
- Headquarters
- Bangalore, Indiaadviserinfo.sec.gov
- Office address
- UNIT NO.2 NAVIGATOR, ITPB, WHITEFIELD, Bangalore, 560 066adviserinfo.sec.gov
- Business phone
- 011 91 80 6715 9605adviserinfo.sec.gov
- Website
- HTTP://KALAARI.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- private fund adviseradviserinfo.sec.gov
- Latest Form ADV
- Jul 3, 2024
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $441Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- info@kalaari.comkalaari.compublished by the subject
- business email
- investments@kalaari.comkalaari.compublished by the subject
- business phone
- 011 91 80 6715 9605adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
74 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, healthcare, biotech, consumer, deep tech, hardware, robotics, space, defense, industrial, agtech
- Stages
- seed, series b
- Geography
- global, globally, india
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 74
Funds and vehicles
3 reported, 1 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Fund C | Fund | 2015 adv first reported | Harvest | $207M Jul 3, 2024 | 33 | unknown | unknown |
| Fund D | Fund | 2015 adv first reported | Harvest | $72.0M Jul 3, 2024 | 31 | unknown | unknown |
| Fund B | Fund | 2011 form d first sale | Harvest | $162M Jul 3, 2024 | 14 | $149M of $150M | Jul 26, 2012 |
| NEW Enterprise Associates-Indous Ventures, LLC | Fund | unknown | Wound down | $173M Mar 30, 2012 | 28 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
2 current, 2 departed
Vani Kola
PartnerManaging Director · since Nov 1, 2007
Karthik Nageswaran
PrincipalDirector · since Jun 1, 2023
2 departed (kept with end dates)
- Kumar T Shirlagi · Managing Director · Nov 1, 2007 to Jul 3, 2017 Inference
- Rajesh Raju · Director · Nov 1, 2016 to Jun 30, 2023 Inference
Investments on record
74 edges, 74 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
11 relationships from shared deals, counted for the whole firm
Courtside Ventures 1 shared · one timeAccion 1 shared · one timeCrane Venture Partners LLP 1 shared · one timeBarrel Ventures Management, LLC 1 shared · one timeSiddhi Capital, LLC 1 shared · one timeLightbox Management Limited 1 shared · one timeIncubate 1 shared · one timeStellaris Venture Partners 1 shared · one timeExceptional Capital, LLC 1 shared · one timeCamden Partners Growth Equity 1 shared · one timeAccel 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
12 dated events
- Sep 16, 2026paper square no longer listed on Kalaari Capital Advisors Pvt Ltd's portfolio pageRemoved from portfolio pagePortfolioInferencepaper squareVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Skit.ai no longer listed on Kalaari Capital Advisors Pvt Ltd's portfolio pageRemoved from portfolio pagePortfolioInferenceSkit.aiVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Matters.AI no longer listed on Kalaari Capital Advisors Pvt Ltd's portfolio pageRemoved from portfolio pagePortfolioInferenceMatters.AIVenture organization websites (about, team, portfolio, thesis, news pages)
- Jun 30, 2023Rajesh Raju (Director) no longer on Schedule A of Kalaari Capital Advisors Pvt Ltd
- Jun 1, 2023Karthik Nageswaran joined Schedule A of Kalaari Capital Advisors Pvt Ltd as Director
- Jul 3, 2017Kumar T Shirlagi (Managing Director) no longer on Schedule A of Kalaari Capital Advisors Pvt Ltd
- Nov 1, 2016Rajesh Raju joined Schedule A of Kalaari Capital Advisors Pvt Ltd as Director
- Jun 29, 2015Fund C first reported on Form ADV by Kalaari Capital Advisors Pvt Ltd (Venture Capital Fund), GAV $130,000,000Fund first reported on Form ADVFundsFactFund CSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 29, 2015Fund D first reported on Form ADV by Kalaari Capital Advisors Pvt Ltd (Venture Capital Fund), GAV $30,000,000Fund first reported on Form ADVFundsFactFund DSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2013Fund a no longer reported on Form ADV by Indous Capital Advisors Private LimitedFund no longer reportedFundsInferenceNEW Enterprise Associates-Indous Ventures, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Indous Capital Advisors Private Limited first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Fund B first reported on Form ADV by Indous Capital Advisors Private Limited (Venture Capital Fund), GAV $100,000,000Fund first reported on Form ADVFundsFactFund BSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 15, 2026Institutional venture firm (probable, 80%, cls-1)venture manager, reported GAV $441M across 3 vehicles
- Sep 12, 2026Institutional venture firm (probable, 70%, cls-1)venture manager with no reported fund assets yet (scale unknown)
Evidence
44 observations from 2 sources