Saurabh Mukherjea, along with his colleague Nandita Rajhansa, has coined the term the "octopus class" to analyse the rise of this affluent class in India.
Traditionally, limited partners (LPs) commit capital to venture funds without knowledge of the specific investments the fund manager will make, known as blind pool investment. However, these co-investment programmes provide LPs with the freedom to choose startups they want to fund, and typically do not have any management fees attached to them.
In the first nine months of 2023, Mumbai reported 94,383 registrations, resulting in a substantial revenue of Rs 8,389 crore for the state treasury, the highest in this timeframe since 2013.
In the first nine months of 2023, Mumbai reported 94,383 registrations, resulting in a substantial revenue of Rs 8,389 crore for the state treasury, the highest in this timeframe since 2013.