Naresh Malhotra, former CEO of Café Coffee Day (CCD) and an angel financier, is co-investing along with two others to create a Rs 50 crore, earlystage startup family fund.
Monika Rao, cofounder of Family Doctor, and her husband Mukund Rao, founder of IT company DerivIT, are the other lead investors in the fund. DerivIT was recently acquired by Swiss software development company Luxoft.