Vani Kola, 

In the 12 months beginning June 2015, tech startups in India saw a peak marked by funding binges, but sobriety kicked in from November. “The funding was not going to continue into perpetuity. A group of companies got built and have created value. We need to now create new-momentum companies for a repeat of that level of funding,” she says. There is a new India coming onto e-commerce, Kola believes, referring to 4G's proliferation. Last year, even as doomsday tales spread thick and fast, Kalaari invested $127 million across 19 startups. “In a 10-year fund, there will be some ups and downs, which is why there is need for some discipline,” says Kola.