1947 Rise ☀️: 337

Rajeev Mishra & tons of new dry powder in India now!

1. India is the best performing market in SoftBank portfolio: Rajeev Misra

Is there a constraint when it comes to opportunity in India?

We already own 20 percent in all the good companies. We haven’t added to it.

Can you give us a sense of how much returns India has generated for SoftBank?

It is the best performing market for us. Best performing in the Vision Fund portfolio.

India is the best performing market in SoftBank portfolio: Rajeev Misra

2.India’s Reliance launches $12 4G-enabled phone to extend reach

Reliance’s digital arm, Jio Platforms, has unveiled a new mobile handset and associated tariff plans, the latest in a series of years-long efforts from the top Indian telecom operator as it vies to convert users who remain “trapped” in the country’s legacy 2G networks.

The Jio Bharat is priced at 999 Indian rupees, or $12.2, Reliance said. The Jio Bharat is designed for 250 million consumers in India who have found the transition to 4G network prohibitively expensive, the Indian giant said. The handset is part of the offering; the other play is the new affordable tariff plan.

India's Reliance launches $12 4G-enabled phone to extend reach

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A podcast:

1947 VC ✨

My conversation with Gaurav Jain is live.

The key lesson from our portfolio founders: There's no formula for success based on education, IQ, or funding.
The real game-changer?
A relentless willingness to iterate, be self-critical, and prioritize customer feedback.
Keep the cycle short, aim for more shots on goal.

We covered:

- The founding story of Afore Capital
- How did he meet Anamitra Banerji
- Importance of Portfolio Construction
- Keys to building relationships with LPs
- Fundraising from LPs
- The hardest part of the journey is getting to the first close
- Biggest Mistakes First-time fund managers make
- How to reinvent yourself to stay relevant
- India is a top opportunity
- His obsession outside of work
- Health and well-being
And much more!

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Worth your attention:

1. Rajeev Misra’s new fund marks first close at $7 billion, invests in SP Group through debt Link

2. RTP Global closes new $1 billion fund, to deploy one-third of corpus in India, SEA Link

3. Rishi Navani’s Epiq Capital closes second fund at $225 million Link

4. Good Capital launches $50 million fund to back startups leveraging AI Link

5. Arkam Ventures launches second fund; targets to raise $180 million Link

6. Omnivore raises $150 million for third fund; will invest in 30 startups Link

7. Byju’s promoters sold shares worth $408.53 million since 2015: PrivateCircle Link

Hey there, awesome folks! Big props for checking out my piece. If you’ve got any thoughts, feedback, or questions, hit me up on Twitter!