Utthishta Yekum Fund (SEBI Reg. IN/AIF1/12-13/0002) is one of India's earliest SEBI-registered Category I AIFs (Venture Capital Fund), registered on 1 August 2012 — the second AIF ever registered by SEBI under the then-new AIF Regulations. It was managed by Hyderabad-based Utthishta Management Advisors LLP, a seed-stage venture capital firm focused on B2B software, web, mobile, and cloud computing startups. The fund had a corpus of ₹70 crore and an anchor commitment of ₹31 crore from M Prabhakara Rao, chairman of the ₹5,600-crore Nuziveedu Seeds Limited (NSL Group), one of India's largest agri-businesses. The fund wrote 'first cheque' investments of ₹10–20 lakh in very early-stage startups, typically acquiring 10–15% equity stakes and holding for a minimum of five years targeting 18–19% returns. Portfolio investments included SmarterSMB, Scanova (Trycon Technologies), Rapport, GreatWideOpen, Claimback, and happyweddings.com. Utthishta was also a partner to NASSCOM 10,000 Startup Initiative, Indian Angel Network, Mumbai Angels, and Calcutta Angels. The fund is listed as liquidated by PitchBook and has no current web presence.
P Rama Krishna
General Partner
P Rama Krishna is a General Partner of Utthishta Yekum Fund and one of the founding managers of Utthishta Management Advisors LLP. He has been quoted in multiple media reports about the fund's investment strategy and portfolio.
Mohsin Khan
General Partner
Mohsin Khan is a General Partner of Utthishta Yekum Fund and co-manager of Utthishta Management Advisors LLP. He was quoted as the general partner discussing the fund's strategy of targeting at least 20 Indian technology startup investments per year.
M Prabhakara Rao
Anchor Investor
M Prabhakara Rao is the chairman of Nuziveedu Seeds Limited (NSL Group), a ₹5,600-crore Hyderabad-based conglomerate with interests in agriculture, textiles, sugar, and renewable energy. He was the anchor investor of Utthishta Yekum Fund with a committed infusion of ₹31 crore.
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