Venture capitalist Tej Kohli, announced today about his newly formed Kohli Impact Investment Initiative, commencing with a hefty sum of $25 million. The Initiative is powered by Kohli’s family office, Kohli Ventures particularly targeted at attracting innovative and disruptive technologies. Just like other impact funds, the said fund will invest in ventures having a positive impact on the social and tech ecosystem.
With startups emerging from every field, the fund will chiefly be directed towards technology, renewable energy, property, AgriTech and medical innovations sectors. All transactions will include Tej Kohli as the leading investor. This Initiative will not only provide financial assistance to growth potential startups but will also deliver experience, expertise, management infrastructure and access to R&D facilities under the mentorship of Tej Kohli himself. This will further enable new entrepreneurs to develop their ideas and scale their operations.
Back in December 2015, Kohli Ventures backed Zynergy Solar, an Indian company focused on rural-centric off-grid solar products. The success story of the same inspired him to launch Kohli Impact Investment Initiative. It is now accepting applications from organisations presenting ideas relative to social and environmental impact in hand with good financial returns. Other major investments for his VC firm include Elegant Technology, Cedars Online, Dynacart Solutions, Grafix Softech, etc. Jim Rai, a former lawyer and principle advisor for the Kohli Impact Investment Initiative commented on the launch as,
We believe in the importance of making investments that have a significant social and environment impact, and are delighted to be launching this new initiative in order to focus our efforts in this space. We have been encouraged by the continued success of Zynergy and look forward to seeking out and working with innovative and game changing businesses, using our experience and expertise to help them develop and scale their businesses.
He believes that the newly targeted investing market will provide him with a diverse range of viable opportunities besides affecting social environment affirmatively.