How We Closed Our Biggest Fund ($300M) | Alok & Ritesh | Stellaris Venture Partners

Venture Capitalists on Venture CapitalIn this episode we have Alok Goyal and Ritesh Banglani, Partners at Stellaris Venture Partners, one of India’s top VC firms. We go into details on running a VC firm in India. We discuss the ambition of Indian founders, what are the next B2B SaaS billion-dollar outcomes, market-first vs. founder-first investments, decision-making process at Stellaris and why DPI (Distributed to Paid-in Capital) is the ultimate measure of success.If you’re curious about how top VCs invest, what makes a great fund, and what advantages Indian startups have in the AI race then this episode is for you. 0:00 - Stellaris Venture Partners Introduction0:50 - How Stellaris Measures Success3:16 - Deal Sourcing in Venture Capital5:40 - Coverage Ratio in Venture Capital7:39 - Contrarian Bets: Mamaearth and Whatfix9:34 - Independent Conviction in Venture Capital12:03 - Trust in Venture Partnerships15:12 - The War Stories Behind Stellaris’ First Fundraise18:10 - Fundraising during COVID22:30 - How Stellaris Raised Its Third Fund26:31 - Stellaris’ Investment Strategy30:08 - Founder-First Vs. Market-first Investments36:32 - Strengths of Stellaris’ Four Partners41:07 - Culture of Open Disagreement in Decision-Making48:08 - The Ambition Levels of Indian Founders50:08 - Next Billion-Dollar SaaS Companies From India56:17 - How Venture Investing in India Has Changed57:38 - Decision-Making in Stellaris vs. Other VC firms1:07:43 - Global AI Trends and Stellaris’ Investment Thesis1:11:31 - Opportunity For Indian AI Startups1:16:17 - How Stellaris is Evolving with Time1:17:24 - The Need for Bigger Outcomes in Fund Three-------------Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.-------------Check us out on:Website: https://neon.fund/Instagram: https://www.instagram.com/theneonshoww/LinkedIn: https://www.linkedin.com/company/beneon/Twitter: https://x.com/TheNeonShowwConnect with Siddhartha on:LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/Twitter: https://x.com/siddharthaa7-------------This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.Send us Fan Mail