Yes Bank CEO Rana Kapoor is a proud father of three daughters-Radha, Raakhe and Roshini.
Three of them have started a family office by the name-The Three Sisters-which invests in startups and new businesses.
They are planning to $150 million, or about Rs 965 crore, to incubate and fund new businesses in different categories such as education, tourism, family entertainment centres, agri-logistics, etc.
“We are not really passive investors. Our model has been to partner with good management teams at a concept stage and build businesses for the long term,” Radha Kapoor Khanna, promoter of The Three Sisters, told ET.
Launched nine years ago, The Three Sisters has already invested $100 million in a string of businesses.
Awfis, a company that governs co-working spaces, was started by The Three Sisters in partnership with Amit Ramani, a professional turned entrepreneur, two years ago.
The Three Sisters employs 75 people, with a combination of investment and operating expertise to incubate new ideas and roll out business ventures. It is also allocating funds to promote entrepreneurship through a startup incubator that will set aside up to $5 million to back ideas in the education sector.