Shalini Prakash is the only member of 500 Startups left in India. Pankaj Jain, partner and India operations head, quit at the end of December 2016. Soaib Grewal resigned a few weeks before Jain. And the $25 million 500 Kulfi fund failed to set.

A spokesperson told Economic Times in January 2017, “Due to recent moves by the India government regarding tax and regulatory environment, our India fund is on hold temporarily, until we have more clarity.”

Was that it?


Patanjali Pahwa

Patanjali has spent over seven years in journalism. He last worked at Business Standard as Principal Correspondent, where he wrote on startups, e-commerce companies and venture capital. He has worked at an array of institutions, which include Forbes India, Caravan and Outlook Business. He is a Mumbaikar, born and brought up. Patanjali did his BSc in IT from Mumbai University and then got his journalism degree from IIJNM in Bangalore. He is enamoured by Ernest Hemingway and Tom Waits and may try to sneak in references to them in his stories.

View Full Profile

Sign up to our India edition to read this story instantly

To sign up, you’ll create an account that will give you access to a new free story published once a week and archive of 214+ previously published free stories from our India edition. You’ll also receive one email every morning from us introducing the day’s story.

If you’ve already signed up, just enter your email below or login using Facebook or Google.