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?