Mariwalas Looking at Start-ups to Broaden Investment Portfolio

Posted by Mariwala Family Office on August 26th, 2021

Sharrp Ventures, the Harsh Mariwala family office, is creating an additional pool of wealth for the Mariwala family beyond Marico and Kaya by investing in start-ups. “Until about five years ago, our family was investing surplus funds in acquiring further shares in Marico. At that time, I proposed setting up the family office to create an investment portfolio beyond Marico and Kaya,” Rishabh Mariwala, Director, Sharrp Ventures, told Entrepreneur India in an interview.

The family office fund has pooled money in venture capitalist (VC) funds along with directly investing into start-ups, creating a portfolio of about 20 companies in five years.

Sharrp Ventures takes a long-term view with their investments and do not have a fixed exit strategy. “We do not have exit compulsions and can stay invested till investee companies reach IPO or are attractive for M&A opportunities,” Mariwala explained. “As a family office, I do not have to face the pressure of running a fund, so we are in no hurry to invest or to exit when there is value still left on the table.”

https://www.sharrpventures.com/