Investment Models
As somebody who grew up with limited resources and invested from his pool of capital, Varun believes in the ability of money to unlock opportunities and ideas. He believes that he has been fortunate to get an opportunity to work with some of the most innovative founders in the region as a friend, advisor and investor.
As an operator committed to ensuring skin in the game in every investment, Varun employs multiple investment models to cater to the diverse range of investment opportunities, founders and investors to collaborate with. Varun founded Boleh Ventures (BV), an investment holding and family office to manage the capital for private market investments. Additionally, he leverages managed vehicles in collaboration with local VC and Fintech Nation team to operate Fintech Nation Fund (FN1) and an investment syndicate
BV invests the family capital of Varun Mittal, which is managed in-house through multiple Investment Holdings entities. It supports startups through different life stages of startups through the community of founders and angel investors. It focuses primarily on early-stage deals in South East, India and Africa. As an evergreen pool of capital, it has investments from the idea stage to post-IPO public market holdings.
Varun collaborates with local venture capital funds for specific geographical and sector coverage to act as Limited Partner. BV represents Varun for such deals and takes co-investment rights for the portfolio. Varun leverages this as an entry point to build his understanding and network into aspiration areas. Varun prefers to be among the first backers for first-time fund managers, who are like startup entrepreneurs in their unique way.
As a community builder, Varun collaborates with like-minded investors to create managed vehicles to cater to opportunities created through access and relationships originated through grassroots relations. Varun plays an active role in such transactions by participating in portfolio identification, negotiation and growth advisory. Varun plays the role of Founding & Strategic Limited Partner, with support from team members.