About four years ago, Mukul Singhal and Rohit Jain, then fund managers with private equity firm SAIF Partners, started experimenting with a new investing model. Every time they invested in young start-ups, they would try to bring angel investors with specific domain expertise on board as co-investors. The idea was to build an enabling ecosystem that extended beyond capital around the start-ups they backed. That experiment is now the core operating strategy at Pravega Ventures, the venture capital firm Singhal and Jain founded early last year after they quit SAIF.
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