Daybreak Why India’s ultra-rich are keeping it in the family — and out of VC funds
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May 20, 2025 Nooha Buberi, a reporter at The Ken and an expert on family offices, sheds light on India's ultra-rich who are taking their investments into their own hands. She explores the growing dissatisfaction with venture capital, as family offices favor direct investments over traditional funds. Their reasons? Better returns and more control. Nooha dives into the evolving investment strategies, highlighting the importance of personal relationships in deal-making. This shift signals a significant change in how wealth is managed and invested in the startup ecosystem.
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Family Offices Cut Out VCs
- Family offices are shifting from relying on venture capitalists to managing investments themselves.
- They prefer control over decisions and believe they can evaluate deals better internally.
VCs Losing Control Over Capital
- Family offices' main grievance is that VC funds seldom return money to investors.
- VCs argue they remain specialists crucial for sourcing quality deals, but influence is waning.
Family Offices Balance Risks Post-2022
- Post-2022, family offices reduced private investments due to risks and shifted assets toward public markets.
- This rebalancing led to family offices investing more independently and cautiously.