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Venture Capital
FINANCE | Investment Firms & Funds
rocketship.vc

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Investments

45

Portfolio Exits

5

Funds

3

About Rocketship.vc

rocketship.vc is an early stage venture fund that was developed and incubated at Milliways Ventures.

Rocketship.vc Headquarter Location

101 University Ave Suite 245

Palo Alto, California, 94301,

United States

650-843-5000

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Rocketship.vc Web Traffic

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Page Views per Million (PVPM)
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Latest Rocketship.vc News

Why Silicon Valley-based Rocketship.vc is bullish about the Indian market

Mar 24, 2022

{{monthName}} {{day}}, {{year}} In a recent conversation with YourStory’s Daily Dispatch powered by HSBC, Madhu Shalini Iyer, Partner, Rocketship.vc talks about the fund’s specific focus on the Indian market at present and shares strategies for the future. 0 CLAPS 0 Silicon Valley-based early-stage venture capital firm Rocketship.vc has been bullish on the Indian market. It has already invested in startups including Khatabook, Apna, Moglix, etc, and plans to focus more on the emerging Indian landscape. Speaking about the startup activity in India, Madhu Shalini Iyer, Partner, Rocketship.vc  says Rocketship.vc is data-driven and has been very bullish on the Indian market. “We are a venture capital firm with a twist. We have the largest startup database activity in the world,” she shares in an episode of YourStory’s Daily Dispatch. The firm has been focusing heavily on India lately and has been doubling down on investments in the Indian startup ecosystem. Madhu Shalini Iyer, Partner, Rocketship.vc ALSO READ “India is still showing up very heavily on our screens,” says Madhu. The firm’s strategy continues to be — 'the best comes first’. She adds that the team is currently seeing a lot of fintech activity in the Indian market. Apart from that, B2B, B2C and ecommerce players are also coming into focus, but fintech is outshining other sectors. While talking about the valuation scenario in India at present, Madhu mentions that company market capitalisations have been very high as of now. However, Rocketship.vc is noticing some value corrections across the board. “In the Valley, late-stage deals are getting squeezed in and that is what’s going to happen everywhere,” she says. She adds that even for early-stage startups, the valuations are coming down and in her opinion, this wave of correction is going to hit India as well. “I do think that there is going to be a lot of appetite for companies and startups that are doing really well and that has a lot of value creation. They are going to see a lot of fundraising before things take a turn to correct themselves,” says Madhu. In terms of the fundraising scenario, she says that Rocketship.vc has already raised two rounds and is in the process of raising a third. “We have always been a global fund; our strategy is global,” she says. The firm is very excited about the emerging markets, especially India. “We are going to go where the algorithms take us and that algorithm is really reflective of what’s going on in the world,” Madhu signs off. Edited by Kanishk Singh

Rocketship.vc Investments

45 Investments

Rocketship.vc has made 45 investments. Their latest investment was in KitaLulus as part of their Series A on May 5, 2022.

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Rocketship.vc Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/24/2022

Series A

KitaLulus

Yes

2

2/3/2022

Series A

Jar

$32M

Yes

9

1/24/2022

Series A

Raise Financial

$22M

Yes

5

12/20/2021

Series C

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$99M

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10

12/15/2021

Series A

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$99M

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10

Date

5/24/2022

2/3/2022

1/24/2022

12/20/2021

12/15/2021

Round

Series A

Series A

Series A

Series C

Series A

Company

KitaLulus

Jar

Raise Financial

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Amount

$32M

$22M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

9

5

10

10

Rocketship.vc Portfolio Exits

5 Portfolio Exits

Rocketship.vc has 5 portfolio exits. Their latest portfolio exit was Later on April 27, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/27/2022

Acquired

$99M

2

7/22/2021

Acquired

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$99M

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10

7/13/2020

Acquired

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$99M

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10

8/5/2019

Acq - Fin

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$99M

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10

4/23/2015

Acquired

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$99M

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10

Date

4/27/2022

7/22/2021

7/13/2020

8/5/2019

4/23/2015

Exit

Acquired

Acquired

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

Rocketship.vc Fund History

3 Fund Histories

Rocketship.vc has 3 funds, including Rocketship.vc Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/11/2020

Rocketship.vc Fund II

Early-Stage Venture Capital

Open

$100M

4

1/13/2016

Rocketship.vc Fund I

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$99M

10

Rocketship.vc Parallel Fund II

10

Closing Date

8/11/2020

1/13/2016

Fund

Rocketship.vc Fund II

Rocketship.vc Fund I

Rocketship.vc Parallel Fund II

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$100M

$99M

Sources

4

10

10

Rocketship.vc Team

1 Team Member

Rocketship.vc has 1 team member, including current Chief Financial Officer, Greg Lahann.

Name

Work History

Title

Status

Greg Lahann

Claremont Creek Ventures, Alta Energy, ERP Power, and MK Global Ventures

Chief Financial Officer

Current

Name

Greg Lahann

Work History

Claremont Creek Ventures, Alta Energy, ERP Power, and MK Global Ventures

Title

Chief Financial Officer

Status

Current

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