Even as 2017 witnesses a shrinking of overall Early Stage Venture Capital activity, WaterBridge Ventures – a new early stage focused firm - has notched up as many as six investments already during the year. In an interview to Venture Intelligence, Manish Kheterpal , WaterBridge’s Founder & Managing Partner– an IIT-Delhi & Stanford alum who had worked earlier at Providence Equity Partners, Actis Capital and Rho Capital Partners - expands on the firm’s fund raising experience and investment outlook. Venture Intelligence: You had announced a first close of your INR 100 Cr ($15 M) fund in mid 2016 with about $5 M (INR 33 Cr). How was the fund raising experience? Manish Kheterpal: We were fortunate to launch the fund in 2016 without the need for an anchor investor. That helped us get our team, processes and market presence sorted, and also make some early investments while being highly selective about our portfolio. Since we are building a curated portfolio of...