500 Startups delays $25 million India-focussed Kulfi fund
California-based early-stage seed fund 500 Startups, has reportedly delayed its plans to raise a $25 million India-focussed fund called 500 Kulfi. The accelerator, led by angel investor Dave McClure, cited taxation and regulatory concerns as reasons for putting the fund on hold. 500 Startups has invested in over 50 companies in India since 2011 including Instamojo and CultureAlley.