Salone Sehgal On Why A Vertical Fund Strategy Still Wins With Jungle Venture's The First Cheque Show

Funds need product-market fit too. Raising Lumikai in 2020, in the middle of the pandemic, meant earning LP trust, debunking myths about monetisation and proving that a vertical strategy could scale.

On Jungle Ventures' The First Cheque Show, host Rishab Malik sits down with Salone Sehgal, Founder and Managing Partner of Lumikai, to trace her journey from gaming entrepreneur to venture investor.

Salone revisits raising capital for her own startup in 2014 and the mindset shifts it took to become a fund manager: unlearning control, and trading direct execution for patience, trust and long-game compounding. She explains why India's interactive media market, growing at a 16% five-year CAGR, is at an inflection point, how game mechanics are reshaping engagement across consumer apps, and how a rising wave of women gamers is widening the opportunity. She also makes the case that strategic acquisitions by global majors hunting for Indian talent and IP will drive most exits in the space.

Weighing the leap from founder to fund manager, or wondering how exits will play out in Indian interactive media? You'll want to hear this.

Press play and hear why going vertical pays off.