Salone Sehgal joins Jungle Ventures for their podcast “The First Cheque Show”

Salone Sehgal, Founder and Managing Partner at Lumikai Fund, joined The First Cheque Show with Rishab Malik to trace her journey from gaming entrepreneur to venture investor and share how she built India’s first interactive media, digital platforms, and games focused VC.

The conversation unpacked her path from raising capital for a gaming startup in 2014, to launching Lumikai in 2019, and the mindset shifts required to go from founder to fund manager.

Key highlights from the episode:

• Product-market fit applies to funds too- raising Lumikai during the pandemic meant building LP trust, debunking monetisation myths, and proving scale potential.

• India’s interactive media market is at an inflection point: growing at 16% five year CAGR.

• A rising wave of women gamers is reshaping India’s gaming demographics and broadening product opportunities.

• Transitioning from founder to investor required unlearning control, shifting from direct execution to patience, trust, and long-game compounding.

• The convergence of game mechanics with consumer apps is creating new engagement models across entertainment and consumer tech.

• In interactive media, strategic acquisitions will dominate exits over IPOs, as global majors seek Indian talent and IP.

  
  

You can watch the entire podcast here