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Key people at Kora Management.
Kora Management is a hedge fund management firm based in Brooklyn, New York, specializing in financial services and internet investments within emerging markets. The firm manages $1.2 billion in discretionary assets as of March 2024. Its Q1 2024 13F filing reported $483 million in securities, serving 7 clients with 11-20 employees and an estimated $5-10 million in revenue. Kora employs independent research to build focused, low-turnover portfolios targeting long-term profit opportunities, notably holding a 100% concentration in its top 10 positions, led by Sea Ltd ADR in Q1 2024. Co-founded by Nitin Saigal, who serves as CIO, and Daniel Jacobs, a Founding Partner and Co-CIO, Kora Management was established in Q4 2013. Its business model centers on manages discretionary assets for clients through hedge funds as an investment adviser.
Kora Management has 6 tracked investments across 4 companies. The latest tracked deal is $50.0M Series B in Paymob in May 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 9, 2022 | Paymob | $50.0M Series B | Kora Management, PayPal Ventures | — |
| Jan 1, 2022 | Dream Games | $260.0M Series C | Stephane Kurgan | LEGO Ventures, Makers Fund, Anandamoy Roychowdhary, Play Ventures, Balderton Capital, BlackRock, IVP |
| Nov 10, 2021 | ClearTax | $75.0M Series C | Kora Management | Stripe |
| Jun 1, 2021 | Dream Games | $160.0M Series B | Makers Fund, Stephane Kurgan | LEGO Ventures, Anandamoy Roychowdhary, Play Ventures, Balderton Capital, IVP |
| Feb 22, 2021 | Zomato | $250.0M Other Equity | — | BOW Wave Capital Management, Dragoneer Investment Group, Fidelity Management & Research Company, Tiger Global |
| Oct 16, 2020 | Zomato | $52.0M Other Equity | Kora Management | — |
Key people at Kora Management.
