TLDR:
– Rishabh Mariwala of Sharrp Ventures cautions against investing based on buzzwords and FOMO.
– Family office focuses on long-term patient capital management and venture capital investing.
One of India’s prominent family office executives, Rishabh Mariwala, founder of Sharrp Ventures – the Mariwala Family Office, advises against making investment decisions based on trends and buzzwords. He emphasizes the importance of knowing one’s strengths and leveraging them while investing for the long term.
Mariwala manages the family office of the Harsh Mariwala family, known for Marico, a renowned consumer goods company in India. While the office primarily invests in public markets, it also focuses on venture capital investing, with a keen eye on consumer-related fields.
The family office portfolio includes investments in companies like Nykaa, Sleepycat, Mamaearth, and MCaffeine, showcasing successful outcomes and a high internal rate of return. Mariwala stresses the significance of due diligence and the need for effective management information systems to make informed investment decisions.
Overall, Mariwala’s venture capital philosophy aligns with a long-term, patient capital strategy that aims for sustainable growth rather than short-term gains. Family offices, according to Mariwala, have the flexibility to invest for the next decade, allowing them to maximize opportunities and advantages over traditional VC funds.
