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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.
Key people at Kora Management.
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.
