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<keyword id="4461645" type="ORGANIZATION" weightage="20" keywordseo="YES-Bank-CEO-Rana-Kapoor">Yes Bank CEO Rana Kapoor</keyword> is a proud father of three daughters-Radha, Raakhe and Roshini. Three of them have started a family office by the name-The Three Sisters-which invests in <keyword id="6362513" type="ORGANIZATION" weightage="20" keywordseo="Startups">startups</keyword> and new businesses. They are planning to $150 million, or about Rs 965 crore, to incubate and fund new businesses in different categories such as education, tourism, family entertainment centres, agri-logistics, etc. "We are not really passive investors. Our model has been to partner with good management teams at a concept stage and build businesses for the long term,” Radha Kapoor Khanna, promoter of <keyword id="4495116" type="UNKNOWN" weightage="20" keywordseo="The-Three-Sisters">The Three Sisters</keyword>, told ET. Launched nine years ago, The Three Sisters has already invested $100 million in a string of businesses. Awfis, a company that runs co-working spaces, was started by The Three Sisters in partnership with Amit Ramani, a professional turned entrepreneur, two years ago. "We are seeing the family office concept becoming more popular in a lot of countries where traditionally business has been family-owned, such as in India,” Fakhri Ahmadov, managing director at London-based family office advisor Ahmadoff &amp; Company, told ET. The Three Sisters employs 75 people, with a combination of investment and operating expertise to incubate new ideas and roll out business ventures. It is also allocating funds to promote entrepreneurship through a startup incubator that will set aside up to $5 million to back ideas in the education sector.

These daughters of an Indian billionaire are investing in startups like a boss; have raked in $100 million so far

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These daughters of an Indian billionaire are investing in startups like a boss; have raked in $100 million so far

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