Building future leaders in
venture capital and entrepreneurship
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Building future leaders in
venture capital and
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entrepreneurship
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What to expect at
Fellowship?

Fellowship Batch
of 2024

What is
Fellowship?
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The Fellowship is a selective two-year, paid, immersive, apprenticeship-style program offering intensive, hands-on learning in the venture capital industry.
We created this program to open doors to an industry that rarely opens them - and to develop the next generation of investment leaders.
The program combines rigorous training with real-world application. Fellows develop strong analytical and writing capabilities, contributing to Kalaari's research reports and content initiatives that shape industry perspectives.
The program's architecture is deliberate: year one establishes analytical rigour through systematic training; year two places you at the center of deal-making and founder relationships.
Four batches of Fellows have successfully completed this program so far, with each cohort having approximately 10 to 15 Fellows each.
The program combines rigorous training with real-world application. Fellows develop strong analytical and writing capabilities, contributing to Kalaari's research reports and content initiatives that shape industry perspectives.
The program's architecture is deliberate: year one establishes analytical rigour through systematic training; year two places you at the center of deal-making and founder relationships.
Four batches of Fellows have successfully completed this program so far, with each cohort having approximately 10 to 15 Fellows each.
Application
process
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1st
stage
Application
Submission
2nd
stage
Case Study Submission
3rd
stage
Technical
Interviews
Interviews
4th
stage
Culture
Round
Round
5th
stage
Offer
Rollout
Rollout
What a

Fellow
learns
The program is built on an apprenticeship model designed to provide deep, hands-on exposure across the following core areas.
Our Values
#Life@Kalaari
Dynamic
Performance Oriented
Team Kalaari living the spirit of Diwali festivities
Passion for Technology
Teamwork
Inclusive
Alumni day 2025
Tenacious
Learning Oriented
Hear from our
alumni
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Hear from
Our
alumni
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Kalaari’s conviction showed early — not just in the idea, but in the details. Vani flew to Mumbai to see our backend firsthand. That level of curiosity and belief from an investor is rare.

Gaurav Singh Kushwaha
Founder & CEO, BlueStone
The fellowship was a wonderful experience where I learnt the different journeys of an investment process. I was very impressed with the ownership and responsibilities given to us from day 1, which really helped expedite the learning curve. Personally, I could not have asked for a better start in my investing career than the Kalaari Fellowship program.

Vinesh Singodia
Fellowship Batch 3
Senior Investment Associate at Lunate
Hear from other alumni
Everything you
need to know

What is the duration of the Fellowship?
The Fellowship is a 2-year, full-time, paid program.
When does the next batch start?
The next batch begins by end of March 2027. Applications are open from August 31, 2026, to September 27, 2026.
Do I need to be in Bengaluru for the program?
All Fellows are expected to be in Bengaluru for the duration of the Fellowship. This is a full-time, in-person role.
Is this a part-time program? Can I apply as an intern?
The Fellowship is a highly intensive, immersive, full-time role. We do not consider part-time applicants, short-duration interns, or college students seeking summer internships.
What work experience is required to apply?
We believe applicants with up to 5 years of experience would benefit most from the program. However, this is not a hard criterion, and we are open to consider applicants who have exceptional achievements in their academics and professional careers, and who demonstrate a strong interest in and exposure to startups and emerging technologies.
Is there a specific academic or professional background Kalaari looks for?
There is no specific academic or professional background required. Candidates who bring relevant exposure to emerging technologies and startups are encouraged to apply.
Can candidates outside India apply?
Yes, if you can relocate to Bengaluru and have the right to work in India.
How many Fellows are selected per batch?
There are 12 to 15 Fellows in each batch.
Can I reapply if I wasn't selected in a past cohort?
Yes. You're welcome to reapply in current or future cycles, provided you still meet the eligibility criteria.
How long does the selection process take?
The Fellowship is highly selective. The end-to-end process, from application start to offer rollout, takes approximately 24 weeks across four evaluation stages.
Does Kalaari provide housing?
Kalaari covers boarding during the induction period. Fellows are expected to arrange their own accommodation thereafter, and we are happy to support you through the process.
What are my prospects post the Fellowship program?
As a Fellow you get to learn ropes of venture capital firsthand. Fellows can choose from a variety of options – continue in the path of venture capital, start a company, take up operating roles in corporates, join an elite MBA program, or just follow their passion and dreams. We believe that you will be challenged and transformed as an individual during the course of the program. It is up to you to make your time with Kalaari truly count by taking initiative and volunteering to pick up diverse projects.
Are Fellows paid during the program?
Fellows will be paid a fixed stipend of ~INR 18L per annum during the two-year duration of the program. In addition, Fellows will be entitled to health insurance and other employee benefits.
Who do I contact if I have any queries?
You can reach out to us through fellowship@kalaari.com
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