The major venture capital movements in 2021
The year has also been busy with population movements. The churn rate was largely fueled by senior executives seeking better opportunities in international investment vehicles or by diversifying. Alok Goel, who led investments in some of the biggest unicorns in mainstream tech at Elevation Capital, started his own entrepreneurial journey while others moved and joined international funds becoming aggressive towards India.
Here is a list of the big movements in the Indian venture capital community.
â Ravinder Singh, capital of Kalaari
Singh was hired by Kalaari Capital earlier this year as a partner to lead deep tech investments. Singh has over a decade of technology experience in large conglomerates. Prior to Kalaari, Singh was Chief Information and Innovation Officer at Tata Singapore Airlines (Air Vistara) for five years.
â Sandeep Bapat, capital of Trifecta
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Kunal Bahl, Co-founder and CEO, Snapdeal
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Ritesh Agarwal, Founder and CEO, Oyo
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Goyal from the depths, Co-founder and CEO, Zomato
Bapat came to Trifecta Capital, known for its debt financing platform as a partner in its growth capital vertical. At his former employer, Hong Kong-based Hillhouse, Bapat has invested in the tech, consumer and financial services sectors in leading Indian startups like Swiggy, Udaan, Sharechat and CRED, among others.
â Shilpa Kulkarni, Panthera Growth
Kulkarni founded Zodius Capital Advisors, an early investor in startups like online furniture retailer Pepperfry and grocery retailer BigBasket, in 2010, which was later acquired by Avendus Capital. Kulkarni joined Panthera Growth, a Singapore-based growth investment firm, as a Managing Partner this year.
â Alok Goel, DriveTrain
Goel led investments at Elevation Capital in startups like Meesho, Toppr and Unacademy, before founding his own company DriveTrain this year. The startup provides planning and monitoring software to businesses. Goel’s return to the other side is not surprising as he held top positions at startups like Freecharge and RedBus earlier.
â Anjana Sasidharan, L Catterton
After spending nearly a decade at Sequoia Capital India, Sasidharan joined private equity major L Catterton to lead their growth investments in India and South East Asia. She has been a non-executive director on the boards of Eruditus, Wingreens Farms, Medgenome, Vini Cosmetics, among others. L Catterton invests in consumer brands and manages $ 30 billion in assets
â Sanjot Malhi, Tybourne Capital
Malhi joined Tybourne Capital, a Hong Kong-based hedge fund, after spending more than half a decade with Matrix Partners India. Tybourne Capital invests in the consumer, financial, technology, media, telecommunications and industrial sectors in the Asia-Pacific region.