Puneet Kumar, Managing Director at Steadview Capital, is transferring on after a six-year stint on the world technology-focused hedge fund for entrepreneurial aspirations, YourStory has learnt.
The company confirmed the occasion and talked about, “Puneet joined Steadview in July 2019. He has been a core part of our funding workers and has carried out an important operate in our personal investments in India. Puneet is trying to find an opportunity to deal with his private personal funding approach, which isn’t one factor we are going to present him proper now. We’re grateful for Puneet’s contributions to the Company and wait for remaining shut mates ultimately.”
Steadview Capital could be searching for to develop its workers and add two senior professionals to its India workers based totally out of Mumbai, the company talked about. The enterprise capital company has roughly doubled its world funding workers inside the last three years, all through the US and India.
Steadview Capital could be elevating a worldwide enterprise capital fund, half of which shall be centered on India. Presently, over 60% of the company’s belongings beneath administration are in India, having backed corporations like foodtech important Zomato, omnichannel magnificence retailer Nykaa, and recently-listed home corporations company Metropolis Agency.
In response to the company, it expects its India VC investments over the following 5 years to be double as compared with the ultimate 5 years.
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Moreover Study
Ethereal Machines raises $13M in Sequence A funding from Peak XV, Steadview Capital
Over the past one to 2 years, Steadview has made a variety of personal investments in Indian companies all through Sequence A to Sequence C funding rounds, along with in Aequs, Atomberg, Ultrahuman, Ethereal Machines, and Mayhem, amongst others.
Most simply currently, the company co-led a $15 million Sequence B funding spherical in Pune-based sport enchancment studio SuperGaming and as well as participated in Bengaluru-based Unimech Aerospace’s Rs 250 crore funding spherical in July this yr.
Steadview’s investments span fully totally different funding phases, from early-stage to growth-stage, along with pre-IPO and IPO investments in Indian tech companies, along with Bluestone, Ixigo, BlackBuck, and FirstCry, amongst others.
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