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Vaibhav Agrawal is set to launch his own venture firm. Abhishek Nag has joined Mumbai-based 360 One (formerly IIFL Wealth & Asset Management) to lead early-stage investments. has joined Mumbai-based 360 One (formerly IIFL Wealth & Asset Management) to lead early-stage investments.
Sandeep Bapat appointed as co-chief investment officer at Singularity Growth, focusing on key sectors. His experience at Trifecta Capital, Harvard, and involvement in various investments adds value to the team amidst VC departures in India.
People familiar with the matter said the early-stage venture capital firm has sold about a 3% stake in Country Delight to Temasek-backed asset management group Seviora. The VC firm held a 21-22% stake in Country Delight prior to the partial exit.
Looking ahead, Inc42 predicts an overall YoY increase of approximately 36% in Indian startup funding for 2024.
At least 38 partners and top executives moved out of VC funds this year highlighting the churn caused by the challenges in the technology sector.