Lightrock appoints Samir Abhyankar partner and head of India to drive India expansion

World funding platform Lightrock has appointed Samir Abhyankar associate and Head of India, the agency mentioned in an announcement on Friday.Abhyankar joins from British Worldwide Funding and will probably be answerable for scaling up the group’s India operations right into a strategic hub for regional capital deployment and worth creation.

To this point, Lightrock-advised non-public market funding funds have deployed practically USD $1 billion into greater than forty-five Indian firms working throughout their core impression themes: Individuals, Planet, and Productiveness. Recognising that many of those purpose-led firms have outlined or disrupted their industries, Lightrock plans to increase its presence in India. This consists of opening a Mumbai office and rising its capital deployment, with a selected deal with supporting Indian companies to scale globally.

Lightrock’s portfolio in India consists of logistics specialist Porter, transport expertise firm Chalo, healthcare supplier Kauvery Hospitals, specialist lender Aye Finance, and ed-tech chief Scaler.

Samir Abhyankar joins Lightrock from BII, the place he led the Monetary Companies Group and headed Direct Personal Fairness. He has over twenty-five years of world investing expertise, having overseen investments throughout Africa and Asia exceeding USD $1 billion yearly. Abhyankar has held senior positions, together with Accomplice at TPG Rise and TPG Development, in addition to roles at Satya Capital and Citi Enterprise Capital Worldwide. He started his profession on the World Financial institution. He holds an MBA from INSEAD and a Masters from Johns Hopkins College of Superior Worldwide Research

Abhyankar succeeds Kartik Srivatsa and Vaidhehi Ravindran, who, after 5 years at Lightrock, are leaving their roles as Companions in India to pursue new alternatives.Samir Abhyankar mentioned in an announcement: “”I’m delighted to hitch Lightrock at such a pivotal second for each the agency and India. Because the world’s fastest-growing main financial system, India is among the most engaging international locations to put money into. With the institution of our new workplace in Mumbai, we’re solidifying our place in India. Lightrock goals to associate with a brand new technology of entrepreneurs by offering them with the sources and experience crucial to assist their firms scale, go world, and make a significant impression on the broader world.”Pal Erik Sjatil, Managing Accomplice & CEO of Lightrock, commented: “Samir’s management and intensive expertise will probably be instrumental in figuring out new strategic funding alternatives and constructing our presence in a crucial marketplace for Lightrock. Along with his assist, Lightrock will elevate India inside our world group as a key marketplace for capital deployment, expertise acquisition and groundbreaking improvements.”