While venture capital firm Lightspeed India Partners has brought in Hemant Mohapatra as a partner, former Infosys co-chairman Ravi Venkatesan is reportedly considering joining Amazon India.
Lightspeed India appoints Hemant Mohapatra as partner
Venture capital firm Lightspeed India Partners has roped in Hemant Mohapatra, a former executive at American VC firm Andreessen Horowitz, as a partner.
“I’ll be joining the fantastic team at Lightspeed Venture Partners in their India office focusing on investing across sectors,” Mohapatra said in a LinkedIn post.
According to a Mint report, Mohapatra has been brought in to make investments in consumer internet and enterprise software startups.
With Mohapatra’s appointment, Lightspeed will now have have six senior and junior partners in India. Mohapatra, an IIT graduate, has also worked with Google as strategic partnerships and business development lead.
US-based Lightspeed Venture Partners is an early-stage venture capital firm which focuses on the enterprise and consumer sectors. It has been investing in India since 2006. In 2015, the investment firm launch its maiden India-focused fund of roughly $135 million. It has invested in 18 companies from the fund so far. It’s portfolio includes hotel aggregator OYO Rooms, edtech startup Byju’s, ShareChat, Udaan and social commerce platform LimeRoad.
Former Infosys co-chairman Venkatesan may take up senior role at Amazon India
As the battle heats up in the Indian e-commerce space, Ravi Venkatesan, the former Infosys co-chairman, is reportedly in talks to take on a senior role in Amazon‘s India business.
According to sources cited in a report in The Economic Times, the former Microsoft India head has held multiple discussions with Amazon since last year, among many other offers.
As per the sources, Venkatesan could join as either a board member, chairman or a senior advisor at Amazon India.
The report comes at a time when rumours are floating about Amazon’s current India head Amit Agarwal being considered for a bigger global role at the Seattle-based company.
Amazon is also gearing up for a more fierce battle in one of the fastest growing e-commerce markets in the world, especially with the recent mega $16 billion acquisition of local market leader Flipkart by Walmart.