People Digest: Sun Capital’s joint MD Ajay Jain quits; T-Hub CEO joins SRI Capital

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Sun Capital Advisory Services Pvt Ltd’s joint managing director Ajay Jain has quit the firm to start his own venture while Jay Krishnan, the former CEO of startup incubator T-Hub, has joined early-stage venture capital firm SRI Capital as a partner.

Sun Capital’s joint MD quits to start own venture

Sun Capital Advisory Services Pvt Ltd’s joint managing director Ajay Jain has quit the firm to start his own venture, according to his LinkedIn profile.

Jain quit Sun Capital last month after serving the organisation for almost a year, where he handled transactions across sectors such as BFSI, infrastructure, consumer, real estate, hospitality, and healthcare among others. His new venture, Monal Capital Pvt Ltd, will offer services including fundraising, term loan and project finance, working capital limit, takeover and top up financing, and structured finance.

“We are arranging funds (debt and equity) and M&A across sectors & businesses such as BFSI, real estate, infrastructure, power, defence, warehousing, logistic, SEZ, pharma & healthcare, speciality chemical, agri, auto-auto ancillary, consumer, FMCG, engineering, textiles hospitality, education etc.,” he wrote on his page.

The firm has a presence in Mumbai, London & UAE, he added.

T-Hub CEO joins SRI Capital as partner

Jay Krishnan, the former CEO of startup incubator T-Hub, has joined early-stage venture capital firm SRI Capital as a partner.

Krishnan spearheaded T-Hub for more than three years before resigning in August this year. He was also the co-founder of Radifinity, an industrial IoT start-up that was acquired by the AB Group in 2010 through an asset sale.

US venture capital firm SRI Capital which has invested in over 15 startups in the past five years, had recently launched its maiden $100 million fund focused on tech opportunities in the US and India. The fund will typically invest $1 million to $3 million in a startup, with the potential to invest in future rounds to support the growth of the company.