People Digest: VT Bharadwaj quits as Sequoia India MD; Ant’s Lucy Peng steps down

VT Bharadwaj photo sourced from Sequoia website

In the latest people moves, VT Bharadwaj, managing director at Sequoia Capital India, has quit the venture capital firm after serving for about 11 years. In another development, Ant Financial executive chairman Lucy Peng is stepping down from her position to focus on Alibaba Group’s e-commerce expansion in Southeast Asia.

VT Bharadwaj quits as Sequoia India MD

VT Bharadwaj, managing director at Sequoia Capital India, has quit the venture capital firm after serving for about 11 years to pursue his entrepreneurial aspirations, he tweeted on Tuesday.

“After 11 years with @Sequoia_India, I have decided to pursue my entrepreneurial aspirations. It has been a wonderful ride and I have enjoyed every minute of it,” he announced on Twitter.

“A special part of this role has been the privilege to partner with incredible founders in consumer and healthcare. I will continue to serve on Sequoia boards. Stay tuned for what’s next,” he added.

According to his profile on Sequoia website, Bharadwaj serves as an investment advisor to 14 portfolio companies, including Celon Labs, Cloud Nine, Faces, Genesis Colours, Hector Beverages, Indigo Paints and RAW Pressery, among others.

Bharadwaj, an IIM-Ahemdabad graduate, had previously worked with McKinsey & Company as an engagement manager for six years till 2007.

Lucy Peng steps down as exec chairman of Ant Financial

Ant Financial executive chairman Lucy Peng is stepping down from her position after leading it for eight years following her appointment as chief executive of south-east Asia-focused e-commerce group Lazada.

She is being replaced by Eric Jing, chief executive of the Alibaba affiliate, who will take on the additional role of Ant Financial’s executive chairman with immediate effect.

Peng served as the Chief People Officer of Alibaba Group Holding Limited since June 2014 until April 2016. She joined Alibaba Group in 1999 as a member of founding team and previously served as its Chief People Officer, according to Bloomberg.

Peng will focus on driving Lazada’s business growth as a key part of the global strategy of Alibaba Group, Ant said in a statement.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.