Rajesh Ranjan, the Chief Executive Officer (CEO) of Nabventures Fund, has announced his departure from the firm to start his own growth-stage fund. Nabventures Fund is known for its focus on agritech, food tech, and tech-enabled rural startups.
Who is Rajesh Ranjan?
Ranjan, an MBA from IIM Calcutta and an Economics graduate from St. Stephen’s College, University of Delhi, has a rich background in fund management, including roles at Q Investments LP, IDFC Proprietary Equity Investments, and CapAleph fund.
During his tenure, which began in 2018, Ranjan was pivotal in raising the first fund for Nabventures, amounting to Rs 598 crore.
His leadership is credited with propelling Nabventures to the forefront of the agritech, food tech, and rural tech sectors. Notably, under his guidance, the fund achieved an impressive 47% Internal Rate of Return (IRR) by September 30, 2023, marking it as the best-performing public sector VC fund in India.
Under Ranjan's stewardship, Nabventures said it invested in startups such as Vilcart, Beyond Snack, Bharat Housing Network (Homeville), Jai Kisan, Eggoz, Krishitantra, Satyukt, KB Cols, and others.
Ranjan plans to continue his journey in the entrepreneurial ecosystem by setting up his own fund. The new venture aims to support businesses at the growth stage, leveraging his extensive experience and insights gained from his tenure at Nabventures.
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