After CEO & Deputy CEO, Innoven Capital Director Also Calls it Quits
Bengaluru: Anshu Prasher, director at venture-debt provider Innoven Capital India, has quit the firm to join Saama Capital as its principal. His exit is the latest in a series of high-level resignations –– Innoven Capital’s India CEO Hattangdi and deputy CEO Vinod Murali had left the platform earlier this year to start their own firm, called Alteria Capital.
Singapore’s sovereign wealth fund Temasek had appointed Chin Chao, CEO of InnoVen Singapore and Southeast Asia, as interim CEO for India while it continues to look for an India head. The current corpus of the Bengaluru and Silicon Valley-based firm is about $140 million (about .₹ 935 crore).
Prasher is expected to join Saama, which has backed companies like Paytm and Snapdeal, by August-end, confirmed a company spokesperson. He will join the team of Saama Capital which includes co-founders and managing partners Ash Lilani and Suresh Shanmugham, along with partner Kiranbir Nag. Prasher, who holds an MBA from IIM-Lucknow, joined Innoven in 2013 after working at Kotak Mahindra and Citi India. Saama’s team expansion comes after the firm closed its third fund at $58 million, or about .₹ 390 crore, earlier this year.