Kirthiga Reddy Joins SoftBank Vi­sion Fund

Reddy, who headed Facebook oper­a­tions in In­dia, to be fund’s first ven­ture part­ner

The Economic Times - - Companies: Pursuit Of Profit - Our Bureau

New Delhi: Facebook se­nior ex­ec­u­tive Kirthiga Reddy has joined SoftBank Vi­sion Fund as its first ven­ture part­ner, the Ja­panese tech­nol­ogy in­vestor an­nounced on Fri­day. Reddy spent six years in In­dia, hav­ing joined as the tech­nol­ogy gi­ant’s first em­ployee in the coun­try and lead­ing its oper­a­tions based in Mum­bai, be­fore mov­ing to its head­quar­ters in Menlo Park in 2016.

She will be work­ing with Deep Nishar, se­nior manag­ing part­ner at SoftBank In­vest­ment Ad­vi­sors, which over­sees the Vi­sion Fund, the world’s largest tech­nol­ogy in­vest­ment fund.

“I am ex­cited to be work­ing closely with Deep Nishar on fron­tier tech­nolo­gies — AI, ro­bot­ics, health tech, bio en­gi­neer­ing, semis, IoT, quan­tum com­put­ing, and more — that will en­able the next stage of the in­for­ma­tion rev­o­lu­tion,” Reddy wrote in a post on Facebook.

Reddy, an alum of Syra­cuse Uni­ver­sity and Stan­ford Grad­u­ate School of Busi­ness, will be based in the Vi­sion Fund’s Sil­i­con Val­ley of­fice in San Car­los. Dur­ing her stint in In­dia, she built Facebook’s global oper­a­tions cen­tre in the coun­try and also led SMB sales for South­east Asia, ac­cord­ing to her pro­file on pro­fes­sional net­work­ing plat­form LinkedIn. “We are very ex­cited to wel­come Kirthiga Reddy to the SoftBank fam­ily,” a spokesper­son for SoftBank In­vest­ment Ad­vis­ers said. “She joins us from Facebook where she built many of their crit­i­cal oper­a­tions around the world, in­clud­ing her work in In­dia and her fo­cus on emerg­ing and high-growth mar­kets like Brazil and South Africa.”

The de­vel­op­ment comes at a time when Masayoshi Son, chair­man and founder of the Toky­ohead­quar­tered strate­gic hold­ings com­pany, has spo­ken about rais­ing mul­ti­ple $100 bil­lion Vi­sion Funds, each within two-to three years.

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