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Sequoia Capital ropes in former Uber Asia-Pac Head Amit Jain as MD

Jain, who will be based in Singapore, will be part of the investment firm’s Growth team.

, ET Bureau|
Sep 30, 2019, 03.21 PM IST
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Sequoia is also in the process of raising a separate seed fund, estimated at $150-$200 million that will target early-stage startups across India and Southeast Asia, and in which Anandan is expected to play a key role.
NEW DELHI: Amit Jain, the former head of Uber Technologies’ Asia-Pacific region, has joined marquee venture capital firm Sequoia Capital as a managing director, the Menlo Park-headquartered investment firm announced on Monday.

Jain, who will be based in Singapore, will be part of Sequoia Capital’s growth investment team, according to note published by GV Ravishankar, also a managing director at the investment firm.

“Amit’s 20 years of operating experience and terrific track record of building and managing hyper growth tech businesses globally, is going to give founders of fast growing startups in our portfolio a huge advantage,” the note, which was published on a popular professional networking website, stated.

The development comes a little less than six months after Jain, an IIT Delhi and Stanford Graduate School of Business alum, quit the San Francisco-headquartered ride hailing giant after a four-year stint. He was replaced by Pierre-Dimitri Gore-Coty as Uber’s Asia Pacific head.

At the time of quitting Uber, Jain had spent about a year as the NYSE-listed company’s Asia-Pacific head, a region that included Australia, New Zealand, and North Asia, in addition to India and South Asia. Prior to that, Jain had spent three years as president of Uber’s India and South Asia regions.

“Over the last decade, we have continued to build a world-class team of investment advisors and company builders across India and Singapore. Amit’s addition is yet another win for founders in India & SEA and we are thrilled to have him join the Sequoia India family,” the note further stated. .

Sequoia India is one of the largest and most active investment firms in India, with an estimate $4.5 billion in assets under management. Jain’s appointment is the latest high-profile announcement by the investment firm, which had roped in Rajan Anandan, formerly the head of India and Southeast Asia for Google, in April earlier this year, to lead its much-vaunted Surge programme.

Sequoia is also in the process of raising a separate seed fund, estimated at $150-$200 million that will target early-stage startups across India and Southeast Asia, and in which Anandan is expected to play a key role.

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