ET Startup Awards 2024 | Midas Touch: Golden exits net Arora Midas crown
best investor this year witnessed jury members prize the conviction of venture investors who not only spot business ideas early on but stay on with an entrepreneur in the long journey of building a company.
They also assigned great value to investors who took the call to exit companies at the right time, providing cash returns consistently to their sponsors.
After lengthy discussions, the jury whittled it down to Nexus Venture Partners managing director Suvir Sujan and Elevation Capital co-managing partner Mukul Arora. While Sujan, an early backer of online commerce in India with bets like Snapdeal and Delhivery, garnered appreciation for his bold wager on Zepto along with his mentorship role at the quick-commerce company, Arora’s wide portfolio firms and his ability to clock exits gained praise from the jurors.
The jury finally zeroed in on Arora for the variety of his investments, ranging from sectors such as food delivery and ecommerce to used-car sales and edtech. An alumnus of IIM-Lucknow, he has risen at Elevation Capital (formerly SAIF Partners) from being an associate to a co-managing partner over his 14-year career at the VC firm. Arora has written cheques for some of the most valuable consumer internet startups in India, including IPO-bound food- and grocery-delivery platform Swiggy, publicly listed omnichannel retailer FirstCry, edtech firm Unacademy and ecommerce platform Meesho.
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