Two managing partners leave early-stage investment firm Orios; expected to start new fund

economictimes.indiatimes.com:

Orios Venture Partners (VP) on Monday had two of its managing partners, Anup Jain and Rajeev Suri, step down in back-to-back announcements on professionals networking platform LinkedIn. Jain and Suri are set out to launch a fund independently, sources in the know told ET.

“Rajeev Suri who was heading investor relations and Anup Jain who was part of the investing team have departed. Rehan Yar Khan, the founding partner, continues to head fund investments along with a nine member team,” a spokesperson from Orios VP said in a statement. The Mumbai-based firm said it will continue to look to make eight to ten investments a year.

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Jain said in his post he will be moving on to “something new and exciting soon,” adding that he believes India's golden years have begun and with the recently concluded G20 summit in New Delhi having inspired him of the potential the country has.



In a separate post, Suri said he is also “moving on to create something exciting.” Both the partners did not share any further details on the post.


The remaining nine-member team at Orios VP includes partner Sukhmani Bedi, chief operating and financial officer Gaurav Bindal and president Ashish Mishra. Khan told ETtech, that for its Fund III, Orios has hit 75% of its target of Rs 1,000 crore and expects to close the full corpus by end of the year.

The last two funds from Orios were both Rs 300 crore in