Ventureast is a pioneering Indian VC fund manager with close to $300 million under management. We have a rich history of investing in innovative businesses across multiple sectors, and multiple stages of a business – from seed and early to growth stages.
Guided by the singular credo “We Differentiate, You Win”, Ventureast has enabled over 60 businesses in Technology, Life Sciences and emerging sectors to become leaders in their individual spaces. The company has a proven track record of investments and exits, aided by a strong founding team which has been with Ventureast for over 15 years and who understand the entrepreneurial ecosystem well.
The Ventureast Proactive Fund, Ventureast Life Fund and Ventureast Tenet Fund II feature a wide investor base (Limited Partners) consisting of institutional investors from across the world.
Jagannath is a General Partner with Ventureast’s Life Fund, and manages VenturEast’s investments in the Healthcare and Clean-tech space, with special focus on solutions that address specific challenges in India.
Prior to joining VenturEast in 2010, Jagannath was with Advaita Energy Advisors, a PE fund focused on energy investments. At Advaita he was responsible for identifying investment opportunities in Indonesia and Australia. He was specifically involved in investing in two coal mines – one a two billion ton coal mine in Indonesia and the other a potentially 30 billion ton coal mine in Northern Australia. Earlier, Jagannath was the CFO of Naturol Bioenergy Ltd, India’s first fully integrated biodiesel plant that successfully shipped biodiesel to Europe. He was instrumental in raising $35 million from Private Equity players (including Ventureast) and banks.
Jagannath brings with him extensive experience in project finance and corporate banking gained through his 11 year stint with ICICI Bank as the zonal head of corporate banking business for the southern region. This gave him an opportunity to work with leading companies in the region for structuring financial solutions to their requirements.
Jagannath holds a Bachelor of Engineering degree from the Osmania University in Hyderabad, India, and an MBA from the Indian Institute of Management, in Lucknow, India. A self-confessed book worm who loves to explore a wide variety of books, he is also passionate about his weekend club that assists young adults to polish up their communication skills.
At Ventureast, Jagan leads the following deals
Portea (India’s largest home health company)
Ben Franklin (a eye-wear retail chain operated from Ophthalmology clinics)
Richcore (a biotech company making high end enzymes through recombinant DNA technology)
Diabetomics (A Diagnostics research firm pioneering saliva based blood glucose analysis)
Evolva (A biotech company listed on Swiss Stock exchange)
Ashish is a part of the Life Sciences investment team at Ventureast, and works closely with the portfolio companies operating in the healthcare space such as Mardil, Total Orthotics & Prosthetics and Diabetomics.
Prior to his foray into venture capital, he was a Business Development Manager at Emcure Pharmaceuticals Limited. At Emcure amongst many other deals with MNCs, he managed the landmark co-marketing and contract manufacturing deal with a prominent Biotechnology MNC in the oncology space. He was also a part of the M&A due diligence team, which was involved in the acquisition of some firms and a global oncology brand.
Prior to Emcure, Ashish was a project manager at USV Ltd.’s R&D Programme Management, where he spearheaded the collaborative development of NCEs in the diabetology space with a US based partner and the firm’s first foray into sterile injectables for the US market.
Ashish holds an MBA from Indian School of Business (ISB) where he was a ‘Young Leader’ awardee. He also holds a post graduate degree in Pharmaceutical Sciences from Bombay College of Pharmacy (BCP). His research involving the development of novel anti-malarials earned him a Gold Medal from the Association of Indian Universities (AIU) at their National Research Convention (Anveshan 2008). He is an avid reader and used to organize the Pune Book Readers’ Club prior to ISB.