Madappa joined the agency as principal and head of progress and capital improvement in 2020, and has led topline and capital progress for the portfolio on the agency. She has been deeply concerned in serving to the agency’s portfolio corporations and founders plan and obtain monetary and strategic goals together with capital raises, income acceleration, M&A, and exits.
In her earlier stint, Madappa led investments in over 25 corporations because the managing associate at The CoWrks Foundry, an early-stage enterprise accelerator. She additionally established world partnerships with Yale and Columbia College for the programme. All through her profession, she has designed and scaled merchandise, and raised capital for prime progress corporations.
Because the agency’s first director, she’s going to proceed to guide and broaden the expansion and capital vertical which she at the moment heads. The VC agency closed a complete of 51 offers in 2021 – 28 early stage (pre-seed, seed and pre-series A) and 23 progress and late stage (Sequence A and above) and 11 follow-on rounds at increased valuations from top-tier native and world VCs, PEs, and strategic buyers.
“We’re at a watershed second for entrepreneurship in India with unparalleled progress led by intentional, inclusive innovation. By no means earlier than has it been extra crucial to construct structured assist to allow founders and the broader ecosystem, and we’re decided to guide this from the entrance,” mentioned Madappa.
“Nruthya has channelled her years of technical and working expertise in direction of constructing a partnership-oriented strategy that acts as a drive multiplier and helps the exponential progress of our portfolio. Her dedication to enhancing our deep involvement mannequin has delivered tangible outcomes, whereas aligning with the agency’s core rules of intentional specialisation and an unyielding bias in direction of motion,” mentioned Pranav Pai, managing associate.
With its third early-stage fund and its fifth fund total, the agency now manages a mixed corpus of Rs. 2,300 crore ($300 million) and a portfolio of over 70+ investments throughout the early stage.
Supply: India Times