Two key partners at Orios Venture Partners, Rajeev Suri and Anup Jain, have officially exited the venture capital firm, according to an announcement made on Monday. The departures were confirmed by both Suri and Jain through posts on their LinkedIn profiles.
In his LinkedIn post, Anup Jain expressed his eagerness to embark on a new and exciting journey, stating, “I move on to do something new and exciting soon. I believe India’s golden years have begun, and the recently concluded G20 Summit has inspired me immensely about the true potential we have as a country and our place in the world. More on this in the coming weeks and months as the new conversations begin now.”
Rajeev Suri also hinted at a future filled with creative endeavors, mentioning, “Creation excites, and I am moving on to create something exciting.”
The venture capital firm released an official statement confirming the departures of Rajeev Suri, who was responsible for investor relations, and Anup Jain, who was part of the investing team. The statement emphasized that the firm’s founder, Rehan Yar Khan, would continue to lead Orios Venture Partners.
The statement read, “Rajeev Suri, who was heading investor relations, and Anup Jain, who was part of the investing team, have departed. Rehan Yar Khan continues to head fund investments along with a 9-member team, including Sukhmani Bedi, Partner. Gaurav Bindal, COO & CFO, continues to head fund operations. Ashish Mishra, President, will now head investor relations. Orios will continue to look to make 8 to 10 investments a year.”
Orios Venture Partners has a track record of investing in various startups, including well-known names such as Pharmeasy, GoMechanic, Elda Health, Karbon, Kenko, and Ixigo, among others. The firm typically makes investments in the range of $50,000 to $2 million, as indicated on its website.
Earlier this year, Orios Venture Partners garnered attention when it wrote down its entire investment in GoMechanic, a move prompted by concerns that the startup’s founders had allegedly inflated sales figures and underreported costs. This development was reported by Mint in January, highlighting the challenges and risks associated with venture capital investments in the startup ecosystem.
The departures of Rajeev Suri and Anup Jain mark a significant change in leadership at Orios Venture Partners, and the firm will continue to navigate the dynamic landscape of startup investments under the stewardship of Rehan Yar Khan and the experienced team members who remain committed to its mission.
