SRI Capital, a leading early stage VC fund focussed on US and Indian startups, has roped in CEO of Hyderabad-based startup incubator T-Hub, Jay Krishnan, as a Partner in its Indian advisory entity.
The news was announced by Sashi Reddy, founder and managing director of SRI Capital to the media at a press conference on Thursday.
Krishnan, who is an almumnus of Indian Institute of Management, Bangalore, has resigned from his position of CEO in T-Hub in April this year, citing personal reason. Krishnan is known for spearheading the emergence of T-Hub as the largest start-up incubator in India.
He was also the co-founder of Radifinity, an industrial IoT start-up that was acquired by the Aditya Birla Minacs in 2010 through an asset sale. Krishnan has also worked with Cisco and Juniper Networks in developing new product initiatives, in the enterprise and service provider space.
Commenting on his joining SRI Capital’s advisory team in India, Jay Krishnan said he was “excited by the immense untapped Unicorn potential in the Indian ecosystem that requires the specialised advise and the connects made possible by SRI Capital. SRI Capital’s and Sashi’s vision and passion reflect my personal belief and I look forward to adding a new dimension to the Indian success story”.
SRI Capital which has invested in over 15 startups in the past five years, has launched its maiden $100 million technology focused fund in July to invest in startups in US and India.
Speaking on the appointment, Sashi Reddi, founder and managing director, SRI Capital said, “Jay’s vast experience in the startup space and a proven track record as an entrepreneur makes him a clear representative of the values SRI Capital brings to the table. His understanding of the ecosystem and network both in India and globally is unparalleled.”