Sharma was heading the enterprise arm of Prosus in India until not too long ago. As a part of the promotion, Sharma will now report back to the Dutch funding agency’s interim chief government Ervin Tu.
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An alumnus of IIT-BHU Varanasi, Sharma led the fund’s funding in Swiggy and Meesho. He’ll take a look at new investments for Prosus and work intently with portfolio companies like City Firm, Mensa Manufacturers and others.
A spokesperson for Prosus stated Sharma will lead early and growth-plus alternatives throughout India and adjoining markets. “Prosus seeks to again distinctive expertise corporations, throughout a number of sectors, whether or not by way of managed or minority investments. The present market setting offers well-capitalised corporations like ours the chance to put money into generation-defining companies,” the spokesperson stated.
Sharma joined Prosus in 2016, earlier than which he was at Norwest Enterprise Companions and Qualcomm Ventures.
Prosus–which has invested $7 billion in India–is going through one in all its greatest challenges with funding in Byju’s and is amid a authorized battle with the founding father of the corporate. Its portfolio agency Swiggy is getting ready to file for an IPO and obtained shareholders’ nod earlier this week.
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In an abrupt transfer, Bob van Djik resigned as Prosus CEO in September final 12 months after which Tu was named the interim CEO. Gautam Thakar, beforehand the CEO of Olx Autos, is head of edtech investments globally.
