Jayant Sinha has stepped down as managing director and head of India investments at Omidyar Network, the impact investment firm backed by eBay founder Pierre Omidyar and his wife Pam. An Omidyar Network spokesperson at the firm’s Mumbai offices confirmed the development toStartupCentral today. The firm is currently in the process of evaluating candidates to replace Sinha. While it is not known what Sinha’s next move will be, the exit comes at a significant time — just ahead of the country’s upcoming Lok Sabha or general elections, expected around May. Sinha, earlier with McKinsey & Co and Courage Capital Management, is also Bharatiya Janata Party (BJP) leader and former finance minister Yashwant Sinha’s eldest son. The BJP is one of several political parties that will contest the upcoming Lok Sabha polls. Is the former McKinsey executive now priming for a career in politics? Wouldn’t be surprising. Sinha joined Omidyar Network in late 2009, a couple of years after it had started investing directly in India. During his stint, Omidyar’s portfolio has grown to 35-odd companies totaling investments worth over $100 million. The investments span for-profit and non-profit ventures and include companies such as Quikr, d.light Design, EnglishHelper, Treehouse, Akshara Foundation, Teach for India and iMerit Technology Services. Recently, it also invested as a limited partner in Mumbai-based early stage venture capital firm India Quotient. Meanwhile, over at Omidyar Network, operations for India are currently being overseen by CV Madhukar and Dimple Sanghi, Director, Investments, Omidyar Network India Advisors. Incidentally, Sal Giambanco, who leads the firm’s human capital and operations functions globally…
- How many crypto exchanges registered with India’s FIU following government notification? March 21, 2023
- Why is Twitter’s move to withhold accounts amid internet shutdown in Punjab problematic? March 21, 2023
- RTI: No details on how many entities have complied with CERT-In’s cybersecurity directions March 21, 2023
- Flipkart Not Required to Take “Action” on Copyright Complaints Under Platform Regulation Rules: Delhi HC March 21, 2023
- RTI: Indian govt says registration on U-WIN “not compulsory” yet for vaccination, but is the information public? March 21, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...