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Industry moves: IDG Ventures, UpGrad, Rentomojo & Morpheus Capital

sanat rao

IDG Ventures India has appointed Sanat Rao as a venture partner, reports VCCircle. Working from Bangalore, Rao will work with IDG’s portfolio companies with respect to business development, investments and mergers & acquisitions, and evaluate new opportunities. Rao has previously worked as a visiting lecturer at Stanford Graduate School of Business, Microsoft Ventures, LetsVenture, Helion Ventures and Intel and continues to work as a partner of corporate development and mergers & acquisitions at iSPIRT. Most recently, he invested in Snapshopr, an image search platform.


anshul khandelwal

Ronnie Screwvala’s online education startup UpGrad has appointed Anshul Khandelwal as marketing head, reports VCCircle. Khandelwal will report to MD Mayank Kumar and look after the branding and positioning of the company. He previously worked as the VP of marketing at BlueStone for over 4 years. He’s also worked with 3M India, Chakpak Media, Sun Microsystems and GlobalLogic in various capacities. UpGrad was founded by Screwvala, Kumar, Ravijot Chugh and Prabhav Phalgun in March 2015.


Balu Nayar, founder of Morpheus Capital, has quit his post as MD to join NextGen Telesolutions as co-founder, reports VCCircle. NextGen was founded as a financial tech company in 2012, where Nayar will look at the business end. The report added that Nayar will retain his stake in Morpheus Capital.

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Munjal Dhamecha

Furniture and home appliances rental marketplace RentoMojo has appointed Munjal Dhamecha as its chief technology officer, reports VCCircle. Dhamecha joins the company from Grabhouse, where he was the CTO for almost 2 years, and will look at automation processes at Rentomojo. He worked with Inknowledge Inc for over a year, tech lead at MakeSense for over 1.5 years, JustDial for over 4 years. He also had stints with Mauj Telecom, Reliance Communications and Babysquare Technologies in various positions.

In November 2015, Rentomojo raised $2 million in Pre-Series A funding from IDG Ventures and Accel Partners. Venkatesh Peddi from IDG Ventures and Prashanth Prakash from Accel Partners joined the board of directors at the startup.

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