NVP appoints Niren Shah as MD India
Norwest Venture Partners announced appointment of Niren Shah as the Managing Director for its Indian operations.
By PTI |
NEW DELHI: Technology venture capital firm Norwest Venture Partners (NVP) on Monday announced appointment of Niren Shah as the Managing Director for its Indian operations. Based in Mumbai, he will focus on local investments in consumer internet, digital media, next-generation services and mobile sectors.
Shah will bring 14 years of operational, finance, investment banking and entrepreneurial experience from companies like eBay, Baazee and KPMG, the company said in a statement.
"The Indian market continues to show great potential and in next several months, NVP India will aggressively hire senior investment professionals and invest in new high calibre to capitalise on this growth," NVP Managing Partner Pramod Haque said.
He said the company has already made direct investments in Adventy, Mobile2Win, Persistent Systems and Yatra. It has more than 20 'hybrid' or 'cross-border' portfolio companies.
Shah will bring 14 years of operational, finance, investment banking and entrepreneurial experience from companies like eBay, Baazee and KPMG, the company said in a statement.
"The Indian market continues to show great potential and in next several months, NVP India will aggressively hire senior investment professionals and invest in new high calibre to capitalise on this growth," NVP Managing Partner Pramod Haque said.
He said the company has already made direct investments in Adventy, Mobile2Win, Persistent Systems and Yatra. It has more than 20 'hybrid' or 'cross-border' portfolio companies.
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