Gautam Mago resigns as MD of Sequoia Capital India

BENGALURU: Gautam Mago, a managing director at Sequoia Capital India, has put in his papers at the venture capital firm and will transition out of the role in the next few months. Mago was one of the seven partners at Silicon Valley-headquartered venture capital firm's India unit, having worked there for a decade.

“Mago will handover his board assignments over the next few months to team members,“ said one person familiar with the development. Mago's future plans are not clear, but one source said that he may start a new fund.

“Change is at the heart of our business, time to embrace it. Will transition away from current role. Been a privilege to work with founders and the Sequoia team, thankful for all the learnings,“ Mago tweeted on Tuesday evening.

Mago was based out of Sequoia's Bengaluru office and was involved with at least 16 portfolio companies which included budget hotel player OYO Rooms, online financial products platform BankBazaar, healthcare application Practo, mobile wallet player MobiKwik and artificial intelligence startup Mad Street Den.