A person often called Amit Jain clerks for Supreme Courtroom Justice Sonia Sotomayor. As a Yale pupil, Jain blasted Yale for supporting Brett Kavanaugh’s nomination. Jain was quoted in a 2017 Politico piece by Josh Gerstein. At present, Gerstein revealed the draft SCOTUS opinion on Roe.
Amit Jain of Sequoia Capital India will step down as CEO to pursue entrepreneurship, the blue-chip enterprise capital company confirmed in a sequence of tweets on the microblogging site Twitter on Wednesday.
Jain joined Sequoia Capital India in 2019 from world taxi agency Uber as part of the growth-stage enterprise capital company’s funding enterprise, based in Singapore.
A graduate of the Indian Institute of Expertise, Delhi and Stanford College, Jain will proceed to operate Sequoia India’s Entrepreneur-in-Residence whereas rising plans for his new enterprise.
“Amit joined us from Uber in 2019 and brings a world-class operator perspective to our investment team. He has contributed amazingly to so many startups, leading or co-leading growth rounds and delivering an impressive track record at scale Larger company boards,” Sequoia India said in an announcement on Twitter.
“Amit is creating a startup with huge potential and belongs to an exciting field. He will be with us as an entrepreneur in residence for some time while he lays out the blueprint for his ambitious new ideas. We will miss He, but couldn’t be more excited about what’s coming,” the enterprise capital company added.
Our custom could also be very entrepreneurial, making @Sequoia_India fertile ground for future founders of the entire enterprise.
Earlier than changing into a member of Sequoia, Jain was head of Asia Pacific at Uber. He can be president of Hire.com, a Los Angeles-based residence classifieds site, and has labored at TPG Capital and McKinsey & Firm. Information of Jain’s ouster comes as Sequoia India is in talks to elevate a $2.8 billion fund to increase its enterprise capital investments in India and Southeast Asia.
Over the earlier yr, Sequoia Capital India has promoted 5 of its senior executives to managing directors to extend its administration. Ashish Agarwal and Harshjit Sethi from the fund’s enterprise capital group and Tejeshwi Sharma, Ishaan Mittal and Sakshi Chopra from the growth group have been promoted to the MD diploma.
In July 2020, the worldwide enterprise capital company said it had secured an entire of $1.35 billion in commitments for two new funds centered on India and Southeast Asia. That incorporates an $825 million fund centered on investing in growth-stage companies.
Sequoia India CEO Shailendra Singh tweeted that he was wanting forward to a much-needed reply throughout the startup funding ambiance and happily talks are refocusing on earnings, product, unit economics and monetary financial savings.
In response to Sequoia’s assertion, Jain said: “When you work with super startup teams and founders, it’s hard not to find bugs! I look forward to launching my own startup in the next few weeks.”
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