Tej Kapoor Steps Down as Managing Partner at IvyCap Ventures, Joins ICICI Venture

Tej Kapoor, former Managing Partner at IvyCap Ventures, has announced his transition to ICICI Venture, where he will serve as a Director/Partner.

Kapoor took to LinkedIn to reveal his new role, which will involve spearheading the private equity firm’s involvement in Series A and Series B fundraisers for growth-stage startups.

During his nearly two-year tenure at IvyCap, Kapoor held board positions in companies like Celcius Logistics Solutions, Agraga, and GradRight. With a career spanning over two decades, Kapoor has been associated with multiple VC firms.

He served as the Investment Head at dmg: information from 2013 to 2016 and later joined Chinese VC firm Fosun RZ Capital in 2016, where he contributed as a board member for startups like Kissht, ixigo, and Delhivery.

Kapoor’s move from IvyCap follows the recent announcement of the firm’s third fund closing at $251 million, pushing its total assets under management to around $600 million. Since its establishment in 2011, IvyCap Ventures, led by Vikram Gupta, has backed notable startups such as Eggoz, ZestIot, Snitch, Flexifyme, and Beatoven.ai.

Meanwhile, ICICI Ventures, backed by ICICI Bank, has demonstrated its investment prowess with over 100 investments since 2002. The firm, known for its India Advantage Fund series, has nurtured startups like Zopper, Team Lease, and India1 Payments Limited.

Kapoor’s decision to join ICICI Venture aligns with a trend of top-level exits from VC firms in India, as seen with recent departures from Venture Highway and Peak XV Partners. This move reflects the dynamism and fluidity within India’s venture capital landscape

Disclaimer: This information is covered based on the latest research and development available. However, it may not fully reflect all current aspects of the subject matter.

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