Industry veteran Radhesh Kanumury is to launch Suvan Ventures, a new venture fund focused on early stage B2B Indian cross-border SaaS companies (those which sell into global markets like US and Europe but have development/ customer success/ marketing teams in India).
The fund size is expected to be $10-15m, making 20-25 investments.
Mumbai, India-based Suvan Ventures will identify and invest in companies early in their lifecycle and help them scale by providing mentoring, as well as invaluable connections to investors, partners, subject matter experts, system integrators and potential customers.
Radhesh has been founding member and Managing Partner of Arka Venture Labs (built from scratch with 3 Anchor investors namely Blume, BGV and Emergent Venture s), a venture fund that pioneered this category till December last year.Arka Venture Labs, started in August 2018, has made 27 investments before the beginning of the year, out of which there are 4 exits already. 9 of the investments have received up rounds of financing from Marquee investors like B Capital, Lightspeed, Nexus, Matrix ventures, Sequoia Surge, Uncorrelated Ventures, Facebook, etc.
Radhesh will continue to lead some of the investments from Arka Venture Labs post January this year. Arka will continue to back pre seed and seed stage entrepreneurs building India US cross border startups.
Before Arka Venture Labs, he had an 18 year stint with IBM with roles across technology, sales, and business development. During his final 3.5 years there he led IBM India’s startup initiative working exclusively with B2B startups, providing mentoring and connections to the right set of people in the ecosystems, enabling them to successfully and rapidly scale.
FinSMEs
04/03/2022