AVCJ

Sequoia India hires Deutsche Bank tech investor as MD

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Sequoia Capital has hired Piyush Gupta, the former head of technology, media and telecom (TMT) investment banking at Deutsche Bank, as a managing director in its India unit.

Gupta will head the VC firm’s strategic development team, AVCJ has learned. The team aims to create opportunities for Sequoia’s portfolio companies including business collaboration with outside firms, along with developing investment and exit opportunities for Sequoia. It is part of the GP’s portfolio services division, which provides legal, finance, recruitment and other services for investee companies.

Gupta has worked at Deutsche Bank’s Singapore office since 2005, following a stint as an associate at Morgan Stanley. He will continue to be based in Singapore, where he will join Sequoia Vice President Ben Zhang, a former principal at KKR Capstone who Sequoia added to the strategic development team in April.

Sequoia is currently investing its fifth India fund, which closed in 2016 at $920 million; in addition, it recently topped up its fourth India fund, growing the corpus to $695 million. The firm targets the technology, consumer and healthcare sectors, with a particular focus on mobile, online payment, big data, software-as-a-service, cloud computing, enterprise software and medical and lifestyle-related opportunities.

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