Eight Roads India adds Goldman's Bhatia as partner

Bhatia will be based in Mumbai, where she will identify new investment opportunities and advise Eight Roads' local portfolio. Her arrival is expected to expand the firm's technology, consumer and financial services expertise.

Bhatia spent four years in Goldman's New York office, first as an analyst and then as an associate focusing on the energy sector. She then moved to India, where she worked as an associate in Warburg Pincus' Mumbai office for three years before returning to Goldman in 2010, where she pursued growth investments with a focus on technology, media and telecom, internet, and consumer.

Eight Roads, formerly known as Fidelity Growth Partners, is active across several markets in Asia. The firm primarily pursues early stage and growth capital investments in companies in the consumer, financial and enterprise technology segments along with education, healthcare and biosciences.

Its India investments include non-banking finance company Northern Arc Capital (formerly IFMR Capital), in which it invested $25 million in 2016, biopharmaceuticals company PlasmaGen BioSciences, and drug maker Eywa Pharma. The firm has also backed Unbxd, an e-commerce services company founded in India and now headquartered in the US.

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