Rai may leave GA in Mumbai for own firm
General Atlantic's Mumbai-based Managing Director Raul R. Rai may be on the point of leaving the VC major to found his own private equity firm.
According to Indian reports, Rai may be looking to set up a mid-market fund. GA has maintained that he is still an MD with the Mumbai office, and his details remain on the GA website as one of the firm's four Indian MDs. Prior to joining GA in 2005, Rai was an MD and Global Co-Head of Software Investment Banking at UBS, having served on TMT investments from 1996 to 2000 at Goldman Sachs in New York and London, and as Corporate Strategy and Planning Director with Vodafone/Vivendi JV Vizzavi Ltd. in London until 2002.
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