Non-profit VC firm hires Navis director for India operations
Sachindra Rudra, former director of India operations at Navis Capital, has joined Acumen Fund, a non-profit global venture firm addressing poverty across Africa and South Asia, as the new country director.
He replaces Ankur Shah, the interim country director who will maintain his existing role as head of the Education Portfolio.
"We are thrilled to have someone with such depth of experience and understanding of the local investing landscape joining our team," Jacqueline Novogratz, CEO of Acumen Fund, said in a statement. "As Acumen India continues to grow, most recently with the launch of our education portfolio, we will draw heavily on Sachin's extensive investment and operational expertise."
Rudra has over 15 years of experiences across private equity, consulting and investment operations. At Navis, he oversaw the PE firm's midsize investments and local operations in India. Prior to that, he held various senior positions at Piramal Healthcare, one of the leading pharmaceuticals companies in India.
Acumen Fund has been investing in India since 2001, opening a local office in 2006. To date, it has invested $25 million in sustainable, scalable organizations delivering affordable products and services to the country's poor.
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