Managing Partners Anup Jain, Rajeev Suri resign from Orios Venture Partners

Orios Venture Partners: Anup Jain and Rajeev Suri, the Managing Partners of Orios Venture Partners, announced their departure from the venture capital (VC) firm on September 18, marking another high-profile exit in the recent past. Both shared the update on their respective LinkedIn profiles, expressing their eagerness to embark on a new entrepreneurial journey.

Anup Jain, who initially joined Orios Venture Partners in 2017 after being an angel investor, assumed the role of Managing Partner in June 2018. During his tenure, he led 12 early-stage and four growth-stage investments for the VC firm. 

In his LinkedIn post, Anup Jain said, “I move on to do something new and exciting soon. I believe India's golden years have begun and, the recently concluded G20 Summit has inspired me immensely of the true potential we have as a country and our place in the world.”

Adding that he would be sharing more details on his next endeavours over the coming weeks and months, Jain said, “This is to take a moment to thank and offer my best wishes to folio founders, co-investors and indeed, the past and present team at Orios Venture Partners and many others from around the world who continue to influence my growth one way or another.” 

On the other hand, Rajeev Suri, a former marketing professional with a background at companies like Infosys and Jio, became a Managing Partner at Orios in January 2019. He was responsible for investments, fundraising, and investor relations. In his departure announcement, Suri said, “Creation excites, and I am moving on to create something exciting. It has been a tremendous journey of five years. Thank you so much, folio Founders, and Team Orios.”

Orios Venture Partners officially confirmed the departures of Rajeev Suri and Anup Jain.

Orios Venture Partners, known for its focus on early and growth-stage investments, has invested in more than 80 companies, the majority of which are based in India. The firm boasts a portfolio that includes four unicorns, which include Vedantu, Pharmeasy, Ola, and Druva Software. Earlier this year, the VC reportedly wrote down its investment in the troubled startup GoMechanic, which was later acquired by auto component maker LifeLong Group.

Rehan Yar Khan will continue to be in charge of fund investments, supported by a nine-member team, including Sukhmani Bedi as a Partner. Meanwhile, COO and CFO Gaurav Bindal will continue to lead fund operations, while Ashish Mishra will assume the role of heading investor relations. The VC firm also affirmed its commitment to making eight to 10 investments annually, the statement said.

Suri and Jain's departures are part of a trend of notable exits from VC firms. Earlier on Monday, Bob van Dijk, CEO of Naspers and Prosus, also stepped down from his position. Earlier this month, Brij Bhasin, a senior executive at Rebright Partners, left to start his own artificial intelligence (AI) startup. 

In March, Avinash Raghava, formerly of Girish Mathrubootham-led Together Fund, resigned to become CEO of SaaSBoomi. 

Last year in February, Amit Jain, the Managing Director of Sequoia Capital India (now Peak XV Partners), left to embark on his new venture.