Jay Krishnan, the former chief executive of Hyderabad-based startup incubator T-Hub, has joined early-stage venture capital firm SRI Capital as a partner.
SRI Capital’s website lists Krishnan as a member of its India advisory team.
Krishnan led T-Hub for more than three years before resigning in August this year .
T-Hub is a public-private partnership between the government of Telangana and three premier academic institutes including the Indian School of Business.
Krishnan has previously held positions at The Minacs Group, Juniper Networks, Cisco Systems and Radifinity Information Systems.
He holds an engineering degree from RV College of Engineering in Bengaluru as well as a MS (Master of Science) in electrical engineering from the University of Hartford, Connecticut.
SRI Capital mainly invests in enterprise and consumer technology companies.
In July, the firm had marked the first close of its debut venture capital fund at $40 million (Rs 274 crore) to invest in early-stage technology startups in India and the US.
A US-registered fund, SRI Capital Fund-I has a target corpus of $100 million (Rs 685 crore) and will make one-third of its investments in India and the remaining in the US.
The fund typically invests $1-3 million in a startup at the pre-Series A level. However, it also aims to make four to five investments of $5-6 million at the Series A stage.
Last month, SRI Capital had invested $1 million (Rs 7 crore) in New York-based Fakespot, a data analytics platform that spots fake online product reviews.
The fund’s previous investments include LetsMD, a fintech startup catering to the healthcare sector; Sports Flashes, which operates a sports content app; and IndianMoney, a financial education company.
Founded in 2012, SRI Capital had been investing through the family office of Sashi Reddi until last year in India and the US. The family office made over 30 bets since 2012. Reddi is the founder and managing partner of SRI Capital.
Some of its major investments that went on to raise larger funding rounds include over-the-top (OTT) video platform YuppTV, which raised $50 million from KKR-backed Emerald Media; and budget hotel aggregator FabHotels, which raised $25 million in a Series B round led by Goldman Sachs Investment Partners last year.
