Orios Venture Partners has promoted Rajeev Suri to the post of managing partner, within eight months of his joining the early-stage venture capital firm.
“Suri, who joined us in January as venture partner, is now managing partner,” tweeted Rehan Yar Khan, founder, Orios.
Following this promotion, Orios will have three managing partners -- Khan, Suri and Anup Jain -- and Mayur Padia as chief financial officer.
In February, VCCircle had reported that Orios had strengthened its top deck with the appointment of Suri, telecom major Jio’s former marketing head, as venture partner.
Before his stint at Jio, where he was also a senior vice-president, Suri headed the global marketing department of software services giant Infosys.
As an entrepreneur, he created a touchscreen restaurant product called Liqwid Krystal that was acquired by retail coffee chain Café Coffee Day in 2012.
Orios' decision to appoint Suri came months after it brought on board Jain as managing partner.
Set up by Khan in 2013, Orios raised its maiden fund in August 2014, securing about Rs 300 crore (about $50 million).
In February 2017, VCCircle reported that the Mumbai-based venture capital firm had closed the fundraising process for its $75 million second fund -- Orios Venture Partners II.
The second fund focuses on seed and Series A investments in online consumer technology and SaaS startups, among others.
The first fund had invested in over 20 startups, including online lingerie brand Pretty Secrets, beauty appointment booking app Ziffi, on-demand home services company TaskBob, internet-first daily affordable meal delivery company Yumist and budget accommodation provider Zo Rooms.
The fund also invested in enterprise productivity software company Sapience and cloud data integration platform ZapStitch. Among Orios’ investments in 2018 were healthcare financing firm LetsMD and online pharmacy PharmEasy.
