Vipin Agarwal has left his position as senior director for India at Fosun RZ Capital, a corporate venturing vehicle for conglomerate Fosun International, Entrackr reported on Wednesday.
Agarwal was in the job for 20 months, during which time he led 11 early and growth-stage deals, taking board seats with nine portfolio companies including online parenting network operator Mylo and human resources software producer Kredily.
A separate report by VCCircle suggested Agarwal was looking to launch his own venture capital fund soon, though firm details of his plans have not yet emerged.
Agarwal’s departure comes as China-based Fosun RZ Capital ramps up efforts to grow its team of managing directors and analysts with a focus on the technology, media and telecommunications sectors.
Before joining the unit in January 2018, Agarwal had founded and then spent three years as chief executive of OnlineTyari, the creator of an online platform that helps jobseekers to prepare for language tests required by employers.
Fosun RZ Capital has $850m under management and focuses on companies in India, China and the US. It initially targeted series B rounds and public companies, but since June 2018 has increasingly also backed early-stage startups.
Photo of Vipin Agarwal courtesy of LinkedIn.
