JSW Ventures, the corporate venturing unit for India-based steel and energy conglomerate JSW Group, has hired Sachin Tagra as a partner ahead of a first close of its second fund.
Tagra joins JSW Ventures from media house Network18 Group, where he headed its corporate venture capital subsidiary, Capital18.
Gaurav Sachdeva, managing partner at JSW Ventures, said: “Sachin has significant experience in scaling up businesses from their startup phase. This will be crucial as we build and launch a bigger fund as well as support our current portfolio companies in scaling up their businesses.”
JSW Ventures reportedly received approval for the second fund from Indian market regulator SEBI in August this year and will look to raise external capital. Its Rs 1bn ($15m) first fund in 2016 was entirely backed by the Jindal family, which owns JSW.
The unit’s portfolio so far includes mobile operating system developer Indus OS, online furnishings retailer HomeLane, LimeTray, Purplle and Overcart.
Photo of Sachin Tagra courtesy of JSW Group.
