Gautam Mago, managing director of India’s one of the most active VC firm Sequoia Capital India, has reportedly quit after working with them for a decade. He will fade out from role in the next few months. Mago was one of the seven partners at Silicon Valley-headquartered venture capital firm's India unit, having worked there for a decade.
Mago will handover his board assignments over the next few months to team members. His future plans are however, unclear, it is expected that he will launch a new fund.
“Change is at the heart of business, its time to embrace it. Will transition away from current my role. Been a privilege to work with founders and the Sequoia team, thankful for all the learnings" Mago tweeted on Tuesday evening.
Mago was based out of Sequoia's Bengaluru office and was involved with at least 16 portfolio companies which included budget hotel player OYO Rooms, online financial products platform BankBazaar, healthcare application Practo, mobile wallet player MobiKwik and artificial intelligence startup Mad Street Den.
Prior to working with Sequoia Capital India, Mago has worked at McKinsey in India and the US. He joined Sequoia when he was just 28. He says that all areas where technology can impact or create large markets are interesting to him.
The VC firm since 2006, has been a great force backing technology giants such as Apple, Google, LinkedIn and WhatsApp—acquired Westbridge Capital Partners, an Indian venture capital firm, and renamed it to Sequoia Capital India. Since then, Sequoia Capital India has invested in more than 100 companies in the country, including high-profile startups like Ola, Zomato and Micromax.