IVCA Announces New VC Council, Appoints Rajan Anandan As Chair

The eight members constituting the new VC council also include Manish Khetarpal, WaterBridge Ventures; Priyanka Chopra, Bharat Innovation Fund; Ruchi Khajanchi, A91 Partners; Sehraj Singh, Prosus Ventures; Anil Joshi, Unicorn India Ventures and Sameer Brij Verma, Nexus Venture Partners

The apex industry body for alternative assets - the Indian Venture & Alternate Capital Association (IVCA), today introduced a new VC Council for 2022-24. The council will be chaired by Rajan Anandan, Managing Director, Sequoia India & Southeast Asia and Surge and co-chaired by Rahul Khanna, Co-Founder and Managing Partner, Trifecta Capital. The formation of this council is one of the many initiatives of IVCA to strengthen governance practices for VCs and start-ups while continuing working with the government and its various agencies to improve the environment for venture capital in India.

The council functions as a permanent sub-committee under the aegis of IVCA Executive Committee. The new VC Council aims to continue driving government engagement by advocating for policies that encourage innovation which contributes to capital creation, nation building and knowledge dissemination. These elements work in tandem to offer governance and advocacy support to strengthen the ecosystem by supporting young and first-time fund managers - all the while working with a gender agnostic approach to further the cause of diversity and inclusion in the Indian VC community.

“The startup ecosystem and the venture capital industry in India are entering a new phase. India is already the third largest startup ecosystem in the world and has become a preferred destination for investors from around the world. Our mandate as the VC council is to ensure that we continue to build on these strong foundations while addressing a range of areas such as attracting more domestic capital, improving governance, and encouraging new funds in emerging sectors. As we do this, we look forward to collaborating with all venture capital firms in the industry and our progressive policy makers in the government to take our ecosystem to new heights.” Rajan Anandan, MD, Sequoia India & Southeast Asia and Surge & Chair, VC Council, IVCA.

The previous VC Council led delegations for virtual meetings with government entities such as the Ministry of Commerce and Industries, DPIIT, SIDBI, IRDAI, MoLE, LIC, among others. It was at the forefront of spearheading startup and VC events, webinars and knowledge workshops. The new VC Council in the present term is committed to help organize platforms for engagement for VCs with the Ministry of Finance, Ministry of Commerce and Industries, DPIIT and other policy lead on issues that boost more capital induction into startups and VC funds as well as fast track exits by enabling ease of doing business for the VC industry.

“It’s a privilege to co-lead the VC Council of the IVCA. The supply of capital from venture investors as well as the continued improvement on the policy and regulatory front have helped boost India's start-up ecosystem. My aim in the new role will be to support the maturing of this asset class by providing access to best practices in capital formation, portfolio management, governance and reporting. This should particularly benefit my peers in the venture capital community especially, the emerging local managers who are helping fund growth and innovation in the Indian economy,” said Rahul Khanna, Co-Founder and Managing Partner, Trifecta Capital and Co-Chair, VC Council, IVCA.

The eight members constituting the new VC council also include Manish Khetarpal (WaterBridge Ventures), Priyanka Chopra (Bharat Innovation Fund), Ruchi Khajanchi (A91 Partners), Sehraj Singh (Prosus Ventures), Anil Joshi (Unicorn India Ventures) and Sameer Brij Verma (Nexus Venture Partners). The council envisages to engage more than 120 VC Member Funds of IVCA and engage with other domestic and global funds at large to work on important industry initiatives and issues.

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