NEW DELHI: Eight Roads Ventures, the global investment firm, has named Shweta Bhatia as partner for its India team, the proprietary investment arm of Fidelity International announced earlier this week.Prior to joining Eight Roads Ventures, Bhatia, who will be based in Mumbai, was with Goldman Sachs, where she was head of Asia investments for the latter’’s venture capital and growth equity teams.According to an official statement, Bhatia, who has over a decade’s experience across the technology, consumer and financial services sectors, has been tasked to identify new investment opportunities and advise the firm’s portfolio.“I am delighted to welcome Shweta to the Eight Roads India team. It’s a period of exciting growth for us. Shweta’s arrival will significantly strengthen our leadership team and broaden our technology, consumer and financial services experience as we continue to work with India and South-East Asia’s most talented business builders,” Raj Dugar, managing partner - Asia for Eight Roads Ventures, said.Bhatia, a Harvard Business School alum, who has also had a stint with global private equity firm Warburg Pincus, will join Eight Roads Ventures’ 13-member team.The investment firm has backed over 30 companies in India, across the technology, healthcare, financial services and consumer sectors. “I am excited to join this extremely talented and passionate team to build on Eight Roads’ twenty-year track record in Asia.”The announcement comes a little over a year after Kabir Narang quit the firm. Narang, a managing director of Eight Roads led its investments in technology, consumer and financial services sectors, during his nine-year tenure at the firm.He is currently partner at B Capital Group, the tech-focused, mid-to-growth-stage investment firm founded by Facebook co-founder Eduardo Saverin, having joined in March last year.

Source: Economic Times April 14, 2018 12:00 UTC