DSP Merrill Lynch's Abhay Pandey Joins Sequoia; K B Chandrasekhar On BharatMatrimony Board
Tue, 07/24/2007 - 03:13 — Sahad P VSequoia Capital India has added a new member to its investment team. It has hired Abhay Pandey, formerly head of Real Estate and Infrastructure investment banking at DSP Merrill Lynch, as an Executive Director.
With Pandey's appointment, Sequoia is likely to look at real estate and infrastructure sector in a big way. Sequoia has a $400 million private equity fund to make investments in the old economy and matured sectors like manufacturing and construction (Sequoia, along with Blue River Capital, recently funded KMC Constructions).
At ML, Pandey led capital raising for some of the largest Indian companies such as DLF's IPO and so on. Prior to ML, Pandey worked at McKinsey & Co, in Mumbai and Johannesburg.
Indian online company BharatMatrimony Group has appointed a heavy weight to its board. The company has managed to convince K B Chandrasekhar, former founder of Exodus Communications, to join as an independent director on the board. Chandrasekhar is a leading NRI entrepreneur in the US, and is currently co-founder, CEO and chairman of Jamcracker, co-founder and chairman of e4e Inc, a global technology holding company; and chairman of Aztecsoft. BharatMatrimony has investment from Yahoo and Canaan Partners.



