Sequoia MD Sandeep Singhal Joins eClerx Board | VCCircle
Join us : Twitter Facebook Linkedin Youtube

Search form

Home >> People >>
print icon

Sequoia MD Sandeep Singhal Joins eClerx Board

BY  TEAM VCC
With approx 10% holding, Sequoia is the largest institutional shareholder in the firm.

Sandeep Singhal, managing director of venture and growth capital investor Sequoia Capital India, has joined the board of data analytics firm eClerx Services Ltd. With approx 10% holding, Sequoia is the largest institutional shareholder  in the firm. 

Sequoia Capital has picked up 6.8% stake in eClerx from Virgin Islands-based investment firm Burwood Ventures last year. The stake was bought in an open market transaction for around Rs 43 crore. Later, in March this year, it picked up an additional 2.9% stake in the company that totals 9.7% stake. 

eClerx provides data analytics and customised process solutions to global enterprise clients from its offshore delivery centers in India. It also provides services to financial clients for brokers, dealers and hedge funds including accounting, reconciliation, confirmation, risk analysis and reporting. It claims to be the first public company in the KPO space.

PD Mundhra, executive director, eClerx, said, in a statement, “Sandeep’s rich expertise across the consulting and marketing domains, and his great experience with businesses in the US-India corridor will add a new dimension to the board’s discussions.”

Singal, on the other hand, said, “The offshore KPO services industry presents a huge opportunity for Indian players and eClerx is uniquely poised to capitalise on it. We are excited to back the management team of eClerx as they continue to deliver high value solutions to leading enterprise customers across the globe.” 

Sequoia Capital currently has around $1.8 billion under management. Some of its portfolio companies in India include Café Coffee Day, Comviva, Dr Lal Pathlabs, Edelweiss, Firstsource, GVK Biosciences, Idea Cellular, Just Dial, Shaadi.com and SKS Microfinance.

Post new Comment

Filtered HTML

  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.

Full HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

Plain text

  • Web page addresses and e-mail addresses turn into links automatically.
Image CAPTCHA
Enter the characters shown in the image.

Upcoming Events

chinetwork

Copyright © 2014 VCCircle.com.
A property of Mosaic Media Ventures Pvt Ltd.