Early-stage venture capital firm Orios Venture Partners has hired former Snapdeal employee Siddharth Dhankhar to its team.
Anup Jain, managing partner, Orios Venture Partners, tweeted welcoming Dhankhar on board. He did not elaborate on his role. An Orios Venture Partners spokesperson also did not detail Dhankar's responsibilities.
Prior to this appointment, Dhankar was a senior associate at Catalyst, a donor-funded cashless payment partnership. Earlier, he was an associate business manager at Snapdeal, according to his LinkedIn profile.
Dhankhar is an alumnus of Birla Institute of Technology and Science, Pilani.
In February, VCCircle had reported that Orios Venture Partners had strengthened its top deck with the appointment of telecom major Reliance Jio’s former marketing head Rajeev Suri as a venture partner.
Jain himself was elevated as managing partner at Orios Venture Partners last year in June. He had joined Orios Venture Partners in October 2017 as a venture partner.
Set up by Rehan Yar Khan in 2013, Orios Venture Partners raised its maiden fund in August 2014, securing about Rs 300 crore (about $50 million).
In February 2017, VCCircle reported that the Mumbai-based venture capital firm had closed the fundraising process for its $75 million second fund -- Orios Venture Partners II.
The second fund focuses on seed and Series A investments in online consumer technology and SaaS startups, among others.
The first fund had invested in over 20 startups, including online lingerie brand Pretty Secrets, beauty appointment booking app Ziffi, on-demand home services company TaskBob, internet first daily affordable meal delivery company Yumist and budget accommodation provider Zo Rooms, in the online consumer space.
The fund also invested in enterprise productivity-software company Sapience and cloud data integration platform ZapStitch. Among Orios’ investments in 2018 were healthcare financing firm LetsMD and online pharmacy PharmEasy.