Gemba Capital, a micro VC fund has roped in Somak Ghosh, a banking and investment management expert in its advisory board.
Ghosh brings more than 30 years of experience across corporate and development banking, venture capital. He started his career in 1993 and spent a decade with ICICI, Reliance and Rabo India before joining Yes Bank as group president in 2004.
“Somak brings a vast wealth of experience across BFSI and Venture Capital domains. The fund will seek his advice on governance and strategic decisions. With his expertise and mentorship, we will add real value to our portfolio companies since fintech is a core investment focus for our fund-II," Adith Podhar, Founding Partner at Gemba Capital said.
At Yes Bank, Ghosh was leading the bank’s corporate and development banking charter and was subsequently designated as a professional co-founder. By 2012, he was managing over Rs 40,000 crore of the bank’s assets and over 50% of the profits. In 2013 he set up SEBI registered Contrarian Vriddhi Fund and made seed investments in 12 startups, which includes Pratilipi, Progcap, Signzy, Squadstack, Minjar to name a few.
He also sits on the Investment Committee of Motilal Oswal Real Estate Fund, did his MBA from FMS (Delhi) and is an Advanced Leadership Fellow at Harvard (USA).
“I always wanted to contribute towards the development of the startup and fintech ecosystem in India. This engagement with Gemba Capital is an effort to help the ecosystem with my experiences and learnings. I have known both Adith and Govind for a long time and I look forward to adding strategic value to Gemba Capital and their portfolio companies," Ghosh said.
Gemba Capital has invested in over 50 startups so far including the likes of Plum Insurtech, Grip Invest, Wint Wealth, Zuper, Navadhan, Volt Money, Click Post, Showroom, Strata, Kredmint to name a few. They recently received the SEBI License for their second fund of $30 million through which they will invest in seed/pre-seed stage startups across fintech, consumer tech and B2B Platforms.
Ghosh brings more than 30 years of experience across corporate and development banking, venture capital. He started his career in 1993 and spent a decade with ICICI, Reliance and Rabo India before joining Yes Bank as group president in 2004.
“Somak brings a vast wealth of experience across BFSI and Venture Capital domains. The fund will seek his advice on governance and strategic decisions. With his expertise and mentorship, we will add real value to our portfolio companies since fintech is a core investment focus for our fund-II," Adith Podhar, Founding Partner at Gemba Capital said.
At Yes Bank, Ghosh was leading the bank’s corporate and development banking charter and was subsequently designated as a professional co-founder. By 2012, he was managing over Rs 40,000 crore of the bank’s assets and over 50% of the profits. In 2013 he set up SEBI registered Contrarian Vriddhi Fund and made seed investments in 12 startups, which includes Pratilipi, Progcap, Signzy, Squadstack, Minjar to name a few.
He also sits on the Investment Committee of Motilal Oswal Real Estate Fund, did his MBA from FMS (Delhi) and is an Advanced Leadership Fellow at Harvard (USA).
“I always wanted to contribute towards the development of the startup and fintech ecosystem in India. This engagement with Gemba Capital is an effort to help the ecosystem with my experiences and learnings. I have known both Adith and Govind for a long time and I look forward to adding strategic value to Gemba Capital and their portfolio companies," Ghosh said.
Gemba Capital has invested in over 50 startups so far including the likes of Plum Insurtech, Grip Invest, Wint Wealth, Zuper, Navadhan, Volt Money, Click Post, Showroom, Strata, Kredmint to name a few. They recently received the SEBI License for their second fund of $30 million through which they will invest in seed/pre-seed stage startups across fintech, consumer tech and B2B Platforms.
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