Bessemer Venture Partners, among the top global venture capital firms, has announced the promotion of Subramanya S V (Subu) to Managing Director. This formalizes the leadership role Subramanya has played in the firm's Bangalore office and recognizes his contribution to BVP since he joined the firm in 2007.
"BVP's global strategy has created growth for the firm and for the innovative companies we back around the world. Key to cracking high potential markets, such as India, is the presence of strong investors on the ground," said Ed Colloton, a partner in the Menlo Park, California office where he is chairman of the firm's investment and management committees and leads the operations of the firm.
"Subu's leadership skills, knowledge of the business landscape in India, and his strong investments in consumer and technology start ups will position him to grow BVP's business in coming years."
Subramanya focuses on investments in technology and consumer businesses. He was closely involved with the firm's investments in IL&FS Transportation Networks, Palogix Infrastructure, Tulip Telecom, Anantraj Industries and Riddhi Siddhi Gluco Biols among others. Prior to joining BVP, Subramanya worked with Avendus Capital, an Indian investment bank, where he advised companies on private equity transactions and mergers and acquisitions.
Previously, he was a consultant with KPMG and started his career as a programmer with Wipro Technologies. Subramany holds a bachelor's degree in Computer Science and Engineering from Mysore University and an MBA from the Indian Institute of Management Ahmedabad.
With offices in Mumbai and Bangalore, BVP has 10 investors focused on growth and innovation opportunities in India. Since 2004, Bessemer has invested in more than 24 companies in India. With $4 billion under active management, Bessemer Venture Partners delivers a broad platform in venture capital spanning industries, geographies, and stages of company growth. From Staples to Skype, VeriSign to Yelp, LinkedIn to Pinterest, BVP has helped incubate and support companies that have anchored significant shifts in the economy. More than 100 BVP-funded companies have gone public on exchanges in North America, Europe, and Asia.
The fund also announced that it has extended Series A financing to Anunta Technology Management Services, an Application Delivery as a Service company. Founded by Ananda Mukerji, founding CEO of Firstsource Solutions and Sanjiv Dalal, ex-CTO of Firstsource Solutions and a serial entrepreneur in the technology space, Anunta focuses on application performance in virtualized environments. The financing will help Anunta build its product platform in its entirety, boost sales and marketing, and sell globally.
Mukerji and Dalal are veterans in the technology space and have pioneered the art of selling products and services in a B2B environment. Anunta already has some leading private sector banks, financial institutions and business services companies as customers. "We are excited about the potential of cloud computing and server and desktop virtualization.
SMBs and large corporates have begun to adopt new age technologies and are looking at ways to cut cost and improve application performance," said Vishal Gupta, Managing Director of BVP India.
"We are delighted to have Bessemer as an investor in the company. Bessemer has in-depth understanding of this space. Globally, they have invested in such technologies and have seen their investee companies grow into large companies," said Sanjiv Dalal, CEO and co-founder of Anunta Technologies.
"We consider their investment a validation of our business proposition and approach and expect to benefit from the expertise they bring in building high quality technology companies." BVP has demonstrated success in this space by virtue of being investors in Parallels and GFI Teamviewer.
