KUALA LUMPUR, Nov 20 -- QED Investors, a leading boutique venture capital firm has entered the Indian and Southeast Asian market, hiring Sandeep Patil to lead its investments within the region.
With the addition of Patil, QED will expand its global footprint, adding India and Southeast Asia to existing work in North America, South America and the United Kingdom.
Founded in 2007, QED Investors has invested in more than 120 companies, including 13 unicorns, and has over US$1.8 billion under management. (US$1 = RM4.089)
Notable investments include Nubank, SoFi, Credit Karma, Klarna, GreenSky, Avant, Flywire, Remitly, QuintoAndar, Creditas, ClearScore and Konfio, according to a statement.
“QED has evaluated entering the Asian continent closely and we are excited to welcome Sandeep to help us invest in the best fintech companies the market has to offer,” said QED Investors Co-Founder and Managing Partner, Nigel Morris.
QED is known for its singular focus on fintech and its more than 200 years of operator experience. Patil added significant depth in both areas and helped launch consumer and SME lending business at Flipkart and contributed to its fundraise and eventual sale to Walmart.
He was the Managing Director and Chief Executive Officer for India at Truecaller where he directed Adtech, Payments, FinTech, SME/Enterprise and Developer businesses, which doubled the company’s revenues and achieved net income profitability despite the pandemic.
Additionally, with Patil, QED has recruited Camila Key Saruhashi as a Principal based in San Francisco and Adams Conrad as a Principal in New York.
-- BERNAMA
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