Ghosh brings greater than 30 years of expertise throughout company and growth banking, enterprise capital. He began his profession in 1993 and spent a decade with ICICI, Reliance and Rabo India earlier than becoming a member of Sure Financial institution as group president in 2004.
“Somak brings an unlimited wealth of expertise throughout BFSI and Enterprise Capital domains. The fund will search his recommendation on governance and strategic selections. Along with his experience and mentorship, we’ll add actual worth to our portfolio firms since fintech is a core funding focus for our fund-II,” Adith Podhar, Founding Associate at Gemba Capital stated.
At Sure Financial institution, Ghosh was main the financial institution’s company and growth banking constitution and was subsequently designated as an expert co-founder. By 2012, he was managing over Rs 40,000 crore of the financial institution’s property and over 50% of the earnings. In 2013 he arrange SEBI registered Contrarian Vriddhi Fund and made seed investments in 12 startups, which incorporates Pratilipi, Progcap, Signzy, Squadstack, Minjar to call a couple of.
He additionally sits on the Funding Committee of Motilal Oswal Actual Property Fund, did his MBA from FMS (Delhi) and is an Superior Management Fellow at Harvard (USA).
“I at all times wished to contribute in direction of the event of the startup and fintech ecosystem in India. This engagement with Gemba Capital is an effort to assist the ecosystem with my experiences and learnings. I’ve recognized each Adith and Govind for a very long time and I stay up for including strategic worth to Gemba Capital and their portfolio firms,” Ghosh stated.Gemba Capital has invested in over 50 startups thus far together with the likes of Plum Insurtech, Grip Make investments, Wint Wealth, Zuper, Navadhan, Volt Cash, Click on Put up, Showroom, Strata, Kredmint to call a couple of. They just lately acquired the SEBI License for his or her second fund of $30 million by means of which they are going to spend money on seed/pre-seed stage startups throughout fintech, shopper tech and B2B Platforms.