After resigning as the CEO of Hyderabad-based startup incubator T-Hub, Jay Krishnan has now joined venture capitalist firm SRI Capital’s Indian entity as a Partner.
The news was disclosed by Sashi Reddy, founder and managing director of Sri Capital to the media at a press conference on Thursday.
Sri Capital is an early stage venture capital firm that invests in startups in India and the US. It has invested in over 15 startups in the past five years. Its maiden $100 million technology focused fund was launched in July to invest in startups in US and India
“The Indian startup ecosystem in its current stage is a country with over a billion people, and a billion problems that can only be solved when its greatest minds work together and build solutions that work, not just here but arguably anywhere in the world. It is with this thesis, that I really look forward to working as an investor and roll up my sleeves and help entrepreneurs help crack solutions, garner customers, achieve new markets and achieve scale. I can't think of a better partner than Sashi and a better platform than SRI Capital to embark on this,” Jay Krishnan told The News Minute confirming his appointment.
A serial entrepreneur before his two-year stint at T-Hub, Jay has over 15 years of startup and corporate experience both in India and the US. He was appointed at the CEO of T-Hub when it was set up.
“A 5000 people, 1500 startup entrepreneurs, 1150 days, 350 organizations, 50 corporates, 40 team members, 1 city, and its people later, it is time for me to move on. I am deeply thankful to the opportunity and the wonderful platform that allowed us to build what we did in such short a duration,” he said in a post on LinkedIn announcing his exit from T-Hub.
Speaking to reporters on Thursday, Sashi Reddy said that Jay’s understanding of the ecosystem and network both in India and globally is unparalleled. “Jay Krishnan’s vast experience in the start-up space and proven track record as an entrepreneur makes him a clear representative of the values SRI Capital brings to the table,” reports quote him as saying.