IVCA elects executive Committee for 2022-24

New Delhi: The Indian Venture and Alternate Capital Association, the apex body for alternative investments in India, has elected its new executive committee for a two-year term, i.e. 2022–24.

IVCA currently has 228 members onboard including marquee domestic – alternative investment funds and global PE/VC funds, LPs, family offices and other important industry stakeholders. The not-for-profit organisation acts as a go-to body between the government, policymakers and regulators representing the PE/VC Industry.

The current strength of executive committee is 15. The association has 9 elected members and 6 co-opted members. As of now, 4 co-opted members have been elected in phase I, taking the current EC strength to 13. Karthik Reddy, Co-founder and Managing Partner, Blume Ventures and Ashley Menezes, Partner & COO, ChrysCapital have been appointed as the chairperson and vice chairperson respectively.

“Going forward, my objectives for IVCA are to help further mobilize domestic capital participation through fund of funds and other available domestic and global avenues. We intend to work closely with the government on the existing regulatory matters. The current government and policymakers have been engaging with the industry body frequently and have acted on several pressing policy matters in the past, and together we intend to create a ‘frictionless economy’,” said Karthik Reddy, chairperson, IVCA & Co-founder and managing partner, Blume Ventures, in a statement.

Outgoing IVCA Chairperson, Renuka Ramnath & Founder, MD and CEO, Multiples Alternate Asset Management stated in a statement, “With the constant engagement of IVCA and its members in the last 2 years, driven by the Executive Committee Members 2020-22, the industry body’s efforts have been recognised in the Budget 2020 & 2021 with several key notifications.”

The executive committee is focused on helping achieve the goals and objectives of IVCA, PE/VC Ecosystem at large.


Karthik Reddy, Chairperson, IVCA and Co-founder and Managing Partner, Blume Ventures

Ashley Menezes, Vice Chairperson, IVCA and Partner & COO, ChrysCapital

Amit Jain, Managing Director, Co‐Head India, Carlyle India Advisors Private Limited

Nipun Sahni, Partner, Apollo Global Management

Prashanth Prakash, Founding Partner, Accel Partners India LLP

Rajan Anandan, Managing Director, Surge & Sequoia Capital India LLP

Sandeep Naik, Managing Director, General Atlantic

Siddarth Pai, Founding Partner, Chief Financial Officer & ESG Officer, 3one4 Capital

Vineet Rai, Founder, Aavishkaar Group and Managing Partner, Aavishkaar Capital


Pratibha Jain, Head of Strategy, Everstone Group

Rema Subramanian, Co-Founder & Managing Partner, Ankur Capital

Padmaja Ruparel, Founding Partner, IAN Fund

Rochelle D’Souza, Managing Director, Lighthouse Funds

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