BEENEXT strengthens leadership team to accelerate start-up support in region
Hero Choudhary is promoted to Managing Partner and Faiz Rahman is appointed as a new Partner
cityairnews
Feb 2, 2021 02:15
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BEENEXT, Singapore-based early-stage venture capital firm, today announced that it has appointed Hero Choudhary as Managing Partner. Hero’s promotion from Partner to Managing Partner is part of BEENEX’s regional plan aimed to enhance support to its portfolio and help them scale their business toward the growth stage of the start-up journey, including potential IPOs in the future. BEENEXT also appointed Faiz Rahman as its new partner for Indonesia Investments.
Since its inception in 2015, BEENEXT has invested in over 80 companies in India. In 2019, BEENEXT launched its latest early-stage focused fund with a size of US$110 Mil and using this fund, BEENEXT has invested in companies like YAP, M1xchange, BlueSky, Fleetx, Procol, Animall.in and Kitchens@ in India.
Teruhide Sato, Founder & CEO, BEENEXT says, “With new leadership having Hero as a Managing Partner, we look for more opportunities of collaboration with fellow founders, co-investors and the experts in India and across the region, and contribute to the growth of the digital economy to the Golden Age. We are committed to keep building a vibrant global community of entrepreneurs to create lasting impact and contribute to the growth of India’s start-up ecosystem.”
Hero Choudhary, Managing Partner, BEENEXT says, “India’s start-up ecosystem looks promising and is currently ripe with opportunities. I look forward to working with the team to support our founder community and help them achieve their full potential.”
