Hotel firm OYO’s former chief financial officer (CFO), Abhishek Gupta, has been appointed CFO of eyewear manufacturer Lenskart.
“I recently started working at Lenskart as the CFO after nine incredible years at OYO,” Gupta stated. In his October 22 LinkedIn post, Gupta thanked OYO founder Ritesh and the entire team for their friendship and trust. Mukti Hariharan, who had been CFO of Lenskart before this, left to join Coca-Cola; therefore, this news comes as no surprise.
Abhishek Gupta’s Stint as an OYO Executive
Gupta started working with OYO in June 2015. He oversaw investor relations, treasury and controllership operations, and fundraising over his nine years with the company, all of which were vital to its financial expansion.
His assistance was especially crucial when OYO handled important changes, such as getting ready for its initial public offering. In December 2023, he announced his departure after Rakesh Kumar, who had worked for the company for more than six years, was elevated to the position of group CFO.
Switching from OYO to Lenskart
According to his LinkedIn profile, Gupta formally joined Lenskart in August 2024 after departing OYO in March. Gupta’s duties at Lenskart include improving corporate governance and spearheading the company’s financial strategy.
His proficiency in financial management and long-term strategic planning will be essential as Lenskart is growing its market share. Former Lenskart CFO Mukti Hariharan departed the firm in September 2024 after guiding it through significant turning points, including a $200 million capital round in June.
Hariharan, who began working with Lenskart in April 2023, said she was proud of the high-achieving team she helped create while she was associated with the firm. She currently works as the Vice President of Finance at Coca-Cola India and Southwest Asia.
The Professional Experience and Vision of Gupta for Lenskart
Gupta has held positions at GE and Philips in addition to OYO. Gupta, an MBA graduate from the Indian School of Business and Harvard University, has continuously shown that he is a financial expert when it comes to overseeing extensive businesses.
His duties at Lenskart will be centred on long-term planning, financial management, and promoting the business’s continuous expansion in the cutthroat eyeglasses sector.
Recent Financial Status of Lenskart
Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi, the company’s co-founders, recently contributed close to USD 20 million to Lenskart. According to the corporation, it runs more than 2,500 outlets, almost 2,000 of which are in India. Nearly 60% of its revenue originates from India, with the remainder coming from other markets such as Singapore, Dubai, the US, and Southeast Asia.
Operating revenue for Lenskart increased significantly from INR 1,502 crore in FY22 to INR 3,788 crore in the fiscal year that ended in March 2023. The company was able to cut its losses by 37.3%, from INR 102 crore in FY22 to INR 64 crore in FY23, thanks to this expansion and controlled spending.
Bangalore, the silicon valley of India, is one of the most famous Indian cities for entrepreneurs. In this post, we have listed some of the most prominent angel investors in Bangalore whom you can reach out to. You will get to know about their background and the sectors they like to invest in. You can contact these angel investors in Bangalore via their LinkedIn and AngelList profile.
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Abhishek Gupta did his engineering from IIT, Varanasi in 1999. After completing engineering, Abhishek joined Oracleas an Associate Consultant. After working there for 4 years, he joined GlobalLogic. He then switched to a new company after working at GlobalLogic for almost 4 years and joined Lime Labs India as VP Technology. Later in 2011, he became the Head of Accelerator at TLabs. Now, Abhishek Gupta is the COO at TLabs and also serving as a Board member of MintM Inc. and GradeUp. Moreover, he likes to work as an angel investor for startups.
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Binny Bansal – Angel Investor in Bangalore | founder of Flipkart
One of the most famous names in the Indian entrepreneurial world, Binny Bansal started off at Sarnoff as a Software Engineer in 2005 after completing engineering from IIT, Delhi. In 2007, he switched to Amazonat the same position. However, after working there for 9 months, he along with his colleague, Sachin Bansal, came up with a new idea. They duo founded Flipkart. Binny recently left the company and co-founded another startup called Xto 10x Technologies. Binny Bansal also serves as an advisor to many companies. Binny Bansal has invested in a lot of Indian startups as an angel investor.
Phanindra Sama- Angel Investors in Bangalore & founder of redBus
Phanindra did his engineering from BITS, Pilani. He then started working as a design engineer at ST Microelectronics. After working 2 years, he joined another company called Texas Instruments at the same position. In 2006, Phanindra Sama co-founded redBus and served as the CEO for 8 years. Phanindra now serves as the Chief Innovation Officer for Government of Telangana.
Markets Interested: Mobile Consumer Internet, SaaS, Enterprise Software, Productivity Software, FinTech Investments: AdPushup, Apptimize, Kwench Global Technologies, PrettySecrets, ReTargeter
Krishna Jha – Angel Investors in Bangalore
Krishna Jha completed his education in Mumbai from St. Xavier’s College. He founded ITFinity Solutions Pvt. Ltd. in 1999. He then became the head of OnMobile and served in that capacity for almost 2 years. Krishna Jha now serves as the President of Telnet ventures.
Markets Interested: Enterprise Software, Big Data, Cloud Computing & Infrastructure, Energy Storage, PaaS, Security, SMS Databases, Developer APIs. Investments: Archer Technologies, Bira 91, Buildsupply, CloudByte, Dhama Innovations, Eband Communications
Sameer Brij Verma – Angel Investors in Bangalore
Sameer did his engineering from Illinois Institute of Technology. He started his career as an engineering intern at Spectranet. He went on to do many internships in various companies in the engineering field. Sameer then became the founder and CEO of Breakthrough Capital and now serves as the board member and investor at many companies including Zolo, Jumbotail, Hasura, Myupchar, and Unacademy.
Markets Interested: Consumer Internet, Healthcare, SaaS Investments: Must See India, Avagmah, bookadda.com, Browntape, delyver.com
Ganesh Krishnan – Angel Investors in Bangalore
Ganesh Krishnan completed his engineering from Delhi and later pursued an MBA from IIM. He served as the CEO of Bharti Airtelin 1998. Ganesh is the founder of Portea.com and TutorVista.
Aprameya Radhakrishna- Angel Investors in Bangalore
Aprameya completed his engineering from National Institute of Technology, Karnataka. He started working as Software Engineer at Infosys. But in 2006, Radhakrishna decided to study further and joined IIM for his MBA. In 2008, he began working at Jones Lang LaSalle as the head of business development. After working for 2 years, he founded TaxiForSure in 2010. He remained the director of TaxiForSure till 2015. Now, he’s more into angel investing and also founded another startup called Vokal.
Praveen completed his engineering from BITS, Pilani. He later joined IIM to do his PGDM. In the year 2000, he founded Cross-Tab Marketing Services where he serves as a Director now. In 2013, Praveen Gupta founded Tallenge Inc. and serves as the CEO.
Rajeev Krishnan is an Engineer from National Institute of Technology and later did PGDM from IIM. Before switching his career, Rajeev worked as a Technical Consultant at National Instruments. He then joined the same company and was promoted rapidly. Rajeev now serves as the Country Manager for MTSSystem Corporation. Rajeev has seed funded many startups.
After graduating from IIT, Kanpur, Amit Gupta joined HermanIndustries as a software engineer. He later went on to launch InMobias a co-founder and is now working with Yulu, the cycle rental startup.
Markets Interested: Consumer Internet, Enterprise Software, Mobile Healthcare, Fintech Industry Investments: ChartIQ, ClearFactr, EarnUp, inDinero, MPOWER Financing, Nowait
Shamir Karkal- Angel Investors in Bangalore
After completing his MBA from Carnegie Mellon University, Shamir Karkal joined McKinsey & Co. as a Management Consultant. He then did many high profile jobs before co-founding Sila in 2018.
Markets Interested: Consumer Internet, Mobile Healthcare, Small and Medium Businesses, Healthtech Investments:bigbasket.com, bluestone.com, bookadda.com, delyver.com, DocsApp
Srinivas Anumolu – Angel Investors in Bangalore
After completing his engineering from IIT Madras, Srinivas Anumolu joined IIM Calcutta to do his PGDM. After completing his studies from IIM in 1987, he went to UCLA to pursue an MBA in finance. Srinivas is the Co-founder of TutorVista and Elance (now Upwork). He also served as the director of Amazon India in 2005. All of the startups he has funded in are doing exceptionally well.
Markets Interested:Consumer Internet, Enterprise Software, Mobile Healthcare, Edtech Investments: Cheapesto, iKaaz Mobile Payments, inthree, KleverKid, LoudCell
Ananda Kallugadde – Angel Investors in Bangalore
Ananda Kallugadde completed his engineering in 1995 from National Institute of Technology. His first job was at Ernst & Young LLP. Later, he worked at a few companies before he helped co-found NeoBytes in 2006. Ananda now works as an Advisor for many companies.
Gaurav Lochan did his Masters in Computer Science from the University of Southern California. He then joined Microsoftas a Software Engineer. In 2012, Gaurav Lochan helped co-found BeetRoute. However, after one year, he joined Flipkart as an Engineering Manager. Gaurav is a Software Engineer at Facebookat present.
Markets Interested:Clean Technology, Consumer Internet, Enterprise Software, Mobile Healthcare Investments: Able Lending, Bring Me That, Instamotor, Mosaic
Nagendra Bhanuprakash – Angel Investors in Bangalore
Prior to launching Strumsoft as a co-founder, Nagendra did his MBA from Massachusetts and worked as a Program Manager at Comverse. He is now the VP of Engineering at Synchronoss Technologies.
Markets Interested: Consumer Internet, Enterprise Software, Media, Mobile Healthcare, SaaS, Impact Investing Investments: Flintobox, HackerEarth, Little Eye Labs, Pokkt
Brij Bhasin – Angel Investors in Bangalore | founder of Boost Tech
University of Minnesota is where Brij Bhasin completed his engineering and also worked as Research Engineer for 2 years. He later worked as a Product Manager at Pramata Corporation for 6 years. In 2011, Brij Bhasin launched Boost Tech. He left the company after a year and did many high profile jobs in the next 3 years. Brij Bhasin is an Angel Investor and Board Member of multiple companies.
Pradeep Reddy Kamasani – Angel Investors in Bangalore
Pradeep Reddy Kamasani has nearly 2 decades of IT, Business, Sales & Marketing experience in North America, Europe, and Asia. He has been active in the startup ecosystem since 2014. Pradeep is currently the CEO of HunterTech, an IT Services Company based in Bangalore. Pradeep is the founder of 2 startups in addition to being an Angel Investor and Advisor to Edtech, Healthcare, and Tech startups. He is an advisor to Edurev and BeYouPlus. Pradeep is helping small businesses scale to an enterprise level with his Growth Strategy, Marketing Automation, Digital, and Content Marketing Skills. He is Hubspot Inbound Marketing certified.
Markets Interested: Consumer Internet, Enterprise Software, Mobile Healthcare, Big Data, Computer Vision, Artificial Intelligence Investments: IQLECT, LensBricks, Mad Street Den, Riversilica
Abishek Surendran – Angel Investors in Bangalore
After completing his engineering from VESIT in 2004, Abishek joined Tata Consultancy Services as a security consultant where he remained for 5 years. In 2009, he went to School of Investment and Banking and switched to Intellecap as a Senior Associate. In 2013, Abishek Surendran completed his MBA from IIM and interned at an investment company. He then joined ExfinityVenture Partners as President and stayed for almost 4 years. Abishek is a Partner at pi Ventures.
Rutvik completed his engineering from IIT, Kharagpur. He joined CA Technologies as a Software Engineer straight out of college. He worked there for a long time in many positions. He then decided to pursue an MBA from INSEAD in 2006. After completing his MBA in 2007, he joined Google as a Product Manager and worked there for 3.5 years. He was the CEO of Tagge.com in 2010. He now serves as the Managing Director of Inventus Capital India.
Markets Interested: Unified Communications, Social Media, Cloud Computing, Big Data, Social CRM, Advertising Platforms, e-commerce, SaaS, B2B, Deep Information Technology, Disruptive Models Investments: TVInfo.in, Advanced Millennium Technologies, Viva-Lite, Wellness-Shop.com
Toby Ruckert – Angel Investors in Bangalore
Toby Ruckert found SysOp in 1992 and also worked as a Software Tester at IBMat the same time. After that, he became a Board Member at Viva-Lite International Ltd. where he served for 17 years. During that time, he co-found AMT in 2004. Toby Ruckert is the Board Member of many organisations and is the founder and CEO of UIB, which he launched in 2014. Along with a deep interest in business, Toby likes to play music and went to a piano school in 1997.
After doing a diploma in Business Management, Nilesh worked at Nortal as a System Analyst. He found a tech startup in 2000. He later joined Ciscoas a Software Engineer. Nilesh Trivedi did an MBA in 2012 and became an Advisor to many companies. In 2015, he founded another company called IOTLab. Nilesh is an angelinvestor for many startups.
Markets Interested: Recruitment, E-commerce, Media, Tech Industry Investments: iimjobs, Overcart, upRack, ZAPR Media Labs
Sachin Garg – Angel Investors in Bangalore
Sachin Garg is an Engineering dropout who founded his first startup in 1997. He was a Software Product Consultant at TCS, India, and Canada. In 2006, Sachin joined Yale University to do an MBA. After completing his MBA, he became a founding member of GSF Accelerator & Investments. While working on the startup, he also worked as the Product & Business head at Amazon.com. He left both the companies and founded another startup called upRack.com,an e-commerce platform. In 2013, he launched another startup called REXPROP, which was later acquired by BroEx. Sachin now works as a Product and Business Consultant for various companies.
Markets Interested: Impact Investing, CleanTech Industry, Mobile Social Recruiting, Emerging Markets, Healthtech, Information Technology, Mobile Health Investments: Babajob, EyeNetra, Kopo Kopo
Mark Straub – Angel Investors in Bangalore
After completing his education from the University of Virginia in 2004, Mark Straub joined Banc of America Securities as an Analyst. After 2 years, he joined Draper Fisher Jurvetson Growth Fund. In 2011, Mark became the Director of Khosla Impact and worked there for 7 years. In 2017, Mark Straub co-founded Smile Identity.
K. Srikrishna started his career in 1988 as a Marketing Manager at National Semiconductor Corporation after doing his Masters and Ph.D. in Engineering from University of California. He was the President and COO of Microcon in 1996. He held several high profile jobs till 2008 when he founded Zebu Group. Srikrishna was the CEO of Zebu Group and became Executive Director of National Entrepreneurship Network in 2011. In 2015, he co-founded Zebu Games and now serves as its CEO.
This was our list of Angel Investors in Bangalore. If you are an investor, connect with us at shubham@startuptalky.com to get featured in the list.
FAQs
What is meant by angel investors?
An angel investor is an individual who invests in emerging and promising startups. They provide funding for a startup in exchange for an ownership stake in the company.
Who is the founder of Indian Angel Network?
Padmaja Ruparel and Raman Roy are Co-Founders of Indian Angel Network.
How does an angel investor gets repaid?
Angel investors expect to get their money back within a fix straight schedule. The tenure ranges from 5 to 7 years with an annualized internal rate of return (“IRR”) of 20% to 40%.
Nitin Konde
