Unni, who comes with an experience of around two decades, will enhance the private equity fund's "long-term vision of offering a steadfast capital platform to upcoming entrepreneurs", TVS Capitals said.
In an interview with CNBC-TV18, Srinivasan said that its hightime now that the United States should revisit their banking regulation system and make it more aligned with the fast moving digital world.
PhonePe plans to deploy these funds to scale up its payments and insurance businesses in India, as well as to launch and aggressively scale new businesses like lending, stockbroking, ONDC-based shopping and account aggregators
The fresh capital will be used to scale product and tech functions and strengthen the leadership team.
TVS Capital has raised Rs 3,000 crore across three funds and made 30 investments across Indian companies, according to an official release.
On September 9, the government constituted a six-member expert committee to be headed by former SEBI Chairman M Damodaran to address regulatory issues and to scale up investments by VCs and PEs. Srinivasan is also a senior board member of the Indian Private Equity and Venture Capital Association (IVCA).
The fundraise is part of the company's $85 million Series C round. Vivriti Capital had raised $55 million of the total amount in March this year from existing investors Lightrock India and Creation Investments.
Supply chain SaaS provider Increff plans to use funds for setting up offices and strengthening the local teams in the US and European region, the company said
The $100 million fundraise is a mix of primary and secondary funding and will also see participation from existing investors.
Investors and industry watchers believe that the company’s platform will make it easier for enterprises to access secure loans and raise funds from the bond market. The startup raised $90 million in a Series A round led by Sequoia Capital on September 29.
As it prepares a new regulatory framework for startups and alternative investments, regulator Sebi on Thursday set up an 18-member panel headed by IT czar NR Narayana Murthy to advise on policy matters in this regard.
Reckoned for his business acumen, deep knowledge and focus Gopal Srinivsan of TVS Capital Funds sets the bar high for TVS Capital as years go by. In an interview to CNBC-TV18, Srinivasan talks about the business, investments and road ahead for the company.