CP Gurnani, CEO and MD of Tech Mahindra and present Chairman of NASSCOM has been appointed as the Chairman (Advisory) pf Delhi-based early-stage venture capital firm Scale Ventures. Popular as ‘CP’ within his peer group, Gurnani has more than 3 decades of vast experience on table for Scale Ventures.
CP is a chemical engineer from the National Institute of Technology, Rourkela and has over 35 years of experience in the industry. He’s prior worked at Hewlett Packard Limited, Perot Systems (India) Limited and HCL Corporation Ltd, and led the merger of Tech Mahindra with Satyam.
Speaking on the appointment, Gurnani said, “I feel very excited and glad to be given this opportunity. Innovative startups and disruptive technology have together created exciting times for our country. Here at Scale Ventures, I will continue to drive greater engagement with the team and will share my industry experiences in terms of accelerating, advising and incubating startups.”
He further added, “It’s high time that we celebrate failures and highlight the experimentations done. Startup Base of India is third largest worldwide but we will still have to learn on how to highlight the spirit of starting a firm, failing and experimenting with ideas.”
CP has been chosen as the Ernst and Young ‘Entrepreneur of the Year [Manager]’, CNBC Asia’s ‘India Business Leader of the Year’, Dataquest ‘IT person of the Year’ – for the year 2013 and Business Standard ‘CEO of the Year’ 2014. Also, awarded the ‘Best CEO of the Year’ at the Forbes India Leadership Awards 2015. And recently, added to the bucket was ‘Asia One Global Indian of the Year – Technology’ 2016.
Nilesh Rathi of Rathi Group of Companies and Rahul Narvekar, ex- CEO, IndianRoots, are founders at Scale Ventures. Both the founders started the company with same mindset of not just funding the startups but giving the right kind of mentorship which is far more vital at an early stage of a startup. Rahul and Nilesh are both batch mates from IIM-Calcutta.
Scale Ventures is sector agnostic and will be investing in over 30 early stage startups by the end of the year. The investment will be between INR 30 lakhs to INR 4 Cr. With this the venture firm will be launching an accelerator program in the coming time which will be a physical campus focusing on startups in the Tier2, Tier 3, Tier 4 cities.