Lalit has 25 years of experience across key functions like Investment Banking, Transaction Advisory, Financial Planning & Analysis. His prior experiences include senior positions with leading organizations like SRF Finance, PWC, HCL Comnet, and Genpact. He is a Chartered Accountant from the ICAI and Cost Accountant from the Institute of Cost & Works accountants of India.
Ranjana, manages Office Administration at Lumis Partners and has been with the Firm since its inception in 2006. She has over 10 years of experience across various GE businesses in areas as wide as Logistics and Infrastructure, Human Resources support, Public Relations & Senior Leadership support. Ranjana has been recognized a number of times for her exemplary performance and demonstration of corporate values.
Ranjana holds a diploma in textile technology and has undergone various training sessions for corporate excellence
Rohit Bhayana is the Managing Partner and Co-Founder of Lumis. He deeply epitomizes Lumis’ philosophy – solving complex problems which are globally relevant, at scale, by leveraging India’s deep foundations in talent, technology, data, demographics, and frugal innovation.
Passionate about the intersection of fragmented value chains, communities and technology, Rohit has been in the thick of Lumis’ focus areas – Supply-chain Labs, Aging, Future of Work, and Food Security. He and the team at Lumis have been taking a ‘Build-Buy-Invest’ approach to create value with purpose in collaboration with exceptional entrepreneurs and management teams.
Rohit believes we haven’t even seen the tip of consumption of services on technology. The largest demographics are marginalized on technology, be it SMEs, Elders or Rural – and the headroom is so large that few decacorns will be built on the back of serving these segments.
Before co-founding Lumis, Rohit held the position of CEO at GE Software Solutions. His career at GE traversed multiple businesses. Prior to GE, Rohit worked with HCL Corporation, and Cadence Design Systems.
Rohit is a postgraduate from the London School of Economics and an Engineer in Computer Science from Delhi University.
An avid reader, Rohit enjoys collecting original manuscripts, travelling and running.
Elaina founded the Real Kaiten Group in 2003 and is experienced in investor relations, project finance and project management of building & clean technology projects in Asia and Africa. Elaina has served a global client base of China, Middle East and Singapore companies listed on the Singapore and Malaysia Stock Exchange, with total market capitalization exceeding S$900 million.
She is an experienced project finance practitioner and trained project manager handling contract administration, time-cost management and proficient in Building Information Modelling (BIM) construction technologies & project finance modelling.
Sneha takes up the responsibility of Investor Relations at Lumis.
At Lumis, Sneha also handles corporate communications and marketing. She has been passionately running marketing strategies and ensuring that lumis’ synergies are well with various partners in the industry.
She also contributes by diligently working closely with Lumis’ portfolio companies. Her assistance and hard work helps these companies execute their marketing and PR strategies.
Prior to her association with Lumis, Sneha was part of Zomato’s International Operations Team for 5 years, where she actively led global cross functioning teams. She has a strong experience in content management, localisation, social media marketing that she undertook across markets of US, Canada, Australia, Turkey, UAE & The Philippines. Sneha has also worked at SHEROES, as a Product Marketer, where she was an active team player and catered to the world’s largest community for women.
Sneha has a BTECH in Computer Science, and has been a motivated volunteer with AIESEC in Russia & Taiwan.
Ishpreet Gandhi started his career with Standard Chartered Bank in the SME banking division. This was followed by a term in Citibank commercial banking and thereafter, he managed MNC business for the northern region for Kotak group. He was the team leader at Yes Bank managing MNC relationships for northern operations in 2014, where he started sourcing growth-stage startups. Ishpreet managed relationships with Venture Capital funds like Omnivore, Matrix Partners, Sequoia Capital, Mayfield Advisors & Bertelsmann during his term at YES Bank and IDFC. He closed his first VC-backed transaction as a first lender to BIRA (Alcoholic beverages) in late 2015, when the company attracted Series A investment from Sequoia Capital. BIRA has a distinguished business model in terms of positioning & taste in the Indian market with an aggressive price point, high gross margin, experienced founders & strong VC investors. Due to all these factors, Ishpreet was able to convince the management of the bank for a credit call of INR 6crores, despite the company being an early stage startup. This facility was further enhanced from the bank book to INR 25cr & then to INR 50cr overtime. In terms of performance, there have been no delinquencies for the past 5 years & the company has shown tremendous progress (including an upside on valuation which currently stands at INR 2200cr)
The second company Ishpreet identified was Lendingkart, (Series A in 2016) backed by Mayfield & Bertelsmann. The company was amongst the earliest fintech companies in India. The unique business proposition included disbursing money within a TAT of 72 hours by leveraging algorithms & technology, while generating IRRs of ~28-30%. It focused on the underserved population seeking formal credit. The fact that the company had developed adequate risk parameters, was being led by strong ex- bankers & had strong investors on-board presented a great opportunity of being an early lender to the company. The proposal was presented with strong underwriting & adequate structuring to the top management of the bank and obtained an approval for INR 25cr . The company went on to raise $87M in equity in 2017 & has raised debt of ~1000 crs ever since (including venture debt from Altera capital). Current valuation of the company is INR ~6000cr denoting significant valuation upside since the time of investment by the bank.
Similar companies which Ishpreet successfully onboarded amongst startups were Leap India backed by Mayfield Advisors, Sixth Sense Ventures & TVS Capital (2016), Rivigo backed by SAIF Partners & Warburg Pincus (2018), Securens backed by Mayfield Advisors (2017), Ofbusiness backed by Matrix Partners and Norwest Venture Partners (2017). All these companies have witnessed significant increase in valuations with no delays in principal repayments or servicing of coupons.
Madhvi is an experienced Finance Planning and Analysis Manager, responsible for Financial Modelling, Business Development Plans Preparation and Tracking. She also helps portfolio start-ups to raise capital for meeting their short term and long term Capital needs and scaling them, managing the PE fund and Portfolio companies MIS, cash flow, IRR and drive operational efficiency. Madhvi aslo assists the portfolio start-ups in managing the Due diligence and Valuations for all deals. At Lumis, she is also involved in Investor relations and fund raising.
Madhvi is a Chartered Accountant, holding a degree in M.com and Certificate in Business Management from IIT Delhi.
A nature lover, Madhvi likes travelling and meeting new people. Additionally, she is an avid fan of reading books and cultural activities.
Movil Gupta is the Program manager for Supply Chain labs. He is responsible for all aspects of the Supply Chain Labs Logistics and coordination with all the stakeholders of the Program like Mentors, Investors, Corporate Partners and the Startups.
Movil graduated as a Computer Science Graduate in 2016. Movil’s past role includes Managing operations and Supply chain for the startup named Tinkerly. After that, he joined Applyifi as a project consultant for the Istart Qrate program of Rajasthan Government where he was responsible for managing the whole program. After that he joined an agritech startup called Freshokartz where he was managing the Operations and Operational analytics part for Freshokartz.
The thing about working in startups and for startups is that you have to create the processes unlike in MNCs where you have to follow the processes that are already in the system and you have the freedom to experiment unlike MNCs. And for working in Lumis and SCL, It is a great opportunity as we get to meet alot of new people on daily basis and you get to bounce of the ideas with people who are veteran’s in the field. Movil feels working with Lumis and SCL will give him a 360 degree view on how to create a startup and how you can take it to its full potential. Investor side perspective of what an Investor looks in a startup before they invest and these learnings will help him when he wants to create a venture of his own. Movil’s ultimate goal is to start a deep tech company of his own and to make it one of the biggest firm in the world. For accomplishing the ultimate goal he is also learning Data Science Concepts in his free time.
One motto Movil lives by is: IT’S NOT OVER UNTIL I WIN.
Passionate about healthcare and technology, Vibhor leads Lumis’ healthcare portfolio, and is a member of the founding team at Age Care Labs – a platform to build and invest into businesses that enable active aging for people aged 60 and above.
In his role, Vibhor looks after fundraise, expansion strategies, and M&A opportunities in senior care – aimed at improving clinical outcomes, enhancing quality of life and managing longevity risk. In his previous role at EY, he looked at mid-market M&As, disposals and fundraisings as part of the Transaction Advisory Team.
A typical nerd, Vibhor loves his books, board games and Quora. He’s an automobile enthusiast and an ardent follower of Jeremy Clarkson, James May and Richard Hammond.
He’s always keen and looks forward to meet passionate founders and thinkers in ageing science, preventive healthcare, care @ home, mental health, financial wellness and global policy in senior care.
Seasoned leader having more than 14 years of experience in managing end to end process (Fund raise, investment, portfolio management & exit). Managing Partner of Supply Chain Labs, a Fund which runs a flagship fellowship program.
Holds significant network for the benefit of the fund and its portfolio companies. He is recognized as a thought leader in the industry; have been speaking on various public forums like XIM Bhubhneshwar, Ashutosh Garg (TBCY), HSBC Supply chain event etc. Ashutosh is a visiting faculty at Indian Institute of Management, Lucknow. At Supply Chain Labs Fellowship program he has ran the process to invite 600+ participants both in 2019 and 2020
Onboarded MIT Zaragoza supply chain institute as academic partner for SCL, 30+ corporates, 15+ investors, 25+ supply chain experts, 20+ mentors as a part of the program which runs for 6 months.
Ashutosh closed 2 investments – Altizon & Flutura in Internet of Things domain in India/ US in the last 2 years and 1 investment in Awign, which is a crowd sourcing company in India which does B2B on-field work. He has also created thought leadership in the Machine Learning/ Artificial Intelligence (ML/AI) space. Previously, Ashutosh has worked at Ernst & Young where his role revolved around valuation benchmarking and business modelling for private equity and venture capital clients ; and JP Morgan where he was whipping up exotic structures around currency and interest rate swaps. Ashutosh is a mechanical engineer from IIT Kanpur and holds a management degree (M.B.A) from IIM Calcutta.
Ashutosh has been the recipient of a number of awards, including the sole recipient of global performance award at Lumis. He was also instrumental in creating Supply Chain Labs and the associated ecosystem around it with active help from Lumis Partners
When not meeting the founders of companies, Ashutosh can be found spending quality time with the family. He enjoys travelling and visiting places of historical / artistic importance
“ Supply Chain Labs has a vision to create a $2B enterprise value over this decade, and the only way it can do it is through the active guidance and support of the ecosystem of co-investors, partners, corporates, government and academia”
Prajakt has over 30 years of multi-faceted experience as an entrepreneur, professional, startup eco-system builder, mentor and angel investor. For past 17 years Prajakt has been an active participant in the startup eco-system in India.
Prajakt is the founder and CEO of Applyifi, a company that manages startup engagement programs for corporates.and Managing Partner of Supply Chain Labs by Lumis Partners, a PE Fund.
Prajakt is also driving the formation of India CXO Fund, a platform to provide seed capital for MVP/pilot-stage startups. Previously, Prajakt was head of operations at Indian Angel Network and Asia Director for The Indus Entrepreneurs (TiE). Prajakt also co-founded Orange Cross and was a founding member of Idealake Technologies.
Prajakt’s book, ‘Starting Up & Fund Raising’, helps entrepreneurs understand the perspective of investors and the building blocks of a business.
Saumyajit has been playing industry leading roles specifically in the eldercare space for over a decade now. With diverse experience spanning over 19 years across technology, real estate development, alternate assets – education & healthcare growth, and senior care, SR blends multi-industry knowledge and best of business process design. His passion for elder care and the product design construct of Emoha emerges from his personal experiences of taking care of his parents, in-laws, and years of working with elders across the country.
Saumyajit holds a B.Tech. (Urban Planning) degree from School of Planning and Architecture, Delhi (1st Rank) and an MBA (Marketing and Finance) from ISB, Hyderabad (Young Leader Awardee). Being actively involved in industry advocacy, he is currently the co-chair of the CII Task Force on Senior Care and the founding board member of the Association of Senior Living India. Saumyajit has been a founding member of the award winning Antara Senior Living, a part of the Max India group before turning into an entrepreneur.
Garima prospects new Investment opportunities; undertakes deal evaluation; structuring and closure along with existing portfolio operations.
Her experience prior to Lumis revolved around International Tax Consulting and Advisory at EY India where she consulted on regulatory matters including transfer pricing adjustments for inter-group transactions for clients like Vodafone; Rayban; Paytm; Bank of Tokyo Mitsubishi and Indigo Airlines and assisted in the negotiation of Advance Pricing Agreements (“APA”) and application of The UN Model Double Taxation Convention and Double Taxation Avoidance Agreements. Her last stint she was as an Investment Professional with a sector agnostic Boutique Investment Bank, Renous Consulting across VC Fund-raise Advisory; Buy & Sell side M&A and Private Equity Buyouts. Her academic years saw her work as an External Education Consultant with Teach for India.
Garima is a Qualified Chartered Accountant and holds a Bachelor of Business Studies degree from Shaheed Sukhdev College of Business Studies, University of Delhi. At Lumis, she looks forward to working in the trenches with enterprising startups with her sleeves rolled-up, to bring forth a dramatic groundswell of innovation and add that last-mile human touch. When not diving deep into Financial Models, she can be found practicing yoga; reading a book; listening to a tech podcast or traveling.
“As a fellowship program, the ground beneath you shifts ever so quickly, that it keeps you on your toes and humbles you all at once.“
Investment professional with combined experience of about five years in the fields of Wholesale Lending and Investment Banking. Skilled in analyzing companies, making detailed financial models and credit memorandums with understanding of Companies Act/Regulatory aspects in structuring and transaction documentation.
Enjoys working with and learning from people with diverse backgrounds and believes in collective development; effective communicator across all levels of management, both internally and externally
Priyanka is a corporate commercial lawyer with 15 years of experience, advising leading corporates and funds in domestic and cross border mergers and acquisitions, business transfers, private equity and venture capital transactions in sectors such as financial services and IT/ ITES. Priyanka also regularly advises on entry strategies, employment matters and on general corporate law aspects of doing business in India. Priyanka is currently the In House Legal Counsel and represents Lumis in it’s portfolio investments, fund raising and structuring, both in India and overseas.
Prior to Lumis, Priyanka worked with largely Tier 1 law firms such as Trilegal in Mumbai and Cyril Amarchand Mangaldas in New Delhi. Priyanka has completed a Post Graduate Diploma in Securities Law from Government Law College, Mumbai. Whilst at Trilegal, Priyanka was selected to attend the Allen & Overy corporate training university programme in London. Priyanka qualified from ILS Law College, Pune University and is enrolled with the Bar Council of Maharashtra and Goa.
Priyanka aims to be a trusted advisor and play a strategic role in domestic and cross border private equity. Priyanka likes to hold herself out at as a Grammar Nazi, classic rock enthusiast and a pedestrian traveller.
Neha Sinha is a dementia specialist and has gained international recognition for creating dementia services in India. Initial work stint of Neha was as a counselor with Sanjivini, a Delhi based non governmental organisation for Mental Health. Thereafter she joined hands with Epoch Elder Care homes as the Head of Operations and later she became the CEO of Epoch Elder Care homes. Epoch Elder Care is India’s experts in Dementia and Assisted Living for elders.
Neha has been passionate about working for the elderly and is committed to bring a difference in the field of dementia and elder care in India. Since childhood, Neha has been influenced by the elders, specially her both the grandparents (Dadu and Dida). Neha was the favourite grandchild of the family. One day her grandmother was detected with Alzheimer’s that had an indelible impact on the young mind of Neha.
Enterprising Neha has farsightedness to improve lives of people with dementia and is endowed with sensitivity and belief, grit and passion towards establishing eldercare homes that provides comfort and happiness to elders.
As is rightly said, “Culture eats strategy over breakfast”; Neha has accorded distinctive culture at Epoch homes advocating the laws of gratitude, recognition and integrity. Neha envisions creating access to global standards of elder care in India. Deep at heart her goal is to lessen the stigma associated with dementia and assisted living for elders. She spends time in educating larger set of people that dementia is a demanding condition and that one must reach out for professional care of their parents to places like Epoch homes.
The entrepreneur in Neha gets delighted when solving problems and courageously standing and voicing against stereotypes and rhetoric unpopular beliefs. Neha is trained in clinical psychology and palliative care from Stockholm (Sweden). Her interests rests in adventure sports and travelling.
Neha has featured in the Forbes 30 under 30 Asia list 2016. She is one of the 100 selected worldwide participants to be invited for Dementia Forum X, which is under the patronage of Queen Silvia of Sweden at the Royal Palace of Stockholm. In this Forum, Neha has brought focus to the dementia related challenges in India, as a developing country. Given her experience and expertise, she has written many articles, and is invited to speak at various forums on dementia and elder care.
Sandeep Sinha is the Co-Founder and Managing Partner of Lumis.
Sandeep is an operator-investor, with a clear focus on Build-Buy-Invest approach to deliver market leading returns along with building purposeful businesses.
Sandeep is committed to the world of education and work, backing innovative business models disrupting the world of education and learning; work and livelihood; inner wellness and overall development of human potential to live a fulfilled life.
At Lumis, Sandeep has set an audacious goal to build Work10M platform, an initiative focused on co-creating 10M work opportunities across India by 2030.
Sandeep is equally passionate about the world of entrepreneurship and has been working on alternate funding models to support entrepreneurs. At Lumis, Sandeep has been leading charge in building debt based solutions to support entrepreneurs allowing them to scale their business with alternate source of capital.
Over the last decade, Sandeep has worked hands-on with some of the most promising Lumis portfolio companies, including – PeopleStrong, Wheebox, Sheroes, Talentedge, Awign and Unilodgers. Sandeep is also on the investment committee of Stride Ventures, a venture debt fund backed by Lumis.
Sandeep has been an integral part of the ‘National Skills Committee’ and Co-Chair of ‘TiE Education SIG’ which is a platform that brings to the forefront discussions on the opportunities in the Education sector, the bottlenecks that entrepreneurs face and solutions and methods to overcome the same.
Prior to Lumis, Sandeep worked as the Senior Director for 3Com Technologies and was a part of the global technology leadership program at General Electric. Sandeep completed his undergraduate studies in Computer Science from the Delhi Institute of Technology followed by Master’s from the London School of Economics.
An IIT Delhi and IIM Calcutta alumnus, Abhinav has been working in the financial services industry since 2004 in large organisations like Citibank, GE Capital, ANZ and IDFC, with a focus on Credit Risk Management. He has lending experience ranging from personal loans to large institutional borrowers like RIL and Tata Group, and across industries and loan structures – trade finance, working capital lending, equipment loans, acquisition finance and project finance. He was part of the reputed Global Risk Management Leadership Program at GE Capital, and was instrumental in setting up the risk management policies and credit rating models for Commercial Banking business at IDFC after they received their banking license from RBI in 2015 and transitioned from a Project Finance lender to a Universal Bank. In his last role at IDFC, where he was Corporate Credit Head (for North and part of West), he was a Credit Approver with a delegation of up to INR 200 Cr.
At IDFC, over the last 3-4 years, Abhinav was an advocate of lending to growth stage start-us using a credit framework and regular monitoring with monthly financial covenants. This resulted in the bank lending to growth stage start-ups like B91 Beverages (Birla), RIvigo, ECom Express, Livguard, Ottomate, Nykaa, Blackbuck, Ofbusiness and others, with limit ranging from INR 10 Cr to INR 150 Cr. This portfolio has performed very well without any delay in debt servicing, and the limits have been enhanced. The credit framework used to select and structure this lending, involved selection criteria based on founder background, quality of VC backing, minimum capital raised, high revenue growth, disruptive business model, industry etc. and credit structuring by funding mainly the working capital of the company with short term revolving credit facilities with monthly checks on cash runway and end use monitoring through stock statements and bank statements.
Abhinav brings the same credit underwriting and monitoring rigour to Stride to support these companies with debt solutions. He has since refined the early framework built at IDFC to include a 20-point scale, which along with detailed due diligence of business and financials is used to structure debt facilities at Stride. The detailed Credit Appraisal Memo (CAM) prepared at Stride, while used primarily to document the investment decision, is also shared with banking partners to help startups augment their debt and lower their cost of borrowing.
Raghav’s expertise includes conducting research to develop investment thesis, sourcing and evaluating early-stage startups for investment, supporting portfolio companies with business development, strategy and fundraising, and building MIS tracking structures and financial projections. Prior to Lumis, he worked at Huddle, a sector-agnostic startup incubator as the first employee directly under the partners, where he helped in doubling the portfolio from 10 to 20 companies as the only analyst. His first job was with Cool Saver, a Swedish company which was just expanding in the country back then. Raghav firmly believes that entrepreneurs are leading indicators of disruptions and provide a glimpse of how the world will change and feels that having a small role to play in sourcing and evaluating a company that can go on to become an industry leader, large-scale job creator and wealth generator is what keeps him motivated. He has a vision of raising a venture capital fund as a general partner someday.