Managing partners Anup Jain and Rajeev Suri of early-stage investment fund Orios Venture Partners (VP) have announced their departure from the firm in consecutive LinkedIn posts. Sources familiar with the matter have revealed that Jain and Suri are preparing to establish an independent fund.
Orios VP issued a statement confirming the departures, stating, “Rajeev Suri, who was responsible for investor relations, and Anup Jain, a member of the investment team, have left. Rehan Yar Khan, the founding partner, will continue to lead fund investments, supported by a team of nine members.” The Mumbai-based firm remains committed to making eight to ten investments annually.
Jain, in his LinkedIn post, hinted at embarking on “something new and exciting soon.” He expressed his belief that India’s golden era has commenced, drawing inspiration from the recently concluded G20 summit in New Delhi and the nation’s potential.
In a separate LinkedIn post, Suri mentioned his plans to create something exciting but did not provide further details.
The remaining team at Orios VP includes partner Sukhmani Bedi, Chief Operating and Financial Officer Gaurav Bindal, and President Ashish Mishra. According to Khan, Orios has secured 75% of its Rs 1,000 crore target for Fund III and anticipates completing the entire corpus by the year’s end.
Orios Venture Partners’ previous two funds were both valued at Rs 300 crore and supported companies such as online pharmacy startup PharmEasy, direct-to-consumer brand Country Delight, and GoMechanic, which faced issues related to misappropriation allegations by its founders, among others. In 2021, Orios raised an additional $30 million to back its larger portfolio companies.
