Baghel explores investment possibility for C’garh
Chief Minister of Chhattisgarh Bhupesh Baghel on Wednesday met select investors, including Indians, from Bay Area in San Francisco with an aim to attract more investment in Chhattisgarh.
He had dinner with Trustee TiE Global and General Partner Monta Vista Capital Venktesh Shukla, who has roots in Chhattisgarh.
Chief Minister along with his delegation discussed investment opportunities in Chhattisgarh with TiE President B J Arun and investors including Nitin Mehta, co-Partner in GreenOaks Capital Management, one of the biggest venture funds and Raju Indukuri, who is an investor in a data center company in India that is setting-up a data center in Raipur.
TiE (The IndUS Entrepreneurs) is a Silicon Valley non-profit association dedicated to fostering entrepreneurship in the Bay Area as well as globally. It supports start-ups through networking and raising capital for new and experienced entrepreneurs. It provides technology entrepreneurs with mentoring services, networking opportunities, startup-related education, funding, and incubating.
Other investors at the informal meet were Sarvajna Dwivedi, Jag Kapoor, Sushant Patnaik, Pallav Sharma, Krishna Yarlagadda among others.
Dwivedi, who sold his innovative breathing device to Astra Zeneca for $1.2 billion, has now started a medical device company that seeks to eliminate stents for unclogging arteries.
Kapoor is a classic rag-to-riches story of Silicon Valley. He started working in the kitchen of restaurants when he first came here. Now owns a chain of grocery stores, restaurants (including Michelin 3 star Saison in SF) and a huge portfolio of real estate.
Patnaik is an active investor in India. He runs multiple companies in India that employ more than 1500 engineers in Bangalore, Pune, Ahmedabad and Hyderabad. Also set up an incubator/ accelerator in Bhubaneswar and a few other cities.
Sharma is the Senior Vice President in the biggest pharma company in the world, Johnson and Johnson.
Yarlagadda is a successful serial entrepreneur and former President of Imagination Systems (Apple uses their graphic chip in its products).
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