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ganesh rengaswamy

FinTech Asia 100; Co-founder/Managing Partner, Quona Capital

Ganesh Rengaswamy is a prominent figure in the fintech and venture capital industry, currently serving as a Managing Partner at Quona Capital.14 He has been a Member of the Board of Directors at Bureau, Inc. since October 2021.1

Ganesh co-founded Quona Capital in 2014, where he leads the firm's investment strategy for India and Southeast Asia.4 Quona Capital is a global venture capital firm focused on fintech investments in emerging markets.1

With nearly two decades of experience in technology, investing, and financial inclusion across India, Silicon Valley, and Asia, Ganesh has a diverse background.2 He started his career at Infosys and Visa in Silicon Valley before transitioning into venture capital.2

Some of Ganesh's notable achievements and roles include:

  1. Co-founding Travelguru.com, which was later acquired by Travelocity.24
  2. Working as a General Partner at Lok Capital and serving as Asia Director for Unitus Inc.4
  3. Leading Accion Frontier Investments' work in Asia before co-founding Quona.4
  4. Serving on the boards of several companies, including Sunday Ins Co., KoinWorks, Onsurity, JULO, Ula, and Fisdom.1

Ganesh is recognized as a thought leader in the fintech industry and frequently speaks at global events such as the Singapore Fintech Festival and Asia Investment Conference.4 His LinkedIn username is ganeshrengaswamy.3

Highlights

May 31 · linkedin

In 2021, while we had some exciting new age/digital banks in Quona portfolio across Brazil, South Africa, Indonesia, Mexico, we had none in India. While frustrating, this wasn't surprising since the overwhelming din around digi/neobanks in India (with incredulous rounds being raised) was primarily from tech companies building wrappers on incumbent banks. And understandably, this approach didn't get regulatory blessing to "be a bank".

In the midst of this, we got introduced to Shivalik Small Finance Bank in Dec of 2021 (thank you Nipun Mehra!). and what a ride it's been since then! We were impressed by the strength of their incumbent banking business. Over the next several months, we engaged with the team and came to appreciate their ambition, vision and execution to evolve into a digital and open banking platform. These included some big leaps in license (to SFB), tech, team, product, partnership and most importantly, vision and leadership of the board and senior team; and onboarding Anshul Swami as the CEO was a clincher!

In late 2022, we introduced Shivalik to a number of investor friends and Accel and Subrata Mitra were quick to grasp why we were excited. Things moved quickly from there and my Partner Varun Malhotra (along with Satvik Bhanot & Sheena Jain) led our investment in Shivalik along with Rachit Parekh.

That brings us to present time and and the latest round led by Sorin and Lightspeed India - https://lnkd.in/gcSTduKf

There is still lots to do and a long way to go. But the last couple of years have been transformative for Shivalik Small Finance Bank and we believe we all are witnessing a pioneering new bank in making!

On behalf of Quona Capital, thanks to Gaurav Mittal Harsh Mittal Anshul Swami DK Mittal for our partnership!

May 22 · linkedin

Professor Josh Lerner was on a 36 hour whirlwind trip to Singapore and I hosted him for a freewheeling chat, courtesy HBS Club of Singapore.

Prof. Lerner has been at Harvard/HBS for ~35 years - in this lifetime, the world moved from PC to AI era, and VCPE transformed from a cottage industry to institutional grade. Josh has been a key influencer in this #VCPE transformation

We covered wide ranging topics - advent of AI (again), Tech/VC crash of 2023, geopolitical clouds and de-globalisation, and the mood on campus at Harvard University & Harvard Business School a result of all this.

Next, we discussed what Josh is excited about nowadays including his new undergrad program on entrepreneurship (entering it's 4th year with 5x scale up in class size) and his latest LLM based research on 25 years worth AGM data for institutional investors.

We covered the changing paradigm of entrepreneurship and investing in the post covid era accelerated by digitisation and tokenisation of the world.

We finally wrapped up with a discussion on emerging Asia, GCC and emerging markets at large in terms of rising digitisation, entrepreneurship, capital allocators, and institutional grade private and public investors.

We were thrilled by how engaged the audience was and we ran out of time to address all questions. Let's hope we can get Prof. Lerner back sometime soon for Part 2! Thank you Josh Lerner for generously sharing your time and thoughts. Thanks so much to Margaret Wells Prashant Pundrik Jeremy Au 区汉辉 for making this happen.

Related Questions

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ganesh rengaswamy
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Location

Singapore, Singapore