Growth Funding for Startups : Going Beyond Series A


ForStartups is an initiative of NSRCEL@IIMB

Growth Funding for Startups : Going Beyond Series A

Saturday, March 04, 2017 @ IIMB


Prof. Sabarinathan G

Prof. Sabarinathan G is an Associate Professor in the Finance and Control area at IIM Bangalore. Prior to his joining IIM Bangalore, he was a Director on the Board of the Indian subsidiary of CDC Capital Partners, now known as Actis, and has served as Director on the boards of over thirty-five companies and early-stage technology businesses. He is also a member of the Investment Committee of the KITVEN Fund.


He has a PhD from the National Law School of India University, a Post Graduate Diploma in Management from IIM Bangalore, and a BSc in Chemistry from Loyola College, Madras University.


Padmaja Ruparel
Padmaja Ruparel is nationally recognized as a key player in the Indian entrepreneurial ecosystem and has helped co found many of the relevant

institutions, besides being an active Angel investor herself. Her operating experience spans large corporates, M&A, and startups/early stage companies.

She is Co Founder & President of Indian Angel Network (IAN), India’s first and now possibly one of the world’s largest group of business angels, comprising the who’s who of successful entrepreneurs and dynamic CEOs from India and overseas. She built IAN from inception, making it within 10 years a unique institution globally, with over 425 investors across 10 countries and a portfolio of 100+ companies in 7 countries, spanning 17 sectors. She has operationalised IAN’s international operations in London – making it the only angel group in the world to set up operations outside of its home country. She has also established a unique model of an incubator, in partnership with the Indian Government, which leverages 400 mentors to provide mentoring & domain expertise to around 50 young fledgling incubatee companies.

She is a member of the Governing Council of EM3 Services, a nation building venture seeking to create a paradigm shift in the Indian agricultural sector by improving productivity. She helped the company raise funds from an international Venture Capital fund and is actively involved in its strategy and growth. She is a Non Executive Director on the board of Omaxe Ltd, India’s leading real estate development companies with a footprint across 9 States & 30 cities in India, having delivered more than 90 million sq. ft. and with a topline of over Rs. 1800 crores.

Padmaja is widely recognized for her significant contribution to the Indian entrepreneurial ecosystem. Apart from cofounding IAN, she also set up and operationalised the Delhi chapter of The Indus Entrepreneurs (TIE) the world’s largest organization focused on entrepreneurship with 15,000 members in 60 chapters across 14 countries. TiE Delhi has been ranked as the Number One chapter globally for the last 4 consecutive years. She played a key role as Executive Director in building the Indian Venture Capital Association, India’s oldest and largest association of VC and PE firms. In addition she helped the creation of Lankan Angel Network in Sri Lanka. She contributed actively in the Planning Commission’s Committee on “Angel & Early Stage Investing in India” which resulted in a seminal report: “Creating a Vibrant Entrepreneurial Eco system in India”. She is on the Committee of Telecom Centre of Excellence, Selection Committee of MSME and is actively engaged with the various committees of Ministry of Finance, SEBI, etc.

In her corporate avatar at Xansa India, (Xansa was a US$800mn company listed on LSE before being acquired by Steria), she led several functions over a 16 year period : handled recruitment operations, built and successfully executed an innovative brand and communication strategy and led the corporate social responsibility initiative which engaged employees, clients as also the government. She was a key member of the corporate strategy and M&A team as the Company went public, forged joint ventures and the final acquisition of the Indian company. Padmaja picked up entrepreneurial strings very early in her career – she revived and grew the family real estate business in Calcutta – growing if from 50,000 sq ft
to over 250,000 sq ft over 2 years and turned it around to become a profitable venture.

A graduate with English Honours, Padmaja then completed her MBA as well as Chartered Accountancy (Intermediate) with her internship with S.R. Batliboi (an E&Y group company).


MBA from a premier Management Institute at Calcutta. (IIMC)
Born in Calcutta, College in Bombay, worked in Delhi and Chennai.
1.Coca Cola Export Corporation, New Delhi. As a Marketing Executive I was traveling 6 months a year with primary responsibility for sales at bottling plants in UP, Tamilnadu and Kerala.1969 – 72.