10 January 2012

August Capital Ropes In Former AppLabs CFO Mohan Krishna On Board

Bangalore-based early stage venture capital fund, August Capital Partners has roped in former AppLabs CFO, Mohan Krishna Reddy (MKR) as a Venture Partner. Reddy has over 30 years of experience in the senior level managerial positions in the fields of IT, Engineering and Financial Services sectors.

 He has been involved in a number of IPOs, which have raised more than $1 billion and has participated in the syndication of a number of debt transactions for both government and private sectors.

Sameer Narula, Managing Partner, August Capital Partners says, “We are happy to have MKR join August Capital Partner as a Venture Partner. His extensive financial services experience in general and transaction experience in particular makes him a valuable addition to our team.  MKR's addition to our team is in keeping with our strategic focus of maintaining a lean organization while leveraging our network and relationships to add value to our portfolio companies.”

As one of the founders of the Hyderabad Angel Network, and as an advisor to various corporate in India and abroad, Reddy would strengthen August Capital Partner’s unique ability to source proprietary deals around the country and their relationships with strategic investors for exits.

Prior to joining August Capital Partners, Reddy was the CFO of Applabs and Infotech Enterprises. He was also the Senior Vice President of JM Morgan Stanley and has held various positions with ANZ Gridlays, Unit Trust of India and Indian Bank. Reddy has a Master degree in Financial Management from University of Bombay and a Degree in Economics from the University of Madras. He has been active in CII, FAPCCI and the Madras Chamber of Commerce, and is a Board member of several companies.

Talking about the future plans of August Capital Partners, Narula says, “While we continue to meet new companies and strengthen our deal pipeline on a daily basis, our main objective is to achieve a first close this quarter. We believe that the challenging Indian and global investment environment creates great opportunities for a fund such as ours, and we intend to actively start closing deals to maximize value for our LPs and entrepreneurs in this new year.”