Back News / Sixth Sense Ventures hires Colgate India exec as CFO, COO
Sixth Sense Ventures hires Colgate India exec as CFO, COOSeptember 25, 2017
Sixth Sense Ventures has hired a senior executive of Colgate India as chief financial officer and chief operating officer, the venture capital firm’s founder told VCCircle.
Nimisha Nagarsekar, who was head of commercial and investor relations at Colgate India, has joined the VC firm, said Nikhil Vora.
“We see our role morphing from being a capital investor to also providing significant operational capabilities. Nimisha fills in that gap materially,” said Vora.
Nagarsekar is a chartered accountant with almost two decades of experience in the consumer sector. She has expertise in financial accounting and planning, brand commercials, supply chain and strategy. She has also played a key role in areas such as business valuations, brand sell-off, market entry and due diligence.
Nagarsekar said she would provide operational experience to companies within the Sixth Sense umbrella.
Sixth Sense, which focuses on consumer-centric companies, made the final close of its debut fund last year, after resizing the target corpus.
Its portfolio firms include Weddingz.in, an online marketplace for wedding venues and vendors; JHS Svendgaard Laboratories Pvt Ltd, an oral care products firm; and Grab, a Mumbai-based hyperlocal logistics service provider.
Vora has also invested in his personal capacity in several firms, including One97 Communications Ltd, the parent of mobile wallet and e-commerce firm Paytm; Kangaroo Kids Education Ltd, which runs Kangaroo Kids Preschool and Billabong High International School; and Vini Cosmetics, a consumer goods company which raised funding from Sequoia Capital.
Other firms in which Vora has invested include sports-focussed digital display solutions firm Technology Frontiers, which is backed by Avigo Capital, and aviation maintenance and repair services provider AirWorks, which is backed by VC firm New Enterprise Associates and GTI Capital.
Earlier this year, Vora sold his stake in Paytm to Chinese e-commerce giant Alibaba, reaping gains of almost 75 times.