Mohan Kumar Joins NVP India

Mohan Kumar has joined Norwest Venture Partners as an executive director with the firm's Indian affiliate. He previously served as corporate VP of mobile device software at Motorola.

PRESS RELEASE

Norwest Venture Partners (NVP), a global technology venture capital firm, today announced that Mohan Kumar has joined NVP India as Executive Director. Kumar brings to NVP India more than 21 years of extensive operational, technology and investment experience, having worked at Motorola and Texas Instruments in various senior positions and personally investing in technology start-up companies. Kumar will be based in NVP India's new Bangalore office, and will focus on technology investments in India.

 

As Corporate Vice President of Mobile Devices Software at Motorola, Kumar was instrumental in creating mobile platform middleware, user interface technology and applications across 3GSM, CDMA & WiFi / WiMax mobile phones. Prior to serving in multiple senior roles at Motorola, Kumar helped set up Texas Instruments' business unit in Bangalore. Kumar has also been an angel investor and is active in helping start-up companies in the areas of mobile solutions, content and applications, namely Allgo Systems, Azingo, Quantum, SpaceTime and Mitoken.

 

“Kumar's domain expertise in the mobile technology and software development sectors will be of tremendous value to NVP India. His knowledge and understanding of these areas of technology is extremely relevant to our existing portfolio companies, and will help us seek exciting new opportunities and entrepreneurs in whom we will continue to invest in India,” said Promod Haque, managing partner at NVP.

 

Haque further notes, “As we are all aware, India is the fastest growing mobile market in the world, and the country's rapidly growing middle class spending power offers tremendous investment opportunities. We at NVP strongly believe that next-generation technologies are beginning to be developed in India and that the early adopters of such technologies will be from the sub-continent. Because of this, NVP India will aggressively hire more senior investment professionals in the coming months, and will continue to invest in promising new businesses to capitalize on this rapid growth. We look forward to Mohan's presence in Bangalore, and we know he will contribute greatly to the growth of NVP India.”

 

NVP India launched its Mumbai office headquarters in 2007, and today expands the firm's presence in India with the opening of its new office in Bangalore. NVP India has made several direct investments in such companies as Adventity, Persistent Systems, Sulekha.com and Yatra. In addition, NVP has also invested in more than 20 “hybrid” or “cross-border” portfolio companies (companies that are headquartered in the U.S, but have a significant presence in India) including AmberPoint, Cast Iron Systems, CollabNet, LifeSize Communications, Open-Silicon, Sonoa Systems, Veveo, Virtela Communications, and Yipes (acquired by Reliance/Flag Telecom in 2007 for $300 million).

 

“NVP has emerged as a leading venture capital firm in India and globally because of its track record in supporting and nurturing leading companies and developing budding entrepreneurs,” notes Kumar. He further adds, “The firm's strong commitment and fundamentals have inspired me to join the team in India. Having previously guided start-up companies, I understand the process of how to help them scale. In addition, my experience at global companies like Motorola and Texas Instruments will enable me add value to new and existing NVP portfolio companies on the technical and business development fronts. I look forward to helping build next-generation companies with NVP in the years ahead.”

 

Having worked in various Vice President roles at Motorola, Kumar was instrumental in setting up design centers in Asia and Europe. He was responsible for Software and Telecom Products in the ASIAPAC region with annual revenues of more than US$2 billion. During his tenure there, Kumar was responsible for the design centers achieving the highest quality level in software engineering (SEI Level 5), the first organization in the world to obtain this quality level. He also built strong relationships with VAS providers in ASIAPAC, and helped them develop various premium paid services. Kumar also successfully developed and launched mobile phone models for the European/ASIAN market.

 

Prior to Motorola, Kumar worked with Texas Instruments as a technical architect on DSP Technologies and helped set up Texas Instruments' business unit in Bangalore.

 

Kumar holds a B.Tech degree in Electronics and Communication Engineering from Institute of Technology, Benares, India. Later he took part in the Leadership/Management Program at the Kellogg School of Management in Chicago.

 

About Norwest Venture Partners (NVP)

 

 

Norwest Venture Partners (NVP) is a global venture capital firm that has actively partnered with entrepreneurs to build great businesses for more than 45 years. NVP focuses on investments in information technology including: software, services, enterprise and communications systems, semiconductor/components and Internet, media and consumer. The firm currently manages more than $2.5 billion in venture capital out of its office in Palo Alto, California. Managing Partner Promod Haque has been ranked as a top dealmaker on the annual Forbes Midas List for the past three years. In 2004, Forbes named him as the #1 venture capitalist worldwide based on performance over the last decade.

 

NVP has funded over 400 companies in the U.S. since inception, as well as several direct investments in India and more than 20 cross border companies. Some of the firm's recent investments and transactions include Adventity, Airespace (acquired by Cisco Systems), deCarta, KACE, mBlox, Omneon, Open-Silicon (acquired by Unicorn Investment Bank), Persistent Systems, Rackspace, Resonext Communications (acquired by RF Micro Devices), SideStep (acquired by Kayak), Spinnaker Networks (acquired by Network Appliance), Veraz Networks, Winphoria Networks (acquired by Motorola), Yatra, and Yipes (acquired by Reliance/Flag Telecom). NVP has also funded such market leaders as Actel Corporation, Cerent (acquired by Cisco Systems), Documentum, Extreme Networks, Forte Software (acquired by Sun Microsystems), PeopleSoft and Tivoli Systems (acquired by IBM). For more information, please visit www.nvp.com.