Vipin Agarwal, senior India executive of Fosun RZ Capital, the venture capital arm of Beijing headquartered Fosun Group, has quit the firm, according to multiple media reports.
Agarwal, a person privy to the development told TechCircle, had moved on nearly a month ago.
Email queries to Fosun RZ Capital India managing director and head Tej Kapoor didn’t elicit responses at the time of publishing this report.
The development was first reported by VCCircle. Online publication Entrackr said Kapoor had confirmed Agarwal’s departure.
Agarwal, who was previously the founder of OnlineTyari and enMarkit, led early and growth stage investments for the India market as senior director at the firm. He joined the firm in January 2018 and managed investments and exits in 11 companies, according to his LinkedIn profile.
The IIM Ahmedabad and IIT Kanpur alumnus was on board of nine companies at different times during his stint with Fosun RZ capital.
Fosun RZ Capital was founded in 2013 and has offices in India, Israel, Singapore and the United States. The firm, which invested in high growth companies, shifted its focus to early stage investments in 2018. It recently backed companies like social audio platform Headfone during its seed round.
Other notable investments in India include logistics player Delhivery, financial inclusion company Kissht and travel platform Ixigo. It has close to 100 portfolio companies across verticals and funds.