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Vipul Mankad

Managing Director

SEAF Team

Asia
Mumbai

Vipul serves as the managing director of the SEAF India Agribusiness Fund, a $41.8 million fund investing in small and medium-sized enterprises in India’s agribusiness space. He was appointed to the position in 2016. He also serves as a member of the SEAF Global Investment Committee. Vipul is an investment professional with more than 25 years of experience raising and managing VC funds through different economic cycles in India. He has led successful transactions across multiple industry sectors with an emphasis on early and growth stage investments. From 2000 to 2011, he served as President of SIDBI Venture Capital Ltd, a VC firm backed by Small Industries Development Bank of India (SIDBI), a large development bank. Vipul joined SIDBI Venture at its formative stage and was instrumental in building its team and operations. He was responsible for investment functions of the funds (US $140 M) raised from major banks and domestic institutions. He led more than 50 early and expansion stage transactions in IT and other growth sectors. He also made more than 30 profitable exits with attractive returns. Many portfolio companies attracted Series “B” rounds from reputed funds like Sequoia, Clearstone, IDG, ePlanet, Fidelity, Mayfield, BTS Advisors etc. Prior to SIDBI Venture, Vipul was Vice President of GVFL Limited (GVFL), a firm focusing on early stage investments, from 1990 to 2000. GVFL raised three funds from multilateral financial institutions, including the The World Bank, domestic financial institutions and private sector corporations. At GVFL, he made investments in technology based start ups and growth stage companies having a clear competitive advantage. Before GVFL, Vipul worked as Credit Officer with Gujarat Industrial Investment Corporatio, a prominent development bank providing debt to SMEs. Vipul is an MBA and Engineer. He also holds a Diploma in Finance from Institute of Chartered Financial Analysts of India.