Lumikai, India’s gaming and interactive media venture capital fund, announced the expansion of its leadership team with the appointment of Devadatta Rajadhyaksha as Chief Financial Officer and Kislay Shashwat as Vice President of Investments.
The key hires will strengthen the senior foundation of Lumikai operations as the fund scales up its investments pipeline and launches future funds.
While Devdatta will oversee all finance, fund admin and operations, lead on regulatory and compliance, and support future growth initiatives including setup of future Lumikai funds, Kislay will play a key role across the entire investment stack. His role will also be extended to deal flow sourcing, transaction negotiation and management, portfolio management and support, thesis development, and leveraging his deep relationships on the ground across Bangalore’s startup and investment communities.
Commenting on the new appointments, Justin Shriram Keeling, Founding General Partner, Lumikai, shared, “Lumikai is India’s most active investor in gaming and interactive media. Within 14 months we’ve built fantastic trust with the early stage gaming community, becoming the first port of call for innovators looking for a long term gaming investor who truly gets it. It’s now time to double down as we build the foundation for Lumikai’s future. Dev and Kislay bring decades of sector expertise in their respective fields, and more importantly, embody the core values of integrity, curiosity, collaboration and passion that we hold dear. We’re thrilled for them to join the team as Lumikai looks ahead to the future.”
Devadatta Rajadhyaksha has a distinguished career of more than two decades in the field of fund finance & management, risk management, controls and financial accounting. Formerly working as the Financial Controller at Kedaara Capital, Devdatta has the distinction of managing a $3Bn+ AUM multi-stage private equity fund.
Upon joining the company, Devadatta Rajadhyaksha, CFO, Lumikai, said, “I see Lumikai continuing to play a pivotal role as an ecosystem catalyst in India’s gaming and interactive media space. On one hand, Lumikai will support talented founders in India through their journey in institutionalizing creative excellence and achieving outlier success. On the other hand, Lumikai will champion showcasing gaming and interactive media as an attractive, well- governed asset class for the domestic and global investor community.”
Kislay Shashwat brings over 12 years of experience in investments, portfolio management and investment banking with prominent companies including JP Morgan, Xiaomi, Sharechat, Hungama, Bobble and Hike. He is also the recipient of 40 under 40 award at the Indian Alternative Investments Summit (IAIS).
Kislay Shashwat, VP-Investments, Lumikai said, “In the last 2 years, Lumikai has pioneered backing ambitious game changers in India’s gaming and Interactive media landscape. I see Lumikai continuing to be a Founder’s First Venture Partner, not only providing the first source of institutional capital but also supporting Founders with their hands-on approach and unparalleled domain expertise in the gaming industry.”
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