June 18, 2016: The early-to-mid-stage, IIT Alumni Trust-sponsored venture capital firm, IvyCap Ventures has brought on board Lipika Rajpal as a senior investment professional, the Mumbai-headquartered investment firm announced on Friday.
Prior to joining IvyCap, Rajpal was with home grown private equity firm CX Partners, as part of the investment team for its mezzanine fund, CX Intermediate Capital Fund.
According to an official statement released by IvyCap Ventures, Rajpal has also had stints with SBI Capital Markets, focusing on arranging project finance of over $6 billion for large corporations in the oil and gas and chemicals sector.
She has also worked as a portfolio manager with the Royal Bank of Scotland, underwriting local and foreign currency financing of over $10 billion for companies across sectors such as FMCG, metals and mining, the press release added.
Rajpal, who holds an undergraduate degree in commerce from Christ College Bangalore, is also an alum of SP Jain Institute of Management & Research, Mumbai.
Earlier this month, ET reported that the investment firm was mulling doubling the size of Fund-II, to Rs 1,200 crore, buoyed by increasing interest from institutional backers, and the performance of its portfolio companies.
Earlier this week, it was reported that the firm had led a pre-Series A investment round in on-demand product rental marketplace GrabOnRent.