Jagannath Samavedam is part of Ventureast team since 2010 and manages cleantech and healthcare portfolio. He has over 20 years’ experience spanning project finance, corporate banking and investment management. His diverse experience includes heading a profit center at ICICI Bank (2000-2005), CFO of a biofuels company (funded by Ventureast, 2005-2008) and managing coal mine investments in Indonesia and Australia (2008-2010).Jagannath’s education includes a degree in Mechanical Engineering and MBA in Finance from IIM Lucknow.
Detailed Profile of Jagannath Samavedam, Senior Principal, Ventureast Jagannath Samavedam has joined the Ventureast team as a Principal from October 2010. He manages a diverse portfolio of healthcare and cleantech investments. He led Ventureast’s investments in companies focused on medical devices, healthcare delivery, diagnostics and renewable energy. He was earlier a Senior Principal at Advaita Energy Advisors, a PE fund focused on energy investments. At Advaita he was responsible for identifying investment opportunities in Indonesia and Australia. He had successfully completed acquisition of a listed company on Jakarta Stock Exchange which was used as a vehicle for holding Advaita’s coal mining investments. Prior to this, Jagannath was the CFO of Naturol Bioenergy Ltd, India’s first fully integrated biodiesel plant that successfully shipped biodiesel to Europe, complying with their stringent standards. He was instrumental in raising $35 million from Private Equity players (including VenturEast) and Banks.
Jagannath also has extensive experience in project finance and corporate banking through his 11 year stint with ICICI Bank, India’s leading private bank where he was the Zonal head of corporate banking for the states of Andhra Pradesh and Karnataka. This gave him an opportunity to work with the leading companies in the region for structuring financial solutions to their requirements. He has an MBA from the Indian Institute of Management and a Bachelor of Engineering from the Osmania University.