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Tech ObserverBangladeshIndustryLumikai announces key changes at the top, names Devadatta Rajadhyaksha as next CFO

Lumikai announces key changes at the top, names Devadatta Rajadhyaksha as next CFO

The company has also named Kislay Shashwat as the next Vice President of Investments.

The company has also named Kislay Shashwat as the next Vice President of Investments.

Eyeing expansion, top gaming and interactive media venture capital fund has announced the appointment of Devadatta Rajadhyaksha as next Chief Financial Officer and Kislay Shashwat as Vice President of Investments.

According to the company, the key changes at the top will strengthen the senior foundation of operations as the fund scales up its investments pipeline and launches future funds.

In his new role, Rajadhyaksha will oversee all finance, fund admin, and operations, lead on regulatory and compliance, and support future growth initiatives, including the setup of future Lumikai funds.

Further, Shashwat will play a key role across the entire investment stack. Shashwat's role will also be extended to deal flow sourcing, transaction negotiation & management, portfolio management & support, and thesis development.

As per the company statement, 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, Rajadhyaksha has the distinction of managing a $3Bn+ AUM multi-stage private equity fund,” the company said.

Meanwhile, 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), the statement noted.

“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,” Justin Shriram Keeling, Founding General Partner, Lumikai, said.

While speaking on his appointment 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.”

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