Bessemer's Abhijeet Muzumdar joins Amazon to look after M&As in India, SE Asia
Abhijeet Muzumdar, vice president of global VC firm Bessemer Venture Partners, has joined Amazon India as its head of corporate development and private investments, and would also look at acquisitions in India and Southeast Asia, he said in an e-mail.
"As an update, I recently joined Amazon from Bessemer Venture Partners. At Amazon, I will primarily look at strategy and planning and private investments for Southeast Asia," reads the e-mail.
His LinkedIn profile adds his new role would also primarily include strategy and planning and private equity style investments besides acquisitions for Amazon in Southeast Asia as well as India. He joined Amazon last month.
When contacted, Mazumdar declined to share more details on his new profile.
While the firm adding a new member to look after acquisitions in Asia is a natural extension of its move to sell in the region and add others to its network, Mazumdar's role incorporating private investments is interesting as it would mean that Amazon may look at investing in startups possibly with a view to acquire them later.
Mazumdar joined Bessemer in July 2009. At the VC firm, he made four investments in companies, including Snapdeal.com, the second largest e-commerce company in India; Bharat Matrimony, a leading matrimonial classifieds site; Anunta Tech, an application delivery as a service company; and HFFC, a housing finance company for low-income households. He also served as member of the boards of Anunta, Snapdeal and Bharat Matrimony.
Prior to joining Bessemer, Mazumdar was a senior manager at Edelweiss Capital Ltd. Previously he was an associate at UBS Investment Bank.
Mazumdar holds a MBA from Adelphi University in New York, and a master's in Commerce from University of Mumbai.
(Edited by Joby Puthuparampil Johnson)