Assistant General Manager - Innovation Fund

Background:

Larsen & Toubro (L&T) is India s largest engineering, construction, and technology conglomerate with presence across EPC, Hi Tech manufacturing, and services. L&T Group reported $21b revenues in F22 and has combined market cap of $57bn (Jun 22 3M Avg).

L&T Innovation Fund is corporate venture arm of L&T Group. The fund is mandated to invest in early stage start ups in the sectors of strategic interest. The fund invests in Series A and A+ as a lead or co investor. The fund s focus is global deep tech start ups in the domains of green energy tech, Industry AI/ Analytics, enterprise SAAS, space and defense tech among others.

Position

The Fund is looking to add dynamic and passionate investment professional:

Role

• Conduct detailed sectoral research to identify emerging opportunities
• Identify, source, connect and evaluate early-stage global start ups
• Maintain relationships with different business units of L&T, VCs, advisors, and incubators to identify themes and source / diligence early-stage deals
• Conduct detailed due diligence to carve out investment thesis and prepare internal investment decks
• Assist and selectively lead deal negotiations
• Coordinate with internal & external legal teams to finalise term sheets, definitive documentation and closing investments
• Monitor portfolio performance & assist portfolio companies in strategic / operational roadmap and connecting with L&T and other VC ecosystem
• Manage portfolio exit related transactions

Experience / Skill Sets

• At least 5 to 10 years of work experience in early stage Venture Capital(VC), Corporate Venture Capital(CVC), investment banking, consulting or corporate development
• Must have experience of closing/participating in few early-stage deals
• MBA or equivalent degree from leading institutes with engineering background
• Has good network with other VC/CVC investors/start up ecosystem
• Proactive, diligent, analytical with a passion to understanding new technologies and early stage investments
• Excellent communication, presentation, writing and interpersonal skills