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Angad Banga

Group Chief Executive Officer, The Caravel Group Limited

Search every verified Angad Banga interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In June 2022, Angad Banga, then Chief Operating Officer of The Caravel Group, discussed the company’s involvement in the launch of Sorin Investments, a $135 million venture capital fund co-founded with Sanjay Nayar. During an interview with Moneycontrol, Banga described The Caravel Group’s investment approach as focused on long-term, patient capital and building businesses rather than merely making investments. He stated that the firm prioritizes supporting founders and management teams beyond writing checks, and he expressed optimism about sectors related to ESG, sustainability, and decarbonization in India. Banga also addressed The Caravel Group’s role as Nykaa’s first and largest external investor, as well as its backing of companies such as Meesho and FlexiLoans. He emphasized that the firm is a long-term, committed shareholder that does not focus on quarterly stock price movements, arguing that such a focus can distract from broader business goals.

Recent appearances

  • Sanjay Nayar & Angad Banga On What’s Common Between Them: VC Fund Sorin, Nykaa, Startups, KKR & More

    Sanjay Nayar, Founder, Sorin Investments and Angad Banga, Chief Operating Officer of Hong Kong based diversified firm, The Caravel Group, speak exclusively to Moneycontrol’s Ashwin Mohan on their latest project together – $135 mn venture capital fund Sorin Investments which will back early stage tech startups. The Nayar and Banga family go back a long way as both Sanjay and Angad worked together at private equity firm KKR and The Caravel Group is Nykaa’s first and largest external investor. The Caravel Group also backs Meesho and NBFC FlexiLoans. Both spoke about: 1) Why launch a VC fund now…

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