Silverneedle Ventures onboards Viiveck Verma as Strategic Advisor & Venture Partner
Silverneedle Ventures (SNV), an early-stage technology focussed fund today announced the hiring of Viiveck Verma as Strategic Advisor & Venture Partner. Viiveck joins Silverneedle after 6 months of the launch of the fund.
Viiveck comes with over three decades of sectoral and cross-functional work experience. He is also a Founder and CEO of Upsurge Global. Viiveck is a specialist in corporate strategy and has experience in creating more than 10 notable intrapreneurial corporate ventures. Silverneedle Ventures was launched last year in October with a fund size of INR 100 Crore.
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They aim to invest in Pre Series A/ Series A round of early-stage startups focused on B2B SaaS, D2C/Consumer Internet, Sustainability, Fintech, Deep tech, Generative AI and some others. The fund has made some interesting investments to date in Disprz, Knorish, Samaaro, ThingsUp, and Doqfy.
“I am very excited to be joining the wonderful team at SNV for changing the course of the Startup Founders. Ajay, Anurag, Rama, Renuka and others started this journey many years ago and I am glad to be back with the team in a new avatar. I am sure SNV will contribute tremendously to this great moment India is staring at.” shared Viiveck Verma, Strategic Advisor & Partner at Silverneedle Ventures.
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On the announcement, Founder & Managing Partner of Silverneedle Ventures, Mr Ajay Jain said, “Viiveck brings a lot of experience in building companies & more importantly dealing with multiple issues which startups go through on a regular basis. He will definitely add immense value to the team – I welcome him towards our next phase of growth. ”
At Silverneedle Ventures, Viiveck will be looking after strategy on brand building, fundraising & partnership. Viiveck has previously held leadership positions in Srinivasa Farms, Karvy Group, Galileo, IBM-Daksh, DHL and BPL Mobile, etc, besides a stint as a senior advisor to the Government of Telangana. He currently supports multiple organizations and building brands is his forte including TEDx Hyderabad as its Curator.
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Silverneedle Ventures was founded by Mr Ajay Jain & Deepesh Agarwal, both former Co-Founders at Xseed Partners. Silverneedle Ventures is backed by domestic and global investors, including family offices and institutional investors. SNV team is a group of seasoned professionals who have invested in 30-odd early-stage investments & have also mentored numerous startups. The team has run successful startups & has been part of the startup ecosystem as employees of incubators & accelerators or mentors/advisors.
About Silverneedle Ventures
Silverneedle Ventures is an India-focused venture capital firm which invests in early-stage technology-led businesses. They primarily focus on Pre-Series A/Series A rounds in B2B SaaS, Deeptech, Sustainability, D2C/Consumer Internet, and a few other sectors. They partner with entrepreneurs to increase their probability of success through an active hands-on approach.
The fund is backed by marquee Indian and global investors which include LPs, Family Offices, Institutional Investors, and others. The approach is a mentor-driven model, wherein segment-specific experts (partners/advisors / LPs) across the globe would ensure that a startup is taken on a growth trajectory. The fund was founded by Mr Ajay Jain and Mr Deepesh Agarwal in the year 2022.
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