Roopa Kudva to join Omidyar Network as MD from 1 July

Mumbai: Roopa Kudva, former managing director and chief executive officer (MD & CEO) at rating agency Crisil Ltd will take over as partner and MD at philanthropic investment firm Omidyar Network India Advisors from 1 July, it was announced on Monday.

Kudva, who quit Crisil in September after a seven-year stint on top of India’s largest credit rating agency, will oversee Omidyar Network’s investments in India across the firm’s “consumer internet & mobile, education, financial inclusion, governance & citizen engagement and property rights initiatives,” the firm said in a emailed statement.

Omidyar is a philanthropic investment firm established in 2004 by eBay founder Pierre Omidyar and his wife Pam. The firm has committed more than $760 million to for-profit companies and non-profit organizations that foster economic advancement and encourage individual participation across multiple initiatives, according to the release.

Omidyar’s Indian investments include news and views website scroll.com, medical site healthkart.com and classifieds site quikr.com.

Kudva will report to Omidyar managing partner Matt Bannick. “She will lead a new phase of our India operations by supporting early-stage investments, innovative entrepreneurs, and businesses with deep social impact,” Bannick said in the statement.