Hires ex-JP Morgan executive for US strategy and international initiatives at Cornerstone
Cornerstone Ventures Enhances US Strategy with JP Morgan Chase Executive
Cornerstone Ventures, a Mumbai-based early-stage venture capital firm, has marked the first close of its second fund this year, aiming to raise around Rs 1,740 crore, or approximately $200 million.
In a strategic move to strengthen its presence and operations in the US market and drive cross-border investment opportunities between the US and India, the firm has appointed a former JP Morgan Chase executive to head its US strategy.
The executive, whose identity was not disclosed in the available sources, is expected to leverage their experience to help Cornerstone Ventures capitalize on increasingly globalized startup ecosystems. This move aligns with Cornerstone’s goal to better identify and support early-stage ventures with growth potential across borders.
Existing members of Cornerstone Ventures can log in to access the premium content the firm offers, although the nature of this content remains undisclosed. Becoming a Premium member grants access to exclusive content, but details on the benefits, cost, duration of membership, and any special offers or discounts were not provided in the article.
As Cornerstone Ventures continues to fundraise for its second vehicle, the firm has a selection of premium content available for its members. However, the content remains undisclosed, and it's unclear if the firm intends to further fund the second fund beyond its current status.
Despite the lack of specifics, one thing is clear: Cornerstone Ventures is focused on enhancing its US strategy and cross-border investment approach, positioning itself to support promising startups with global potential.
The appointed executive is expected to utilize their expertise in finance and business to foster investing opportunities between the US and India for Cornerstone Ventures. Cornerstone Ventures aims to capitalize on the globalized startup ecosystem with this move, aligning with their goal to better identify and fund early-stage ventures with growth potential across borders.
