Saif Partner’s MD Alok Goel won’t be a part of Saif Partner’s seventh fund that the VC firm announced barely few hours ago. This is because Goel has decided to put down his paper after spending nearly five years at the Gurgaon headquartered VC firm. He will be now pursuing an independent entrepreneurial journey. Goel announced the news on his official Twitter account.
Through his tweet, Goel announced that though he won’t be part of the newly announced 7th fund but will continue to remain partner for fund 4/5/6.
Miten Sampat, who recently Joined Kunal Shah’s Cred after resigning from Times Internet, was one of the first high profile startup personality to pass his wishes to Goel.
Before joining Saif Partner (now rebranded as Elevation Capital) in 2015, Goel had held senior roles in two high profile startups. He was the CEO of FreeCharge from 2013-15 and before that was the COO of RedBus for nearly 1.5 years. Big players eventually acquired both these two startups for record sum.
Before trying out his luck in India’s startup industry, he held a lucrative job at search engine giant Google. However, he decided to leave the lucrative job and decided to give a helping hand in navigating India’s nascent startup industry.
During his more than seven-year stint at India’s startup industry, Goel is widely hailed for his ability to build and scale startups.
But the timing of Goel’s resignation is bit surprising. His resignation has come at a time when Saif Partners is virtually unveiling a new chapter. With a brand new name and a fresh funding corpus, the Gurgaon based VC firm is aiming to fly higher by betting on new startups.