Radhika Ananth, formerly a vice president of VC firm Accel, has joined the Japanese conglomerate's CVC unit to lead India investments.
Radhika Ananth, photo courtesy of LinkedIn
Radhika Ananth has been made head of Indian VC investments for the Japanese tech and industrial conglomerate Hitachi.
As investment director and head of India at Hitachi Ventures, Ananth will lead the India venture strategy, directing investments in sectors including AI, biotech, manufacturing, energy and mobility.
Before joining Hitachi Ventures, Ananth was vice president at the VC firm Accel, based in its Bengaluru office. While there, she led investments in startups including Orange Health, which provides health checkups, and Breathe Well-being, which makes digital treatment programmes for diabetes. She was a board member for both startups.
She left Accel in December 2024 and was an angel investor and advisor in the consumer tech sector before joining Hitachi Ventures.
Hitachi Ventures was established in 2019 with a $150m fund, and has since grown to manage over $1bn. Its most recent fund was its fourth, with a $400m allocation, which was launched in February. It does not list any Indian portfolio companies on its website, however Hitachi Payments Services, the parent company’s India-based payments subsidiary, invested in Spydra Technologies, which makes enterprise blockchain technology.
India is an important market for Hitachi, which besides payments also is active in green energy, AI and transport infrastructure in the country.
