The newly independent CVC will focus on AI, machine learning and other deep tech.
Amitesh Sinha has been appointed CEO of V-Spark DeepTech Ventures, a newly independent corporate venturing arm of Vedanta Group, an Indian global natural resources and technology conglomerate.
Sinha has led Vedanta’s internal corporate innovation, accelerator and ventures programme, Vedanta Spark, for the past three years before becoming head of the newly formed unit based in Mumbai and Bangalore.
Vedanta partners with and makes strategic investments in companies working in the digitisation of energy, mining and natural resources sectors. Its portfolio of startups includes Ripik.AI, a computer vision software for the manufacturing sector, and Faclon Labs, an industrial IoT startup.
New CVC V-Spark DeepTech Ventures is a corporate venture and venture clienting unit that works with Vedanta’s business units to deploy technologies in its mining, metals, manufacturing and ESG lines.
Before joining Vedanta, Sinha was a investment manager at VC SIMA Funds and a chief operating officer at Greenlight Planet, a venture capital investing in under-electrified regions.
