Salone Sehgal

Co-Founder

Gurugram, Haryana, India18 yrs 11 mos experience
Most Likely To SwitchHighly Stable

Key Highlights

  • Founder of India's first interactive media VC fund.
  • Executed over $10Bn in M&A transactions.
  • Recognized as a trailblazer for women in venture capital.
Stackforce AI infers this person is a Venture Capital expert with a focus on interactive media and gaming.

Contact

Skills

Core Skills

Venture CapitalInvestment StrategyGame DevelopmentBusiness DevelopmentInvestment Banking

Other Skills

Board GovernanceMarket AnalysisFundraisingPortfolio ManagementMarket ResearchProduct StrategyTeam ManagementMarket GrowthStrategic PlanningOperational ImprovementM&A ExecutionFinancial ModelingClient RelationsM&A experienceM&A due diligence

About

18+ years across global venture capital, M&A banking, private equity and building a company from scratch. Founder of Lumikai, India's first dedicated interactive media, digital platforms and gaming VC fund. We back companies building for India's interactive media economy: digital platforms, games, new media, frontier tech, and systems of play companies where engagement and retention are the product. Invest in seed to Series A with cheque sizes of $200K - $2M. Investors in Eloelo, Supernova, Bombay Play, Loco (exited to Redwood Group), Cloudfeather (exited to MPL), AutoVRse, Nprep and several others. Before Lumikai, I was a Principal at London Venture Partners (LVP) in Europe, the world's first interactive media VC fund with a portfolio that has generated $20Bn+ in shareholder value. I led the Fund III raise from global strategics, financial institutions, and family offices. Prior to that, I co-founded TrulySocial, a UK-based venture-backed social gaming company. I know what it means to build, fundraise, and wind down. That experience shapes how I work with founders today. Earlier in my career, I executed ~$10Bn+ in M&A transactions at Barclays, Morgan Stanley, and KPMG. Across these roles: invested and sat on boards from seed to scale, led fund raises, negotiated strategic partnerships, helped founders navigate restructurings, pivots, and exits and executed multi-billion deals. Founder and host of Alpha Women, a podcast series in conversation with trailblazing women across investing, start-ups, law, media, and business, in partnership Spotify and Outlook Business. Recognition - World's first female GP of an interactive media and gaming VC fund (100+ global funds) I Jury Member, BAFTA Games Awards — Best Mobile Game (2017) I Endorsed as Exceptional World Talent in Technology, Tech City UK (2016) I Iconic Women Leader, Women Economic Forum (2018) I Serve as charter and sub-committee members of TIE, WAVES, IAMAI, and India Digital Society

Experience

18 yrs 11 mos
Total Experience
2 yrs 10 mos
Average Tenure
6 yrs 6 mos
Current Experience

Lumikai fund

Founder and Managing Partner

Nov 2019Present · 6 yrs 6 mos · Delhi, India

  • We are India's pioneering interactive media, digital platforms and gaming focused fund. We focus on seed investments across 5 main areas - games content and original IP ; social, creator, digital platforms; tools/tech/infrastructure; game mechanics which make apps more engaging and playful and finally, AI native bets.
  • We are backed by some of the world's largest media and gaming conglomerates and bring a high caliber, operator driven team with 40+ years of hands-on experience of funding, operating, building, scaling and exiting games & media companies, combined with massive global reach to facilitate partnerships, publishing deals and eventually acquisitions & exits.
  • We enter early, leverage domain expertise and unparalleled global networks to drive strategic value.
  • Board member & Investors in
  • Bombay Play
  • Deftouch
  • Loco (exited to Redwood Group)
  • Studio Sirah
  • Eloelo
  • Supernova
  • Singularity
  • Cloudfeather Games (exited to M-league)
  • Buystars
  • Qurious Bit
  • Autovrse
  • Gigafun Studios
  • Vobble
  • AskmyGuru and many others
Investment StrategyVenture CapitalBoard GovernanceMarket AnalysisFundraising

London venture partners

Principal

Jan 2018Jun 2019 · 1 yr 5 mos · London, United Kingdom

  • LVP is an early stage fund focused on the interactive entertainment/gaming ecosystem. Since 2009, LVP has invested in >40 companies which have created $20B of shareholder value across investments including Supercell, Playfish, Natural Motion, Unity and others. Current portfolio provides early-stage exposure to one of the best performing, fastest growing sectors globally and includes emergent winners like:
  • AppOnboard (US based ad infrastructure company offering an ad platform and mini-game engine for building playable ads)
  • Bossa (UK’s most creative games studio with multiple commercially succesful IP's)
  • Bunch (live video streaming app for games)
  • Polystream (UK based deep tech company offering a transformational B2B PaaS instant streaming platform)
  • Futureplay (Finland based mobile game development company building an ad first games network)
  • Singularity 6 (US based games company founded on the principle of intelligent game design and player-first value system)
FundraisingPortfolio ManagementMarket ResearchVenture Capital

Trulysocial ltd.

Co-Founder & CEO

Jan 2013Jan 2017 · 4 yrs · London, United Kingdom

  • TrulySocial Limited produced, designed and developed "Contemporary Social World Mobile Games" for mobile and tablets, with a focus on female audiences.
  • As Co-founder and CEO,
  • ✪ Led development and production of an innovative, lifestyle themed simulation game centred around building social dynamics and relationships with Artificial Intelligence characters with immersive storylines
  • ✪ Managed complete commercial strategy, product, operations, fundraising and new market growth
  • ✪ Built and managed a team of world class design, art, narrative and programming talent
  • ✪ Successfully raised financing from the world's foremost early stage games VC, largest Indian institutional games publisher and leading angel investors
  • ✪ Developed and executed unique user acquisition and go-to-market strategies to facilitate app store discovery including partnering with celebrity A-listers
  • ✪ Successfully negotiated strategic partnerships and secured an emerging markets publishing deal
  • ✪ Gained a deep insight and understanding of the global mobile gaming industry and cultivated a network with key players
Game DevelopmentProduct StrategyTeam Management

Barclays

Vice-President, Strategy & Business Development, Group Chief Operating Office

Jan 2013Jan 2014 · 1 yr · London

  • As part of the Group COO strategy formulation team, my role centred on:
  • ✪ Defining and evaluating viable commercial opportunities for organic and inorganic growth for the bank
  • ✪ Identification of specific operational improvement opportunities and business case formulation, with a focus on helping the bank execute on its Global Leadership mandated "Transform" programme
  • ✪ Delivering specific guidance, analysis and recommendations to various stakeholders including Barclays leadership comprising of Global Leadership, executive committee and business heads
Strategic PlanningBusiness DevelopmentOperational Improvement

Morgan stanley

2 roles

Associate, Investment Banking

Promoted

Jan 2011Jan 2013 · 2 yrs · London, United Kingdom

  • Generalist M&A role with focus on European Utilities & Renewables, Technology and Retail.
  • ✪ Covered diverse mandates ranging from business development, client coverage, strategic reviews, M&A and IPO’s
  • ✪ Managed end to end M&A execution process, including building and reviewing financial models, creation and presentation of materials for board/investment committee/management teams, coordination and relationship building between key stakeholders and team members
  • ✪ Executed M&A deals included the £7.9Bn buy-out of International Power minority shareholders by GDF Suez
M&A ExecutionFinancial ModelingClient RelationsInvestment Banking

Summer Associate, Investment Banking

Jun 2010Aug 2010 · 2 mos · London, United Kingdom

  • Associate in the Generalist M&A pool. Covered healthcare and services industry.
  • Gained relevant M&A execution and business development experience.

Iese business school

MBA student

Jan 2009Jan 2011 · 2 yrs · Barcelona Area, Spain

  • Full-time MBA Student at IESE Business School in Barcelona, Spain
  • ★ Recipient, IESE Alumni Scholarship
  • ★ President, IESE Finance Club
  • ★ Founder, IESE 1st Private Equity Competition (IPEC 2010)

Kpmg

Analyst, M&A Transaction Services

Jan 2006Jan 2009 · 3 yrs · New Delhi Area, India

  • As an Analyst in the M&A advisory team, my responsibilities were focused on:
  • ⚑ Conducting financial due diligence for leading private equity (PE) funds such as Blackstone Group, Texas Pacific Group, Warburg Pincus and DE Shaw Group and numerous strategic corporates
  • ⚑ Acquired cross sector transaction advisory experience across 30 client engagements
  • Key Transactions
  • ► HCL Technologies (India’s third largest IT company): $1 Bn acquisition of a UK based SAP
  • consultancy
  • ► SpiceJet (Indian aviation company): $80 Mn capital infusion from WL Ross
  • ► Blackstone Group: $150 Mn investment in a listed infrastructure company
  • ► TPG – Axon Capital: $100 Mn minority investment in a large real estate developer
  • ► Indian coal mining company: US$ 20 Mn debt financing
  • 2007 - 2008 : Good Energies, Inc, Switzerland based Private Equity Fund
  • ✪ Seconded to a renewable energy focused PE fund for performing detailed financial & valuation
  • reviews over the course of 1 year
  • ✪ Delivered in-depth operational/financial analysis on 30 invested companies located in the US,
  • Europe and China to enable the fund to make effective exit/capital infusion decisions
  • ✪ Created portfolio performance reports of the fund facilitating greater monitoring of key
  • developments in invested companies

Education

IESE Business School

MBA

Jan 2009Jan 2011

Sri Venkateswara College, Delhi University

B.A Honours — Economics

Jan 2003Jan 2006

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