Mela Ventures, a prominent venture capital firm focusing on early-stage startups across diverse sectors, has appointed R Kalyan Sundar as its new Head of Finance and Legal. Sundar brings a wealth of experience in mergers and acquisitions (M&A), financial due diligence, and strategic financial management to his new role.
Before joining Mela Ventures, Sundar served as Assistant Vice President of Finance at Stakeboat Capital LLP, where he led financial evaluations spanning various industries including SaaS, Automation Solutions, Healthcare, IT/ITeS, and E-Publishing. His expertise was pivotal in guiding strategic transactions and fundraising efforts for both global and domestic clients. Prior to that, he accumulated extensive experience at Ernst and Young LLP, overseeing over 40 financial due diligence engagements.
Sundar is a Chartered Accountant (CA) and holds a diploma in International Financial Reporting Standards (IFRS), showcasing his strong foundation in financial management and reporting.
In his new capacity at Mela Ventures, Sundar will spearhead financial and investment strategies. His role will be instrumental in nurturing and scaling innovative startups across various sectors. Sundar expressed his eagerness to leverage his expertise to optimize financial strategies that support emerging founders and their ventures.
The leadership at Mela Ventures, including Managing Partner Parthasarathy NS, warmly welcomed Sundar’s appointment. Parthasarathy highlighted Sundar’s comprehensive skill set in financial due diligence, management, and strategic planning, underscoring his potential to significantly contribute to the firm’s growth trajectory.
Mela Ventures operates as a SEBI-approved Category-2 Alternative Investment Fund (AIF), focusing on nurturing next-generation entrepreneurs. The firm aims to build a diversified portfolio encompassing cutting-edge technologies such as Artificial Intelligence (AI), Machine Learning (ML), Augmented Reality (AR), Virtual Reality (VR), Internet of Things (IoT), Cloud Migration, and Deep Technologies.
In summary, R Kalyan Sundar’s appointment marks a strategic move by Mela Ventures to strengthen its leadership team with seasoned expertise in finance and legal affairs, poised to drive the firm’s mission of supporting and scaling promising startups in India.