Vaibhav Agrawal is set to launch his own venture firm. Abhishek Nag has joined Mumbai-based 360 One (formerly IIFL Wealth & Asset Management) to lead early-stage investments. has joined Mumbai-based 360 One (formerly IIFL Wealth & Asset Management) to lead early-stage investments.
Agrawal told ET that he will continue to work with the fund in a "non-executive capacity for some time." His departure means only three partners will be left at the firm – Saleem Asaria, Vaidhehi Ravindran and Kartik Srivatsa.
This comes at a time when Saleem Asaria has also stepped back from daily operations, per sources who added that Raghav Rungta has already left Lightrock. Ashish Garg left in September 2022 to join a startup.