Niren Shah

Niren Shah
Managing Director, Norwest Venture Partners

"100X.VC is an excellent initiative that will support early stage companies and thereby strengthen the thriving VC ecosystem in India. More than just the capital, 100X.VC’s vision to provide mentorship, resources and expertise would help the founders to adopt best practices and build sustainable, capital efficient businesses. A differentiated approach through the use simplistic, standardized terms for the deal and a peg to future valuations makes the early stage fund raising process more efficient and ensures founders focus on building the business (than just fund raising).

100X.VC would be a high quality sourcing channel for us at Norwest Venture Partners as we participate in mid to late stage venture deals. Sanjay has been a successful angel investor in the past and we have extremely high regards for what he has achieved. We look forward to partnering with 100X.VC in the future."

Niren is the Managing Director and the Head of Norwest Venture Partners (NVP) India. Niren brings to NVP India more than 25 years of investing, entrepreneurial, finance, operational and investment banking experience from leading consumer oriented companies and global financial institutions. Niren serves as an advisor on India-based venture and growth equity investments across the financial services, internet/technology, consumer and healthcare sectors.

Niren has been with NVP India for over 12 years and has advised Norwest’s investments in, EssKay Finance, Five Star Finance,, Kotak Bank, Jain Irrigation,, RBL Bank, Cholamandalam Finance, IndusInd Bank, ING Vysya Bank and Shriram City Union Finance.

Prior to joining NVP India, Niren was the Senior Director of Strategy and Ventures at, Inc. in Silicon Valley, where he helped drive the worldwide strategy across the company. Niren also led the eBay Ventures team where he was responsible for new investments, build or buy decisions, strategic acquisitions and new business opportunities.

Prior to eBay, Niren was part of the Original Executive Management Team of, India largest auction website. Niren was the CFO and COO of and founded Baazee’s B2B Reverse Auction business and PaisaPay payments businesses, which represented a substantial portion of Baazee’s GMV at exit. was acquired by eBay International in 2004, the largest successful acquisition exit of that era.

Prior to this, Niren was an investment banker with KPMG Corporate Finance in the Technology and Financial Services spaces and before that, a Registered Equity Dealer on the Bombay Stock Exchange. Niren is a rank holder chartered accountant and a gold medalist master’s in commerce from the University of Mumbai.

You can learn more about Norwest Venture Partners here