Gautam Mago, Managing Director of Sequoia India Quits

The managing director of venture capitalist firm, Sequoia India Gautam Magu quit the firm after a decade of service. In a series of tweets, he explained he would slowly transition out of his role in the next couple of months after handing over his assignments.

He was one of the seven partners at the India unit of the Silicon Valley based firm and was involved with at least 16 portfolio companies including OYO and BankBazar. In the next couple of months, Gautam Mago will hand over his board assignments to team members before officially leaving the venture firm.

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Mago hasn’t revealed any specific reason for leaving the company but mentioned change was at the heart of their business and it was time to embrace it. His plans after leaving the company are not clear but reports suggest he might start a new fund. He has previously worked with global management and consulting firm McKinsey & Company till 2007, before joining Sequoia.

Venture capitalist Sequoia Capital has backed many technology giants such as Apple, Google, LinkedIn and Whatsapp. Their India unit has invested in more than 100 companies including big shots like Zomato, Ola and Micromax.