Sumant is a Co-Founder & Managing Partner of March Capital. Sumant leads investments in cloud driven enterprise platforms, cloud infrastructure, AI/ML, and network infrastructure as well as companies supporting the Indian market. In his two decades of venture capital, Sumant has generated multiple meaningful exits in companies that he has either incubated or been the first institutional investor. His most recent exits include BillDesk (acquired by Prosus) and CarTrade Tech (NSE: CARTRADE), both valuable companies capitalizing on the digitization of the Indian Economy in their respective industry sectors.
Sumant’s previous exits include VeloCloud Networks (acquired by VMware), Magnite (NASDAQ: MGNI), Kosei (acquired by Pinterest), Appcito (acquired by A10 Networks), Deep Forest Media (acquired by Rakuten), Kazeon Systems (acquired by EMC), Mimosa Systems (acquired by Iron Mountain), Ankeena Networks (acquired by Juniper), Cetas (acquired by VMware), Apture (acquired by Google), and Perspica Systems (acquired by Cisco). He currently serves on the Board of Directors of market-leading technology companies SparkCognition and Uniphore.
Additionally, Sumant is co-founder of two leading technology incubators in the San Francisco Bay Area: The Hive, focused on AI and Blockchain driven companies, and The Fabric, focused on cloud, IoT, and network infrastructure companies. He has helped incubate more than 25 companies throughout his career. In 2000, Sumant joined Clearstone Venture Partners and became a Managing Director four years later. Prior to Clearstone, Sumant spent more than eight years as an entrepreneur, starting companies in both India and the United States.
Sumant has an M.B.A. from the Kellogg Graduate School of Management at Northwestern University, and a B.S. in Electrical Engineering from Michigan State University. He is a Charter Member of TiE.