Canaan Partners Continues to Expand its Presence and Commitment in India

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Harish Gandhi Joins Canaan's India Office as Executive Director

Harish brings a wealth of experience in the telecom market and has worked in both the United States and India. His unique experience will help us build an even stronger investment portfolio in the region as we continue to attract and invest in entrepreneurs in the telecom segment.

Canaan Partners, a $2.3 billion global venture capital firm, today announced Harish Gandhi has joined the firm as Executive Director in Canaan's India offices. In his new role, Gandhi will work to strengthen and expand Canaan's technology investments in the Indian market and will work hand-in-hand with the country's top entrepreneurs to build tomorrow's leading international companies.

Gandhi has extensive business operations experience in the telecommunications market. Prior to joining Canaan, Gandhi spent fifteen years in various engineering, product marketing and business development roles at companies including Nokia and India's largest mobile operator, Bharti Airtel.

"We are thrilled to have Harish strengthen our team in India," said Alok Mittal, Managing Director at Canaan Partners. "Harish brings a wealth of experience in the telecom market and has worked in both the United States and India. His unique experience will help us build an even stronger investment portfolio in the region as we continue to attract and invest in entrepreneurs in the telecom segment."

Prior to joining Canaan Partners, Gandhi headed the value added services business and the new product development team at Bharti Airtel. Gandhi also served as Vice President Business Strategy and Planning at Bharti Airtel where he was responsible for leading the company's 3G effort. Prior to Bharti, Gandhi served as Director of Marketing and Technology at Nokia and as Director of Business Development for Dilithium Networks (a telecom start-up).

"With a track record of successful India investments including Bharat Matrimony, Cellcast, iYogi and techTribe, Canaan Partners is fueling the growth of India's next wave of technology innovators," said Gandhi. "I look forward to joining the Canaan team and tapping the immense potential the Indian technology and telecom sectors have to offer."

Gandhi is a B. Tech graduate from IIT Bombay. He also holds a Master of Science degree from the University of Maryland, and has an MBA from the Wharton Business School.

About Canaan Partners
Canaan Partners invests in visionary entrepreneurs and provides them the networks, insights and operational guidance required to build high-performance technology and healthcare companies. For 20 years, we have taken an active and committed role in the companies in which we invest, and have completed more than 67 mergers and acquisitions and 51 IPOs. With $2.3 billion under management and a worldwide footprint, the firm is committed to catalyzing the growth of innovative companies in the digital media, communications & mobility, enterprise, medical devices and clean tech industries. Canaan investment successes include Bharat Matrimony, DoubleClick, CommerceOne, Match.com, Northstar Neuroscience, Acme Packet, Peninsula Pharmaceuticals and SuccessFactors along with dozens of other pioneering companies. Canaan has offices in Californian, Connecticut, India and Israel. For more information visit: http://www.canaan.com.

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Erin McMahon-Lyman
Marketing Alchemist
erin@marketingalchemist.com
Phone (510) 649-1390

Gina Vakili
Canaan Partners
gvakili@canaan.com
Phone (650) 854-8092

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