Managing Director, SEAF (Small Enterprise Assistance Funds)
Mr. Mangat invests in low-cost technologies for the global mass-market. He combines experience in equity investing and technology operations. His 22 years of work experience are distributed evenly between the developed world and the global mass-market. He is based in New Delhi.
Along with his partner Jayant Sinha, Mr. Mangat set up Omidyar Network (ON) in India in 2010. ON is a leading global social venture capital organization that has invested nearly $1B in developing sustainable businesses targeting the Base of the Pyramid (BoP). He was a senior leader of the ON team deploying more than $100M the global mass-market. Mr. Mangat led ON’s direct investments in companies like d.light, manufacturer of affordable solar lanterns. He also served on the Investment Committee of ON’s Fund investments, including the SEAF India Agribusiness Fund (SIAF), and SONG Fund, overseeing investments in companies like Abhay Cotex and EyeQ Hospitals.
Prior to founding Omidyar Network, Mr. Mangat served as the Head of Business Solutions and set up the India office for OATSystems, an MIT spinoff enterprise software company acquired by Checkpoint. Mr. Mangat worked as an investment consultant for both The Carlyle Group’s Indian venture capital arm as well as US-based Swander Pace. He was a management consultant for Marakon and began his career as a clean-tech R&D engineer for Osmonics, Inc. (acquired by GE Water).
Mr. Mangat has an MBA from the Kellogg School of Management at Northwestern University, a Master of Engineering in Chemical Engineering from Cornell University and a Bachelor of Technology in Chemical Engineering from the Indian Institute of Technology, Bombay where he was a National Talent Scholar.