Prime Highlights-
- Converge’s Nilanjana Bhowmik and Advaita Capital’s Gayatri Sarkar made the IndUS Business Journal list of Indian American-founded venture capital firms.
- Massachusetts holds two of the 20 top venture capital firms on the list, while California leads with 16 firms.
Key Facts-
- Converge, based in Cambridge, backs early-stage business-to-business technology companies in artificial intelligence, robotics and enterprise software.
- Advaita Capital, based in Boston, invests in growth-stage companies in artificial intelligence, deep technology and climate innovation.
Background-
Two venture capital founders with strong ties to Greater Boston have earned a place on a national list of leading Indian American-led investment firms.
Nilanjana Bhowmik of Converge and Gayatri Sarkar of Advaita Capital appear in an IndUS Business Journal report on 20 top venture capital firms founded by Indian Americans in the United States.
California leads the list, with 16 of the 20 firms based there. Massachusetts and New York each have two firms.
Bhowmik founded Converge, a Cambridge-based firm that backs early-stage business-to-business technology companies. Its focus areas include artificial intelligence, cloud and blockchain infrastructure, edge computing, robotics and enterprise software.
She started the firm with fellow investor Maia Heymann. Earlier, she served as a general partner at Longworth Venture Partners, where she led enterprise technology investments.
Her portfolio includes Nimbella, acquired by DigitalOcean, RapidMiner, acquired by Altair, and Jibe, acquired by iCIMS. Bhowmik also served as president of TiE-Boston and supports efforts to widen entrepreneurial education.
Sarkar leads Advaita Capital, a Boston-based firm that invests in growth-stage technology companies. Its interests span artificial intelligence, deep technology and climate-related innovation.
Her background covers technology, finance and consulting, along with work tied to the Federal Reserve Bank. She later built a technology startup while studying at Harvard. Through Advaita Capital and She-VC, Sarkar works to expand representation in venture capital.
