Iron Pillar Announced New Partnership and Investment by Nitya Capital
Iron Pillar has been actively building connections between its portfolio companies and the well-developed technology ecosystem and markets in the U.S. The new partnership with Nitya Capital is expected to expand Iron Pillar’s network of advisors, investors, and thought leaders
FREMONT, CA: Iron Pillar, an India-based venture growth investor specializing in mid-stage technology investments, announced a strategic partnership and investment by Nitya Capital. Nitya Capital is a fast-growing investment firm in the U.S. with $2 billion of assets under management. The investment was made in Iron Pillar, side by side the founding partners, Mohanjit Jolly, Anand Prasanna, and Ashok Ananthakrishnan. Nitya Capital was established by Swapnil Agarwal, who raised the firm from $300,000 in personal savings to $2 billion of assets under management within seven years of time, with top tier investor returns.
Anand Prasanna, Founder and Managing Partner of Iron Pillar, said, “After getting the opportunity to back some great companies in our first fund, we were looking for a like-minded long-term partner who believed in India and the technological prowess of Indian entrepreneurs. I have closely known Swapnil for over 12 years and have often explored opportunities to collaborate, especially when it comes to connecting the U.S. and Indian technology ecosystems. It is this shared vision and entrepreneurial spirit in common that made Swapnil and Nitya Capital the most preferred partners for our journey. By being a partner with Iron Pillar through this investment, Nitya Capital will support us in our mission to build large and successful technology companies from India.”
Iron Pillar has been actively building connections between its portfolio companies and the well-developed technology ecosystem and markets in the U.S. Mohanjit Jolly, based in Silicon Valley, is one of the partners at Iron Pillar. He has brought this strategic advantage to Iron Pillar companies since foundation. The new partnership with Nitya Capital is expected to expand Iron Pillar’s network of advisors, investors, and thought leaders.
“We are delighted to partner with Iron Pillar. I have a long-standing association with Anand and closely followed the team and the platform over these years. The Iron Pillar model is unique for its long-haul visionary approach to building large outcome technology companies from India. We are looking forward to augmenting this endeavor and building a portfolio of high return investments in the long term,” commented Swapnil Agarwal, Founder and Managing Principal of Nitya Capital.