
Cat II · Managed by Cedar-IBSI
Backing the best founders building AI-first enterprise technology for Financial Services
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Cedar-IBSi Capital (SEBI AIF IN/AIF2/22-23/1185, Cat II) is a FinTech-focused venture capital fund managed by Cedar-IBSI Ventures Pvt. Ltd, built on the combined legacy of Cedar Management Consulting (founded by Prof. Robert Kaplan, HBS co-creator of the Balanced Scorecard, 30+ years) and IBS Intelligence (global FinTech research and market intelligence firm). The fund backs founders building next-generation AI-first enterprise software and technology for the Financial Services industry — B2B FinTech and TechFin infrastructure — with a particular focus on India, GCC, and Europe. The fund operates as an independent VC backed by a FinTech Lab ecosystem (Cedar-IBSi FinTech Lab) which has nurtured 60+ B2B FinTechs since 2017. LPs include KSH Investments (Private Department of Sheikh Mohamed bin Khalid Al Nahyan, Abu Dhabi). The fund rebranded as 'Cedar Hill Capital' effective late 2025, with the new website at cedarhill.vc. Portfolio companies include Cogniquest (intelligent document processing) and WonderLend Hubs (incentive compensation software). Registered at 201, Peninsula Business Park, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai – 400013.
Sahil Anand
Founder & Managing Partner
MBA (London Business School), BS Finance (NYU Stern)
Sahil comes with almost 15 years of experience in private equity, management consulting and Financial Services technology. He founded Cedar Hill Capital in 2023 when he realized that he was slowly becoming a FinTech and TechFin nerd and had missed multiple tech investment opportunities while he ran Cedar's FinTech Labs. Prior to founding Cedar Hill Capital, Sahil spent almost a decade at Cedar Consulting and IBS Intelligence's respective consulting and research practices, where he worked with regional Banks and FinTechs on their technology strategies. In 2017, he co-created the Cedar-IBSi FinTech Labs, which quickly became known as the only such FinTech ecosystem in the region, and has been home to 70+ B2B FinTech/TechFin companies. Sahil began his career on the investments team at Everstone Capital and DSG Consumer Partners, where he worked on the investment team across deals and industries, and played an active role on the "platformification" of Everstone's various focus areas along with the fund's leadership. Sahil holds an MBA from London Business School, and a BS in Finance from NYU Stern. He serves as a member of the governing board of EO (Entrepreneurs Organization) Mumbai, a global network of leading entrepreneurs across industries. Sahil is also the former Chapter Chair and founding board member for YNG (Young Presidents Organization) Mumbai and serves actively as a NYU Stern Alumni Association Committee Member.
Subit Mitra
Partner
PGDM (IIM Calcutta), B.Tech (IIT Guwahati)
Subit comes with almost 15 years of experience across the investment cycle in the fund business, from deal-sourcing to leading exits. He is also well-versed with the overall Financial Services business model and ecosystem, given his past role at Aavishkaar Capital. Before joining Cedar Hill Capital, Subit was with Aavishkaar Capital, a well-known Indian impact VC fund focused on Financial Services and FinTech, where he was responsible for deal evaluation, portfolio, and exit management. He represented the fund in various board roles, guiding and working strategically with the leadership teams. Subit holds a PGDM diploma from IIM Calcutta and B. Tech degree from IIT Guwahati. He has attended the Strategic Leadership in Inclusive Finance program at Harvard Business School. Subit also enjoys reading, playing tennis, and taking cross-country bike trips.
No insights published yet.
Investments in AIFs carry market and credit risk including possible loss of capital. Past performance does not indicate future returns. Information shown is sourced from the issuer's PPM and SEBI filings — confirm against the latest PPM before committing. Wisefolio is an information platform; it is not registered with SEBI as an investment adviser, portfolio manager, or distributor. By using this page you accept our terms and privacy policy, including the self-attestation that you are eligible to view AIF marketing material under SEBI rules.
Raveena
Manager - Fund Admin & IR
B.Sc. Finance (NMIMS), PG Diploma Foreign Trade; pursuing CFA and ACCA
Raveena brings past experience on the investing and investor-relations side of private equity. At Cedar Hill Capital she is focused on delivering high-quality fund administration, compliance and investor relations services to the fund's LPs in India and internationally. In her prior experience with Venture Catalysts, she was responsible for end-to-end deal management and fundraising for early-stage startups where Raveena was instrumental in expanding networks in India and the UAE. At other prior firms, she also had experience in fund launches and subsequent closings of AIF funds. Raveena has completed her B.Sc. in Finance from Narsee Monjee Institute of Management Studies (NMIMS) and Post Graduate Diploma in Foreign Trade from World Trade Centre Institute, Mumbai. She is currently pursuing her CFA and ACCA. Raveena enjoys reading books and playing badminton. She has a passion to travel and learn new languages and is also an enthusiastic follower of Formula 1 racing.
Angleen
Labs Director (Cedar-IBSi FinTech Lab & Fund)
Angleen brings 30+ years of experience across wealth management and strategic advisory, including roles at RAK BANK (UAE) and Seven Capital. She facilitated RAK BANK's largest deal and managed a structured products portfolio with average ticket size of USD 2–5 million across ICICI and Tata Group corporates, and led the bank's expansion into the UK, Africa, and India. She bridges the FinTech Lab and the AIF fund, identifying lab member capital-raise opportunities.
Hriday Bhatia
Associate
Bachelor's Accounting and Finance (H. R. College), CFA Charter holder
Hriday brings experience across venture capital, investor relations, and business operations. Before joining Cedar Hill Capital, he worked with Pegasus Fininvest as an Associate, supporting the deployment of over USD 10 million across FinTech, HealthTech, CleanTech, and DeepTech sectors, contributing to deal structuring, negotiations, due diligence, and closure. At Cedar Hill Capital, Hriday focuses on deal flow, sourcing, and evaluation, while working with portfolio companies to unlock value leveraging Cedar's wider platform. He holds a Bachelor's degree in Accounting and Finance from H. R. College, Mumbai, and is a CFA Charter holder. Outside of work, Hriday is passionate about football, cricket, and squash.
Rohan Punjabi
Associate
Master's Banking and Finance; CFA Level II cleared
Rohan brings experience across investment analysis, risk assessment, and transaction evaluation. Before joining Cedar Hill Capital, he worked within the Chairman's Office at Neo Wealth and Asset Management as an Associate, evaluating transactions and fund strategies exceeding USD 1 billion across private credit, performing credit, private equity, infrastructure, and real estate. At Cedar Hill Capital, Rohan focuses on deal origination, pipeline evaluation, and transaction analysis, while collaborating with portfolio companies to drive growth and unlock value across the firm's broader ecosystem. He holds a Master's degree in Banking and Finance and has cleared CFA Level II. Outside of work, Rohan is a tech enthusiast and passionate about chess and football.
Khushboo Punjabi
Marketing & Community Executive
Siddhi Jadhav
Executive Assistant & Office Operations
Sanjiv Anand
BoardNon-Executive Chairman, Cedar Hill Capital
Pradip Shah
AdvisorAdvisory Board Member
MBA (Harvard Business School), Chartered Accountant, Cost Accountant
Pradip is an advisory board member at Cedar Hill Capital where he applies his 35+ years of Financial Services experience to the fund's investment thesis and LP partnership strategy. He is a well-recognized and prominent figure in the Indian Financial Services sector, known for his instrumental role in establishing two of India's leading financial institutions, Housing Development Finance Corporation (HDFC) and Credit Rating Information Services of India Limited (CRISIL). Pradip's contributions to the Indian Financial Services sector go beyond the establishment of HDFC and CRISIL, by means of his involvement in shaping policies, reforms, and regulatory frameworks, promoting the growth and stability of the financial system in India. He is the former Chairman of Pfizer India, a former senior advisor to the World Bank, and sits on the boards of multiple other corporations of repute. Pradip Shah holds an MBA from the Harvard Business School. He is also a Chartered Accountant and a Cost Accountant and ranked first in India in the Chartered Accountancy Examination.
Felipe
AdvisorAdvisory Board Member; CEO - Payments, Santander Bank
MA Economics (EHU), Fintech Oxford Programme (Saïd Business School)
Felipe is an advisory board member at Cedar Hill Capital, where he applies his 20+ years of FinTech and BankTech experience across Europe to strengthen the fund's investment thesis and value creation for portfolio companies. He is the CEO of Payments at Santander Bank, a strategic business within PagoNxt that simplifies account-to-account (A2A) payments without intermediaries, and sits at the core of Santander's global payments innovation agenda. Prior to rejoining Santander, Felipe served as Chief Information Officer and Management Board member at Revolut Bank UAB, Revolut group's largest entity, operating in all 30 EEA countries, and 160+ globally with 60+ million customers. Originally from Spain, he started his career at Accenture in 1997, assisting with core banking transformation programs around the world, living in Colombia, Venezuela, Spain, Austria, and the UK. Upon moving to Santander UK in 2008, Felipe led the integration of various acquisitions and the launch of Corporate Banking, until he moved to Finastra as Senior Director of Universal Banking, Global Services after this. Felipe has completed his MA in Economics from La Universidad del Pais Vasco (EHU) and has also done the Fintech Oxford Programme from Saïd Business School, University of Oxford.
Sachin Seth
AdvisorVenture Partner
B.Tech Electrical Engineering (Dayalbagh Educational Institute), MBA Marketing (NMIMS)
Sachin Seth is a Venture Partner at Cedar Hill Capital, where he applies his ~30 years of experience across FinTech, digital transformation and technology in banking and insurance to the fund's investment thesis and value-add to portfolio companies. Sachin is the Regional Managing Director for India & South Asia at CRIF, the global credit and business-information group, and also serves as Chairman of the Board of CRIF High Mark, one of India's leading credit bureaus. In this role, effective since September 2024, he drives CRIF's growth strategy across its India subsidiaries: CRIF High Mark, CRIF Solutions and CRIF Connect. Before joining CRIF, Sachin was Managing Director & CEO of EbixCash Financial Technologies and a Non-Executive Director on the BSE Ebix joint-venture board. Prior to that, he was a Partner with Ernst & Young (EY), where he led the firm's Digital and FinTech practice, and earlier held the role of Executive Director at IBM Global Business Services. Over his career he has delivered technology-led business-transformation projects for regulated banking and insurance organisations across more than 35 countries. Sachin holds a Bachelor of Technology in Electrical Engineering from Dayalbagh Educational Institute and a Master of Business Administration in Marketing from the Narsee Monjee Institute of Management Studies (NMIMS).
Eshit Sharma
AdvisorVashudev Ahuja
AdvisorMurtaza Shaikhally
AdvisorAmit Jain
AdvisorPartner, IBS Intelligence
Chetan Parekh
AdvisorManaging Partner, Cedar MENA FinTech Practice
V. Ramkumar
AdvisorSenior Partner, Cedar Financial Services Practice
Bobby Parikh
AdvisorBoard Member, Infosys, HDFC Bank
Sandeep Chouhan
AdvisorFormer Group CEO, Abu Dhabi Islamic Bank
Dr. Ahmed Mansour
AdvisorGroup CEO, Private Department of H.E. Sheikh Mohammed Bin Khalid Al Nahyan
Rana Anand
AdvisorFormer Banker & Strategic Advisor
Raja Debnath
AdvisorChairman & MD, Veefin Solutions
Satish Grampurohit
AdvisorCo-founder & CEO, Cogniquest
Girish Kerodi
AdvisorCo-founder & Chief Business Officer, Cogniquest
Dr. Ram Ramdas
AdvisorCo-founder & Chief Evangelist, WonderLend Hubs
Rajesh Iyer
AdvisorCo-founder & CEO, WonderLend Hubs
Arvinder Singla
AdvisorCo-founder & CEO, Sign3
Amit Chahal
AdvisorCo-founder & Chief Data Scientist, Sign3
Ashutosh Singh
AdvisorCo-Founder & CEO, RevRag AI
Neeraj Gupta
AdvisorCo-Founder & CPO, RevRag AI
Pankaj Gupta
AdvisorCo-Founder & CTO, RevRag AI
Vijaypal Singh
AdvisorCo-Founder & CEO, Karta AI
Abhishek Kushwaha
AdvisorCo-Founder, Karta AI
See every PMS strategy and AIF from Cedar-IBSI.