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§ Venture Capital · Bengaluru, Karnataka, India
MEMG Family Office serves as the principal investment vehicle for Ranjan Pai, deploying capital across healthcare, e-commerce, and technology. It makes direct investments in startups and venture capital funds, primarily fostering growth and innovation within the Indian market through active involvement with portfolio companies.
Ranjan Pai established MEMG Family Office in 2016 to manage his investments, building on a significant family legacy. His grandfather, T.M.A. Pai, founded the Manipal Group in 1953, a pivotal entity in Indian education and healthcare. Ranjan Pai himself earlier transformed the Manipal Education and Medical Group into a prominent leader before formalizing this dedicated investment arm.
The family office primarily backs promising companies, often founded by graduates from Indian universities. Its vision is to deploy patient capital and strategic guidance to cultivate innovation and scale impactful solutions within its target industries, strengthening India’s entrepreneurial ecosystem.
Ranjan Pai's family office MEMG has 1 tracked investment across 1 company. The latest tracked deal is $1.6M Pre-Series A in Planys Technologies in November 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 16, 2021 | Planys Technologies | $1.6M Pre-Series A | — | Senapathy Gopalakrishnan, Keiretsu Forum, Ongc Startup Fund, Shell Ventures |