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We didn't go into the market with a blind pool: Siddharth Parekh & Sumeet Nindrajog

Interview with Co-founders, Paragon Partners

Siddharth Parekh, Sumeet Nindrajog
Paragon Partners founders Siddharth Parekh (left) and Sumeet Nindrajog

HDFC Chairman Deepak Parekh’s younger son, Siddharth Parekh, and serial entrepreneur Sumeet Nindrajog are co-founders of private equity firm Paragon Partners. They recently raised $50 million in commitments, the first close of their $200-million fund. The childhood friends say announcing the first close is crucial for them as this is their maiden attempt. They talk to Shivani Shinde Nadhe about the focus, challenges in raising their first fund and the maturing domestic investor. Edited excerpts: It has taken seven months to get the first close since you announced the launch of your ...