The face of India’s new-age internet startups, who challenged the status quo of the traditional sup-ply chain management and business models, Praveen Sinha is a leading businessman and an angel investor
Shining star of the Indian startup ecosystem
He is the co-founder and ex-managing director of Jabong and managing director of leading tech based NBFC PinCap.
Alumnus of the the prominent Indian educational institutions such as the Modern School Delhi, Delhi College of Engineering and IIM Calcutta, Praveen Sinha initiated his career with Maruti Su-zuki Limited where he worked for five years.
He left Maruti Suzuki to pursue MBA from prestigious IIM Calcutta. Following the completion of his post-graduation in business, he joined McKinsey as a consultant. While working at the firm, he founded his first business venture AcquaBrim.
Praveen Sinha, managing director of FinTech firm PinCap, is a dynamic business leader. Credited for revolutionizing the Indian eCommerce market within months of co-founding Jabong, his successful career spans over two decades. From working as an executive at Maruti Suzuki to holding a top position at PinCap, he has come a long way to become a vibrant, farsighted, focused and leading entrepreneur.
As soon as Praveen graduated from Delhi School of Engineering (DCE), he was recruited by Maruti Suzuki India Pvt. Ltd. At the India’s largest PV manufacturer, Sinha worked for almost five years and was largely responsible for the general management. At Maruti Suzuki, he was exposed to multiple projects that ranged from brown field project implementation, power generation to sales and services.
He left Maruti Suzuki to join the institution of national importance — the prestigious IIM Calcutta, for pursuing MBA. At IIM-C, he gained a deeper understanding of business which later turned out to be a crucial chapter that shaped his life as an established entrepreneur in the future. After passing out from the institution, he worked at Mckinsey for few years.
The first entrepreneurial venture
While studying at IIMC, Sinha tried his luck as an entrepreneur for the first time. His first venture AquaBrim that provides automated solutions to the water management system turned out to be a success. Established as an experiment, the products of the firm such as flood and river monitoring systems are now used by Railways and multiple authorities across the nation.
Sinha continued to work for McKinsey where he handled some crucial transformational projects in India as well as Southeast Asia. AquaBrim, on the other hand, continued to expand owing to his sheer dedication and hard work. Finally, he left McKinsey to pursue his dream and the ambitious project — Jabong.
Laying the Foundation
Aiming at providing India an unexperienced service and unmatched quality of products through an online platform, Praveen Sinha founded Jabong along with his colleagues. After several sleepless nights due to a hectic work schedule and multiple obstacles, it was his sheer dedication and focused vision that led to the successful launch of jabong.com.
As the managing director of Jabong, Praveen Sinha was instrumental in establishing it as a popular lifestyle and online fashion store within a few months of its launch. His decade-long working experience across the three largest firms paved the way for unprecedented success. He was responsible for managing finance, supply chain, human resource, and administration of the firm.
After establishing Jabong as a popular brand, Sinha successfully exited the business post-acquisition of the firm by Myntra — a subsidiary of Flipkart. At present, he is the managing director of RBI registered Gurugram-based NBFC — PinCap. Praveen Sinha transformed the traditional NBFC into a tech-based alternative lending NBFC that focuses on bridging the debt financing gaps for MSMEs.
As a person who belongs to a modest family, Sinha firmly believes in returning back to the society all what he has received at different junctures of his life. An active angel investor, Sinha is helping several young entrepreneurs as a mentor to realise their dreams and help them in building businesses of scale.