Praveen Sinha Jabong Cofounder, Pincap MD and Angel Investor Biography
Praveen Sinha has made a name for himself as a serial entrepreneur and an angel investor in the last decade in India. The current Managing Director of Pincap, Sinha was one of the men behind the meteoric rise of Jabong.com, paving the way for many unicorns to emerge from the Indian startup ecosystem. His rise as one of India’s most prolific entrepreneurs coincided with the startup boom in India.
Praveen Sinha Pincap Md, born in New Delhi, was the youngest of 4 siblings and from a very young age, he aspired to build something of his own.
He completed his schooling from Modern English School, New Delhi, and then earned his engineering degree from the Delhi College of Engineering. Post engineering, he joined Maruti Suzuki as a Deputy Manager. 5 years down the line, he decided to enroll for an MBA at IIM, Calcutta.
While pursuing his MBA, Praveen Sinha set up his first business – AquabrimPvt. Ltd which provides automated solutions for effective water management. Today, the company serves a number of residential and industrial projects including prominent clients like the Indian Railways.
Praveen later became one of the youngest to receive the ‘Distinguished Alumni’ titles from IIM Calcutta. During his internship at Microsoft, Sinha met his wife Shayal Taunk and convinced her to date him by the end of their stint at Microsoft.
They later got married in 2012. In 2014, he helped his wife and mother in law start an online art gallery, Anasha Art. Before starting Jabong in 2011, Praveen Sinha also had a 3-year stint at McKinsey and Company.
One of the most inspiring startup stories in India has to be Jabong’s parabolic rise as the darling of Indian fashion e-retail, where Praveen Sinha led multiple functions such as supply chain management, finance, human resources, and organizational administration.
Under his astute leadership, Jabong has won coveted awards such as Pure-Play eRetailer of the Year at Indian eRetailer awards 2013, Excellence in eCommerce by Etailing India Expo 2013 and “Online Retailer of the Year” by Etailing India Exhibition 2014.
In 2014, Sinha was selected in the ‘40 under 40’ compilation by Fortune India that lists entrepreneurs who successfully turned their idea into a major profitable business.
The way Praveen Sinha built Jabong block by block, is an inspiring success story for many up and coming entrepreneurs. After concluding a successful exit from Jabong Praveen Sinha went on to set up Pincap, an RBI registered new-age NBFC firm based in Gurugram.
Through Pincap, Sinha offers financial solutions to SMEs and upcoming entrepreneurs to help them scale and build their business.
As an angel investor, Praveen likes to go out of the way and mentor startups which he connects with and thinks can solve existing bottlenecks in the industry. He also advises many VCs on strategic investments in India and is an external member of the Committee of Startups (COS) which is a part of the PSU fund to invest in startups.
Sinha believes in educating and inspiring young minds to pursue entrepreneurship. He shares the experiences of his startup story with the students of institutes such as IIM, Delhi Technological University, XLRI, Delhi University amongst others.