Angad Banga

Angad is a General Partner at Sorin.

A finance pro, he ensures smooth functioning of The Caravel Group as the Chief Operating Officer. He is a vital member of the institution’s Management, Investment, Risk and Credit committees. In addition, he is responsible for over-arching corporate planning and overseeing strategic investments, treasury management, and driving innovative digital strategies.

Angad serves on the Board of Directors of Fleet Management Limited and several other companies in The Caravel Group’s portfolio. He is the Chairman of the Hong Kong Shipowners Association, and was a Member of the Hong Kong Maritime and Port Board for two consecutive terms, ending in March 2024. He is part of the City University of Hong Kong’s School of Data Science Advisory Committee.

As Nykaa’s first external investor, Angad played a critical role in steering the company from their Series A fundraising to their November 2021 IPO. Preceding his role with The Caravel Group, Angad was a Principal with KKR, focusing on LBO transactions across the APAC region.

Angad received his AB with Honors in Economics from Dartmouth College. He recently served on Dartmouth’s Board of Visitors of The John Sloan Dickey Center for International Understanding, and on its Presidential Commission for Financial Aid.