Kirthiga Reddy

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Kirthiga Reddy
Krithiga Reddy.png
Born1971 (age 52–53)
Chennai, India
Occupation(s)Venture Partner
SoftBank Group
SpouseDevanand Reddy
Children2 daughters

Kirthiga Reddy (born c.1971) is an Indian-American businesswoman. She is the founder and CEO of Virtualness and the President of Athena SPACs. [1] [2]

Contents

She was a venture partner for SoftBank's US$100 billion Vision Fund. [3] [4] Reddy was SoftBank's first female investing partner and the former managing director of Facebook India. [5] [6] [7]

She has the distinction of being the first employee of the social media giant in India and has been one of the leading forces behind the company's expansive growth in the country. [8]

In 2011, she became Fortune India's Top 50 Most Powerful Women and also has been placed among India's 25 most influential women. [9] [10]

Career

Reddy grew up in India. Born to middle-class parents, her father was a government employee. She finished her Bachelors in Computer Science and Engineering from MGM'S College of Engineering, Nanded under Dr. Babasaheb Ambedkar Marathwada University, Maharashtra and stood second. [11] After her graduation, she moved to Nagpur along with her parents and then briefly worked helping Yashavant Kanetkar with the programming examples in his books to illustrate key concepts. [12] She then moved to United States and did her Master's in business administration from Stanford University and an M.S. in computer engineering from Syracuse University. [13]

Reddy has worked with established companies such as Silicon Graphics and Motorola. During her tenure at Silicon Graphics, she was the youngest director of engineering and the only woman at that level in her team. In 2008, Reddy moved back to India and started working with the US-based Phoenix Technologies. [12] [14]

In July 2010, Reddy Joined Facebook. [15] [16] As the first employee of the company in the country, not only did she start the India operations from scratch but also had to actually open the office shutters on day one. Under her leadership, Facebook India has managed to not only grow its user base but also made significant contribution to its global business through ad sales with major tie-ups like Coca-Cola India and Yepme. [12]

A day after shutting down 'Free Basics' scheme in India, Reddy announced her decision to step down from her post and relocate to the United States in six to twelve months. [17] [18]

On 12 February 2016, In her post in Facebook, she wrote:

"When my family relocated to India, we knew that we would move back to the US some day. It's a bittersweet moment to share that the return timeframe is coming up in the next 6-12 months. Our two daughters start high school and middle school this coming year— which serves as a natural transition point to make this move back"

Personal life

She is married to her husband Dev and has two daughters - Ashna and Ariya. [12]

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References

  1. ↑ "Virtualness" . Retrieved 23 April 2023.
  2. ↑ "Athena". www.athenaspac.com. Retrieved 23 April 2023.
  3. ↑ "Ex-Facebook exec Kirthiga Reddy becomes first female investing partner at SoftBank's Vision Fund". TechCrunch. 7 December 2018.
  4. ↑ "Kirthiga Reddy - Venture Partner, Americas". SoftBank Group . Retrieved 11 July 2019.
  5. ↑ "SoftBank Partner: Fundraising 'Environment Has Changed'". Fortune. 5 June 2019.
  6. ↑ "Facebook India's managing director Kirthiga Reddy steps down". The Times of India . 12 February 2016.
  7. ↑ "Facebook India head Kirthiga Reddy steps down". The Hindu . 13 February 2016.
  8. ↑ "Buying likes is not a valid business model: Kirthiga Reddy, FB India head". Economic Times. Archived from the original on 2 March 2014. Retrieved 4 February 2014.
  9. ↑ "Fortune lists women in power". telegraphindia.com. Archived from the original on 17 December 2014. Retrieved 5 July 2016.
  10. ↑ "India's 25 most influential women". India Today.
  11. ↑ "Kirthiga Reddy - LinkedIn". linkedin.com. Retrieved 5 July 2016.
  12. 1 2 3 4 "Creating your own choices is the way to excel in personal and professional matters". The Economic Times. 14 September 2015. Retrieved 14 September 2015.
  13. ↑ "Kirthiga Reddy: The face behind Facebook- Business News". intoday.in. 30 April 2011. Retrieved 5 July 2016.
  14. ↑ Gunjeet Sra. "Face to face with Kirthiga Reddy". India Today. Retrieved 11 November 2011.
  15. ↑ "Facebook Appoints Kirthiga Reddy As Head Of Indian Operations". Medianama.com. 15 July 2010. Retrieved 16 July 2010.
  16. ↑ E. Kumar Sharma (30 April 2011). "Digital diva". Business Today. Retrieved 15 May 2011.
  17. ↑ "Kirthiga Reddy steps down as Facebook India managing director". Firstpost. 12 February 2016. Retrieved 12 February 2016.
  18. ↑ "Facebook says India MD Kirthiga Reddy's US move not linked with Free Basics". The Indian Express. 14 February 2016. Retrieved 5 July 2016.
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