Ameya

Ameya invests in disruptive organizations creating economic opportunity for people in emerging markets with a focus on Africa. A venture partner, Ameya is based in London.

Previously, Ameya worked out of Omidyar Network’s Mumbai office, where he co-led several of the firms’ early Financial Inclusion investments in India. Prior to joining Omidyar Network in 2012, Ameya was a consultant at Bain&Company, where he worked with telecommunications and IT providers in India, improving their operational efficiency and developing acquisition strategies. As part of Bain’s private equity practice, he advised clients on potential investments in the tech, media, and telecom sectors.

Ameya received a B.S. in engineering from the Delhi College of Engineering and an MBA from the Indian Institute of Management Ahmedabad.

In The News
Research
research
State of African Founder Wellbeing Survey 2024
This Flourish research is based on a survey of approximately 200 startup founders across 13 African countries, diving deeply into the stresses and challenges they navigate on their startup journeys and how they cultivate resilience.
Blog
featured
Ameya Upadhyay Q&A with The Cable: Investment Projections, Startup Founder Wellbeing and Financial Sustainability
Keen on creating a better financial system in Africa, Flourish Venture Partner Ameya Upadhyay spoke with TheCable’s Desmond Okon on emerging trends within the African ecosystem that promote financial sustainability, and how startups can leverage...
Events
frontier technology
Flourish Focus: Zone on How Blockchain Can Redefine the Payment Infrastructure in Africa
Flourish Venture Partner Ameya Upadhyay interviews Obi Emetarom, Co-founder and CEO of Zone, a startup that offers a permissioned, proof-of-authority blockchain that is fully licensed by the Central Bank of Nigeria. Zone enables banks and...
Blog
news
Ameya Upadhyay Interview in Condia: Tough Times Don't Last—Tough Startups Do
by Andrew Christian of Condia, a leading tech publication in sub-Saharan Africa In an era marked by unprecedented challenges, the landscape on which startups and venture capitalists operate has become more daunting. Economic uncertainty has...
Blog
blog
Why We Invested in Zone: Redefining How Payment Infrastructure Works in Africa
If trying to pay via a POS machine, the odds of transaction failure are roughly 1 in 6. At the heart of these transactions is a switch – a system that works behind the scenes...
News
featured
TechCabal Profile: Blockchain Payments Startup Zone Raises $8.5m in First Funding
Zone, a Nigerian blockchain startup that helps banks and fintechs process payments, has raised $8.5 million, its first VC funding since it became a standalone business in 2022. Until 2022, Zone was part of its...
News
featured
[Disrupt Africa] Why has African tech startup funding declined so badly, and what happens now?
After bucking global trends in a record-breaking 2022, African tech saw a reset of sorts in 2023, as the global capital shortage began to bite. The number of funded ventures, and the total funding raised,...
News
founder wellness
[Inc. Magazine] Founders Must Prioritise Mental Health
Entrepreneurial journeys are challenging. There are peaks of extreme happiness and moments of utter despair. Inc.Africa has been on its startup journey and frequently writes about emerging entrepreneurs, so I wanted to understand an investor’s...
News
founder wellness
[TechCrunch] Capital crunch shines light on the importance of founders’ mental health
Mental wellness goes hand-in-hand with innovation and success. For investors then, this needs to be a focus of investment, as risk exposure is also in the wellness of the founder.
News
opinion
[Techbuild.africa] Corner Stores – An Essential Sales Channel Across – Are Evolving With Digital Tools
In many African countries, corner shops are woven into the fabric of local communities. Their role in the economy is often underestimated.
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