Devesh Papney's path into venture investing is unusual because he moved from risk and technology work at RBS into investment banking at Avendus, where he handled private equity and M&A deals in consumer and digital businesses, before focusing on both consumer brands and consumer/enterprise tech across Asia. He's known for a careful, fundamentals-first approach to evaluating direct-to-consumer companies, looking closely at things like profitability, supply chains, and customer retention, and he also invests personally in startups alongside his work at Unilever Ventures.
About their Fund
Sectors
Consumer, CPG / D2C, Ecommerce, Enterprise, Health
Rounds
Series B+
Avg Check Size
Notable Investments
Unilever Ventures is a beauty and wellness venture fund launched in 2002 that runs independently from Unilever's own M&A team, so a future sale to Unilever is possible but never required, and it invests not only in beauty and wellness but also commerce/enabling technology and B2B/enterprise technology. Its team blends hands-on beauty operators with longtime Unilever finance and deal experts, focuses on newer categories like menopause, scalp care, microbiome care, longevity, and teen skin, and works closely with consumer startup founders—especially in India—offering guidance from manufacturing all the way to the end customer.
Other partners at the fund
Notable Fund
Investments
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