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eBay veteran Rajiv Dutta joins Elevation Partners

Elevation Partners, a private equity firm focused on large-scale investments in consumer and technology businesses, has hired Rajiv Dutta as a managing director.

Dutta (pictured) brings to Elevation more than 25 years of senior operational and investment experience in consumer and technology businesses.

Most recently, he served as executive vice president of eBay and president of eBay Marketplaces.

In his new role, Dutta will work with Elevation’s five co-founders and the rest of the Elevation team to evaluate investment opportunities, advise the senior management of Elevation’s portfolio companies, and drive the overall strategy of the firm.

Fred Anderson, managing director and co-founder of Elevation, says: “I have known Rajiv and worked closely with him at eBay for many years. We are thrilled to have someone with his phenomenal track record join our team. His operational and financial experience, extensive network of contacts, and flawless reputation as a leader of innovative internet businesses will be huge assets to our firm going forward.”

Dutta says: "I’m excited to be joining an extremely talented group of people at Elevation. The firm is creating value for investors through operational transformation of technology-centric consumer businesses. The implementation of strategy, talent, and operational excellence are my core competencies and made Elevation a natural fit for me. I am looking forward to working with the team, having fun along the way, and making a big impact in the world of consumer technology."

Dutta was also president of PayPal and Skype, which under his tenure were the two fastest growing divisions of the company. In addition, he served as eBay’s chief financial officer.

Prior to eBay, Dutta spent ten years at Bio-Rad Laboratories, a life sciences and clinical diagnostics company, in a variety of leadership roles across the world.

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