BCG Digital Ventures enlists alumni Amit Rai as Managing Director

01 September 2021 2 min. read
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Amit Rai has returned to BCG Digital Ventures, having left in 2018. The firm’s Global Managing Partner Stefan Gross-Selbeck said his knowhow will help as the company looks to scale and innovate with the world’s leading organisations.

“It is always exciting when BCGDVers depart to join one of our ventures full time as Amit did, but it’s even more exciting when they decide to ‘boomerang’ back to the fold,” added Gross-Selbeck. “In the last seven years, we’ve launched more than 160 new digital businesses around the globe, and Amit’s impressive track record and skillset will be instrumental.”

In 2014, Boston Consulting Group (BCG) launched a distinct digital label: BCG Digital Ventures. With this label BCG launched a separate practice to combine its consulting, design, and technology services aimed at digital transformations. This has positioned the firm well to tap into growing demand for digital consulting services across Europe, in response to challenges including climate change and the Covid-19 pandemic.

According to a release from BCG Digital Ventures, the last 12 months were its “most successful to date.” As the firm continues to expand its offering across Europe, Rai joins as Managing Director and Partner – returning to the company he previously spent one year with the firm as Venture Architect Director. In that time, he led teams of product managers, engineers, designers, strategists and growth experts to imagine, build and launch market-disrupting businesses.

Prior to life with BCG Digital Ventures, Rai was educated at Harvard (MBA with High Distinction) and The Indian Institute of Technology. His career began at Microsoft before joining McKinsey & Company where he led project teams at technology clients across the US and Europe. He went on to manage Nokia’s global marketing strategy, before working in HERE’s London and Berlin offices, leading marketing across EMEA and APAC and product development within the Consumer division.

For the past four years, Rai was CEO of London based MachineMax, an analytics service assisting construction and mining companies with machine productivity and profitability. Under his leadership, MachineMax transformed the heavy equipment industry, with the firm eventually managing more than $300 million of assets in construction, mining, and industrial companies. Shell took ownership of the company in July 2021, at which point Rai opted for a new challenge.

Speaking on his return, Rai remarked, “The last four years have been a dream come true for a business builder like me – taking an initial idea and turning it into a hugely successful business which has changed the world, won awards and left a lasting legacy. Now, I’m looking forward to re-joining the BCGDV team and using my unique blend of insider knowledge and experience to help fuel the next wave of venture success stories.”