Dipa is a cofounder and managing partner at Valeo Ventures. Valeo is the exclusive investment manager for Cobalt Ventures, the strategic venture capital arm of Blue Cross and Blue Shield of Kansas City. She sits on the boards of Bicycle Health, Handspring Health, MedArrive, OncoHealth, and Spectrum.AI. Valeo is building a new venture capital fund partnering with hospital systems and health plans to create bespoke corporate venturing vehicles.

Dipa formerly led Corporate Development and Ventures group at Advocate Health Enterprises (AAE), an Advocate Health subsidiary that aims further the AH mission to help people live well by advancing innovative solutions that go beyond traditional clinical care. She led investments into Foodsmart, Xealth, and acquisitions into companies helping seniors to age in their home for longer. Dipa was also previously a managing director at Sandbox Industries, a venture capital firm which is the investment manager to the Blue Venture Fund. During her time at Sandbox, Dipa served on the boards of Contessa Health, Upward Health, Oncology Analytics, AbleTo, and Lumiata. Prior to Sandbox, Dipa was at Amgen Ventures, the corporate venture fund of Amgen. Dipa started her career in the Global Healthcare Group at UBS and the Healthcare Fund at Paul Capital Partners, which invested in late-stage pharmaceutical and biotechnology companies.

Dipa holds a BS from the New York University Stern School of Business and an MBA from Chicago Booth where she received the Chicago Booth Leadership Award of Distinction. She has also completed the Kauffman Fellowship, a prestigious two-year program for venture capitalists. Dipa is currently an investor in residence with the Polsky Center for Entrepreneurship at Booth where she advises students and teaches workshops.

Dipa lives in Chicago with her husband and twin boys.