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A complete of 20 Indian start-ups – all portfolio firms of Agility Ventures, a world angel investor community – raised over one million {dollars} cumulatively on the recently-concluded GITEX International occasion at Dubai.
In the course of the week-long tech expo, which is held yearly at Dubai, these start-ups additionally revamped 50 potential enterprise connections and managed to bag greater than $100,000 value of potential enterprise.
A number of the start-ups that obtained important curiosity on the expo embrace BattRe, Kidbea, Brainwired, Fixigo, Glamyo Well being and Marj Tech. Additional, the raised funds will likely be utilised by the start-ups to develop operations, enter new markets and launch new merchandise.
Agility Ventures was launched in June 2020 by angel investor Dhianu Das and chartered accountant Prashant Narang as an open platform for brand spanking new traders, who might find out about start-up investing and angel investing. The intention was to democratise angel investing and permitting potential traders to expertise a brand new asset class – start-ups.
Agility has obtained approval from capital markets regulator Securities and Alternate Board of India (Sebi) for a Class 1, AIF – Various Funding Fund — for a ₹450 crore fund and because the begin of the yr is investing by way of the identical in lots of start-ups.
Unfold throughout over 25 chapters in India, Canada, the UAE, Australia and the UK, Agility at the moment has a community of over 2,500 angel traders from throughout the globe and over 35 start-ups underneath its banner.
It invests in high-growth, early-stage start-ups throughout sectors reminiscent of training, expertise, healthcare, electrical automobiles, robotics, agri-tech and manufacturing. A number of the portfolio firms embrace Glamyo Well being, Battre, Energy Gummies, FlipHealth, Gobbly, Pumpumpum, Self-importance Wagon, SkyeAir, Monrow and Tagz.
“The success of our portfolio firms at this international occasion is testimony of our start-up choice course of and nurturing,” stated Das, Co-founder, Agility Ventures.
Extra importantly, he additional added that whereas this yr 20 portfolio firms of Agility participated within the international expo, the community goals to ship at the least 50 start-ups within the subsequent version of the occasion, which supplies tech start-ups the chance to community with the ecosystem, potential traders in addition to authorities businesses.
Additionally learn: Tax incentives and breaks may help start-ups innovate: NASSCOM report
Additionally learn: Indian Angel Community takes a step nearer to backing 500 start-ups with new Rs 1000 cr fund
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