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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.
Throughout 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 price of potential enterprise.
A number of the start-ups that acquired important curiosity on the expo embody BattRe, Kidbea, Brainwired, Fixigo, Glamyo Well being and Marj Tech. Additional, the raised funds will probably be utilised by the start-ups to increase 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 new buyers, who might find out about start-up investing and angel investing. The purpose was to democratise angel investing and permitting potential buyers to expertise a brand new asset class – start-ups.
Agility has received approval from capital markets regulator Securities and Trade Board of India (Sebi) for a Class 1, AIF – Different Funding Fund — for a ₹450 crore fund and because the begin of the yr is investing by means of the identical in lots of start-ups.
Unfold throughout over 25 chapters in India, Canada, the UAE, Australia and the UK, Agility presently has a community of over 2,500 angel buyers from throughout the globe and over 35 start-ups underneath its banner.
It invests in high-growth, early-stage start-ups throughout sectors comparable to schooling, know-how, healthcare, electrical automobiles, robotics, agri-tech and manufacturing. A number of the portfolio firms embody Glamyo Well being, Battre, Energy Gummies, FlipHealth, Gobbly, Pumpumpum, Vainness Wagon, SkyeAir, Monrow and Tagz.
“The success of our portfolio firms at this world 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 world expo, the community goals to ship no less than 50 start-ups within the subsequent version of the occasion, which offers tech start-ups the chance to community with the ecosystem, potential buyers in addition to authorities businesses.
Additionally learn: Tax incentives and breaks can assist 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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