Javascript on your browser is not enabled.

Advertisement

Attention Startups Looking for Cash: Sandeep Aggarwal is Investing Rs 20 Cr

The serial entrepreneur and angel investor is looking to fund about 12 startups by end of 2017

Photo Credit : indianweb2.com,

The man whose favourite hobby seems to be identifying and encouraging the growth of innovative ideas, has now announced plans to invest Rs 20 crore in 9 to12 startups by the end of this year. Ventures in high potential areas like healthcare, tech and retail can look forward to the patronage and mentorship of Sandeep.

Sandeep Aggarwal, who has already invested in 7 startups across various industry verticals is looking to expand his investment portfolio by entering the data science app development arena as well. Dekoruma, Wydr, Shopsity (acquired by Paytm), Data Guise, Give Club, Duriana and Curo Healthcare have all received funding during the past few months.

While Wydr, Shopsity and Curo Healthcare are Indian companies, the rest mostly belong to South East Asian markets and the Silicon Valley. He has also promised to invest more in interesting business ideas coming from tier 2 and 3 cities in India to encourage entrepreneurship and innovation in these areas. Sandeep invested  $500,000 in 2016 and there is a 6x increase in investments this year.

Sandeep Aggarwal, commented, “The current health and success of Droom owes a lot to the faith bestowed upon me by my early-stage investors and the funding received from them. As an early-stage entrepreneur, I often felt helpless myself at the lack of funding and mentorship during the most crucial phases of my business. I have always strived to provide young entrepreneurs the necessary resources and guidance required to let them realize their vision. This year, too, will be no different and I will ensure in my personal capacity that no great idea is nipped in the bud due to lack of capital or the right guidance.”

While most Indian entrepreneurs are looking to consolidate their funds rather than investing them in other ventures, Sandeep seems to frequently keep investing in ideas that he finds interesting and even keeps a tab on the markets of foreign shores, as evident in his decision to invest in Dekoruma, one of the strongest home-décor platforms in Indonesia.

The serial investor has time and again stressed on the extremely important role technology plays in businesses of today and highly regards the possibilities of a tech-driven business to turn big. High-energy, passion, long-term vision, ability to take risks, the art of prioritization and austerity along with the ability to implement technology well are some of the attributes Sandeep believes to be important for entrepreneurial success.


Tags assigned to this article:
sandeep aggarwal angel investor funding for startups

Around The World

Advertisement