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ProfitBoard Ventures To Infuse $100 mn in Startups Through Its Global Investor Consortium.

The New initiative of TaxMantra Global - ProfitBoard Ventures, investment arm of the banking firm will will assist early and growth stage startups in fundraising through its consortium of investors.

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New Delhi, October 2020:Taxmantra Global (TMG) has announced the launch of its standalone investment banking arm and private investment arm - ProfitBoard Ventures, to back technology enabled startups in India and SouthEast Asia.

Headquartered in Singapore,ProfitBoard Ventures is a highly curated growth-stage investment banking firm. It will assist early and growth stage startups in fundraising through its consortium of investors. ProfitBoard Ventures has already onboarded a consortium of global investors to inject $100 mn funding into selected startups in the next 18 months.

“Inadequate capital is the number one roadboack on the path to scale from idea stage, this is where ProfitBoard Ventures will offer quality capital and much required hand-holding to early and growth stage founders. Our medium term 3-year goal is to nurture 100+ startups from India and Southeast Asia”,said Mr Alok Patnia, the Managing Partner of ProfitBoard Ventures

ProfitBoard Ventures, TMG’s standalone investment banking and private investment arm, was created to bring its startup funding, deal structuring and merger and acquisitions activities to core focus. TMG has assisted in 100+ deals in the last 3 years translating to about $180M funding in its existing portfolio of startups.

It is pertinent to note that by the end of year 2019, India stood as the 3rd largest start-up ecosystem in the world, with 26 unicorns.  In the year 2020, COVID-19 became another blackswan event, with a decline in overall investments, especially in April to June 2020 -48% YoY decline in funding.. The decline was even more in early stage and seed investments - a decrease of more than 50% in Q2 of 2020.

The post COVID scenario, however, looks bright for the startup ecosystem especially for technology enabled startups.  Investments are expected to reach pre-COVID levels by the end of 2020. Median ticket size for seed and early stage startups are expected to increase. With the shift towards digitization and remote working, deep tech,edtech, health-tech, AI/ML startups would definitely have an edge.

Startups would be required to share their Business Plans on ProfitBoard Venture’s platform, which has been specifically curated to focus on startups from India and Southeast Asia. The plans would be reviewed by Profitboard’s global advisory board and the selected startups will get a chance to pitch their businesses to the ProfitBoard Consortium of global investors in a Virtual Hot Pitch.


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