Early Startup Funding in India gets a boost with the launch of Cap70 Angels
India, Dec 26, 2022: Cap70 Angels, a platform for funding early-stage entrepreneurs, was launched today to enable the ones having the potential to grow and the capability to create disproportionate value. The objective is to partner with entrepreneurs, who can create significant socio-economic impact along with significant financial returns and outperform growth. It aims to be a partner of choice for business owners and management teams who are motivated to achieve their full potential and contribute significantly in the ecosystem.
Cap70 Angels consists of members from the realm of entrepreneurship having a strong operational experience of creating new and successful ventures. The founders and the core team consists of angel investors, mentors, industry leaders and people who have been closely associated with the startup eco-system for a long time. The founders have collectively carried out financial appraisal and transactions worth USD 5 Billion across 900+ start ups and SMEs.
Some of the key parameters, based on which the start-ups would be evaluated, include innovation, scalability, leadership, passion, technological involvement, market and competition, revenue and traction. From the investor’s perspective, this will give an opportunity to enable them to create wealth, share their valuable experiences with the founders, promote entrepreneurship, opportunities for networking, visibility and recognition. The current portfolio includes start-ups in Food-tech, Fintech, Edu-Tech and Community-Tech. The platform would provide investment leads in connecting potential startups with right investors, advise business strategies to forge an accurate path for startups, provide a huge network for business growth and deliver relevant marketing tactics to capture consumer’s behavior and intent.
Sharing her thoughts on the occasion, Ms. Namrata Thakker, Co-founder & COO, Cap70 Angels said, “The launch of Cap70 Angels provides a great opportunity for passionate entrepreneurs to make their dreams a reality. This will help the founders create something extraordinary from scratch, which takes nothing short of excellence and we get to do that repeatedly across companies in different fields. The platform will help promising start-ups with their deal cycle and can connect them with the right set of investors. It’s exciting to see how networks become game changers when they come together to help”. Ms. Namrata is an Australian citizen, Business Evangelist, and a seasoned community builder. She is the founder of Entrepreneur Excel, which is a global community of 80000+ Founders with the core purpose to create an enriched community and empower them in all dimensions of life.
Mr. Anil Goyal, a Seasoned Chartered Accountant and IIM Bangalore certified Business Strategies, is another Co-founder and Chief Mentor at Cap70 Angels. Operations of Cap70 Angels are well supported by a highly passionate team led by Co-founder & investor Mr. Aswin Kumar. The other key investors and mentors are Mr Debasish Mallick (former DMD, Exim Bank), Mr BL Agarwal (Senior Chartered Accountant), Mr. R.K. Vijayan (former official, Dena Bank).
Cap70 Angels had recently organized an event called Cap70 Sharks in association with Yes Bank, which was held at Yes Bank Head Office in Mumbai. The objective of the event was to present eligible startups, which have potential to grow. These Start-ups were curated after a detailed due diligence carried out by the Cap70 Angels Team. There were about 150 elite entrepreneurs participants including fifteen Investor Sharks who attended the event. Out of the 7 startups, who presented their business to Sharks, two of them were selected for funding process. The first startup is Kwyk, a saas based platform, which helps start-ups and small business owners to take their business online and interact directly with their customers through integrated platforms. The second startup is Chaatwich, which is a Food-chain store, providing chaat items, keeping the same taste as available on the street with more hygiene and better environment. The company currently has 9 outlets in Mumbai and Navi Mumbai and they propose to start their operations in other parts of the country.
Start-ups have emerged as a highly dynamic and vibrant sector of the Indian economy since the last couple of years. With its agility and dynamism, the sector has shown admirable innovativeness and adaptability to survive in the recent economic downturn as a result of the Covid Pandemic and have lots of opportunities to grow in the future. The start-up landscape in the country has become the epitome of innovation with some of them bringing out solutions to the local and regional problems. However, to stimulate their growth and enable their journey, they require appropriate market access and funding which is one of the initiatives being undertaken by Cap70 Angels.