Seeders, a Kolkata-Based Funding Network, Invest in 24 Start-ups per Year
Seeders, an early stage investment network, announced seed funding for five startups: SafetyConnect, Adloid, Kaizen, Sanfe, and Bhyve
The financing was finished in the first half of FY22. Seeders intends to expand the number of agreements to 24 each year in order to maintain the momentum.
Seeders, based in Kolkata, is led by Abhishek Rungta, CEO of INT. ; Pallav Nadhani, Founder of Charts.com; Alkesh Agarwal, Founder of Re-feel; Parthiv Neotia, Director of AmbujaNeotia Group; and Srish Agrawal, Founder of A1 Future Technologies.
This organisation has invested in over 100 firms and watched several spectacular exits over the previous decade, with an emphasis on IT startups founded by Indian entrepreneurs. Agritech, deeptech, spacetech, SaaS, and D2C firms are among the companies in its target market category. CropIn, Plivo, Chingari, trell, Agnikul, and BluSmart are among the leading startups in the portfolio. Seeders plans to spend between Rs. 1 and Rs. 2 crores in each project. This network allows less experienced conventional investors to participate in syndicates with smaller check amounts.
The network's strength is in its ability to have a long-term benefit by providing mentorship, direction, and industry contacts. Alkesh Agarwal said, "seeders is a high impact network created by the founders, for the founders. Having been there and done it ourselves, not just help us identify great startups but also enable us to guide them in their journey of growth & scale. Our investment thesis is centered around great founders who are committed & passionate enough to redefine the future."
In less than ten months, the Indian startup ecosystem has seen more than USD 23 billion invested and over 35 unicorns added. The current Covid issue has hastened the speed of change and put existing functions and procedures to the test across all sectors and domains.
Srish Agrawal said, "we are witnessing massive adoption of digital across the country enabling faster market penetration and reach for GenZ business models. We are sure to see more investors coming to the high-risk high-return angel funding space and being the early movers, we are thrilled to contribute and be at the forefront of this revolution”.
The financing was finished in the first half of FY22. Seeders intends to expand the number of agreements to 24 each year in order to maintain the momentum.
Seeders, based in Kolkata, is led by Abhishek Rungta, CEO of INT. ; Pallav Nadhani, Founder of Charts.com; Alkesh Agarwal, Founder of Re-feel; Parthiv Neotia, Director of AmbujaNeotia Group; and Srish Agrawal, Founder of A1 Future Technologies.
This organisation has invested in over 100 firms and watched several spectacular exits over the previous decade, with an emphasis on IT startups founded by Indian entrepreneurs. Agritech, deeptech, spacetech, SaaS, and D2C firms are among the companies in its target market category. CropIn, Plivo, Chingari, trell, Agnikul, and BluSmart are among the leading startups in the portfolio. Seeders plans to spend between Rs. 1 and Rs. 2 crores in each project. This network allows less experienced conventional investors to participate in syndicates with smaller check amounts.
The network's strength is in its ability to have a long-term benefit by providing mentorship, direction, and industry contacts. Alkesh Agarwal said, "seeders is a high impact network created by the founders, for the founders. Having been there and done it ourselves, not just help us identify great startups but also enable us to guide them in their journey of growth & scale. Our investment thesis is centered around great founders who are committed & passionate enough to redefine the future."
In less than ten months, the Indian startup ecosystem has seen more than USD 23 billion invested and over 35 unicorns added. The current Covid issue has hastened the speed of change and put existing functions and procedures to the test across all sectors and domains.
Srish Agrawal said, "we are witnessing massive adoption of digital across the country enabling faster market penetration and reach for GenZ business models. We are sure to see more investors coming to the high-risk high-return angel funding space and being the early movers, we are thrilled to contribute and be at the forefront of this revolution”.
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