Angel Investment into startups is a New Emerging Asset Class. Every month Vcats Nagpur unit of Venture Catalysts Mumbai present such startup before Angel Investors to attract investment for startup.
CA Poonam Khandelwal informed that this was Venture Catalysts 11th pitch in Nagpur in which more then 75 Angel Investors were present. The 3 startups were from Mumbai & Ahmadabad. They presented their unique business ideas to Angel Investor.
B.C.Bhartia, the mentor of VCAT Nagpur said that Indian Economy can ascelerate at a fast pace if startups are funded through Angel Investors. Vcats Nagpur is spreading the education and knowledge about startup in different cities of Vidarbha. Already awareness programs in Nagpur, Akola and Amaravati have been conducted.
In this months startup First Startup was ERP SaaS products for the healthcare industry. On behalf of company Mr. Dr. Amit Gupta from Ahmadabad Co-Founder made presentation. He said that it is Founded by an MD in Radiology and ISB alum, this startup integrates all stake holders in the diagnostic value chain through a common technology platform. Their products and services are focused on unorganized diagnostic labs in Tier 1 and Tier 2 cities. They help in standardizing lab offerings and empowering them to sustain against the organized market. He informed that company’s Revenue in 2018-19 stood at 6.26 crores with the venture being cash positive.
The Second Startup was Co-working Kitchen Space for Food Business Operators. The company was represented by Co-founder Sumit Gupta from Mumbai.This startup envisions to eliminate all the challenges faced by a Food Business Operator while starting a new restaurant, Delivery kitchen or QSR by providing licensed premises with a plug and play kitchen in a strategic location, food storage and housekeeping services.
He further informed that the startup is currently operating one unit in Mumbai with 30+ customers in pipeline for the upcoming units. With cloud kitchens on the rise, this startup provides a smart and cost effective alternative to traditional kitchen operations. The founders have 10+ years of experience in hospitality and customer service.
The third Startup was into Herbal – All naturnal energy drink. The presentation was made by Mumbai baed Co-founder Rahul Manek. This startup is a herbal – all natural energy drink with instant energy boost, targeted at working class consumers. The drink is conceptualized to fill the energy gap that the average Indian faces.The company is started by ex-Partner at Reliance PE, and he has built a team with deep domain expertise. Currently he has investment commitment from one of the India’s largest FMCG distributors.
After the presentation there was a lively interactive session. All the three startups gave answers & statistics to the satisfaction of investors. The Angel Investors present showed positive interest in investment.
