Startup endowments is nothing but startup funding. Startup endowments/funding is defined as money available for investment in startup companies and small businesses with a high potential for growth. Startup capital refers to the money that is required to start a new business, whether for office space, permits, licenses, inventory, product development and manufacturing, marketing or any other expense. Startup endowments is also called as venture capital, risk capital, startup capital and seed money.
In recent times, a lot of third party fundings are helping out the budding entrepreneurs in India. The investments are pouring in from giant capital investment firms as well as individuals looking for investing their hard earned money in the new business setup.
Unitus is all setup to back 50 startups with $50 million fund. Unitus Seed Fund is an investment firm which provides seed funding to social enterprise in India. It was established in 2012 with the aim of investing in Indian startups that have the potential for large-scale impact on poverty. This $50 million funding is its second seed fund launch in India. They plan to perfuse this amount in sectors like education, health care, fintech and agriculture. Unitus plans to invest a maximum of 3 crore in each startup. It had launched its first fund worth $23 million in 2012. Then it included investors like Bill Gates Foundation, Mohandas Pai and others.
Bertelsmann India Investments recently invested $5 million in Gurgaon based startup fashion discovery platform Roposo. This is its second leg of its Series B round of funding. The startup has so far raised a total of $21 million from investors including Tiger Global, India Quotient and Flipkart’s CEO Binny Bansal. Roposo was founded in 2014 by IIT Delhi Alumnus Mayank Bhangadia, Avinash Saxena and Kaushal Shubhank.
A Mumbai based startup – The Wedding Brigade, has raised $600,000 in pre-series A round of funding. This investment has come from Blume Ventures and four other undisclosed angel investors. The wedding brigade, formerly known as Indeer was launched in 2014 in Mumbai. It is your one-stop destination to discover your dream wedding, and make it a reality. It was founded by Sanna Vohra. It is currently operational in Mumbai and Delhi. This startup facilitates venue and service bookings, purchase wedding apparels, jewellery, gifts and other essentials.
Rebright Partners, a Japanese venture capital firm and Facebook’s angel investors Anand Rajaraman and Venky Harinarayan have recently funded DocsApp. DocsApp has raised $1.2 million in seed funding. DocsApp is a Bengaluru based startup founded in 2015 by IIT Madras Alumni Satish Kannan and Enbasekar D. It is an online doctor consultation app that makes sure that doctors are easily accessible to the patients. Basically it is an online specialist doctor consultation mobile app.
Motus Ventures is a seed stage venture capital fund and business accelerator. The main focus of this venture capitalist firm is the intersection of three industries. The industries namely are – Transportation, Smart infrastructure and Internet of Everything (IoE). Auro Robotics secured $2 million in funding led by Motus Ventures. Auro Robotics is a startup that are building driverless shuttles for in-campus travel. The startup is based out of IIT Kharagpur. It is based on our 4 years of research on autonomous vehicle technology.