Startup investing is not easy and requires you to have tons of risk capital and the desire to mentor entrepreneurs
When the family office of the Mansukhanis invested in a completely new logistics company, Wow Express, it was with the idea to become a part of the building blocks of an earlystage company in the fast developing logistics segment. With the e-retail market growing rapidly and likely to climb to $100 billion by 2020, companies that provide logistics in moving merchandise to end-users are rapidly scaling up, and growing fast. The Mansukhanis through their family trust invested Rs 3 crore in April 2015 supporting the trio of Jayesh Kamat, Mazhar Faruqi and Sandeep Padoshi, who had left their jobs and put some of their own money to embark on an entrepreneurial journey. Now, there is no looking back. Recently, WowExpress raised another round of funding from some in-vestors. The Mansukhanis invested a further Rs 3.6 crore in the recent round. Says Ayesha Mansukhani: “We clearly invested in a good team and saw the potential of the business to scale up rapidly with the use of technology and apps. The business is growing 100 per cent every quarter.”
It’s not uncommon for many high-net worth individuals and family businesses to see investing in startups as a way of mentoring new and budding entrepreneurs. They are also looking at utilising some high-risk money for higher returns. Says Ayesha: “At the end of the day, investing in startups is high risk. You need a lot of patience to see a company through.”
Denne historien er fra July 11 2016-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 11 2016-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.