It has onboarded 10 investors, 30 are in the process and aims to onboard 500 in next 12 months
Plans are also on the anvil to create an investment fund of INR 100 crore by the end of the year.
Guptaji Invests, an Angel network of HNIs, NRIs, professionals and traditional business owners exclusively from the Gupta / Vysya community launched in Hyderabad yesterday. The newly launched angel network is something similar to Marwari Angels and JITO Angel Network, a community specific angel network.
Disclosing this in a press note issued in Hyderabad, Mr Ravi Teja Gupta (RTG), an entrepreneur-cum-seed investor said this is India's first Vysya community based Angel Network and accelerator exclusive for Vysya investors. Vysyas are traditionally businessmen. Business is in their DNA. The new generation is shifting away from family businesses, taking up jobs in the corporate world and holding leadership positions across the globe. Guptaji Invests is an opportunity for them to invest in futuristic start-ups with a future full of promises. Guptaji Invests plans to transform the Vysya community into startup investors.
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| Ravi Teja Gupta |
It is a brain child of Ravi Teja Gupta who has been in the startup ecosystem for more than a decade. He worked for various startups and invested in a couple of startups personally. He held a key role in the well known FinTech and HealthTech startups.
In India, there are around 30 active angel networks. Myntra, Khatabook, Wow! Momo, BharatPe companies like these and many have raised funds from angel networks. Our aim is to be one of the active and happening Angel NetworkS in India, said Ravi Teja Gupta.
Elaborating on their plans, Ravi Teja said ‘we target to raise 50 lakhs to one crore investment for each startup. And we would like to support and help 100 startups to raise funds in the first financial year of our operations. Right now we have onboarded ten investors and 30 more investors are already confirmed and are in the process of onboarding. We plan to on board 100 investors in the next one quarter and 500 by the end of the year.
Plans are also on the anvil to create an investment fund from the Gupta community. And we are confident of creating a INR 100 crore fund in the next one year.
Among other things we look into are strategic investments and focus on bridge rounds (short-term rounds to cover up intervals between different rounds of raising funds), co-investments opportunities.
There was a huge request and demand from the community's successful people and organizations, shares Ravi Teja. They were looking for and exploring investment opportunities in the Indian Startup-Ecosystem, which is considered as the 3rd largest start-up ecosystem in the world after the US and China. Guptaji Invests would like to channelize their resources.
Guptaji Invests brings the Business Acumen, Success secrets of Gupta community and their business values. They are successful merchants and traders. They are known for their unwavering grip over hisab kitab. Gupthas dominate the e-commerce space in India. Four of the top 10 e-commerce outfits in India have been founded or co-founded by the people of this business community. The community has defined e-commerce in India. It is also called as the poster boy of Indian e-commerce. The members of this small community dominate the list of India's richest.
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