Propell, a miniature VC reserve established by LetsVenture fellow benefactor Shanti Mohan, is hoping to contribute around Rs 50 crore across 30 new businesses.
The asset, which was established in late 2021, has proactively made 15 startup ventures across different areas, for example, web based business, fintech, SaaS, and D2C, with an emphasis on beginning phase organizations.
Among the arrangement of new businesses that Propell has contributed incorporate organizations like Jar, GoBillion, Zaamo, Aulerth, Seekho.ai, and so forth. The asset has co-contributed with Y Combinator, Sequoia, Accel, Tiger Global, 3one4 capital, and a few noticeable holy messengers.
On the send off of the asset, Shanti Mohan, Co-pioneer and CEO, said, “I accept this is an extraordinary time for me to contribute and work intimately with originators who are working for the following billion dollar opportunity in India. With the ongoing lull, I really do accept this is an extraordinary time for beginning phase financial backers to work with probably the best organizers building feasible plans of action.”
Propell Fund is moored by heavenly messengers and experts, including Vikas Choudhury (President, Reliance Jio, and Partner, Pivot Ventures), and upheld by Vivek Khare (Advisor, Corporate Development and Early Stage Investments at Naukri.com), and Sudhi Herle (Engineering, Android Platform at Google).
Vikas Choudhury from Jio expressed, “The following 10 years of India’s development will be fundamentally advanced by the computerized business people in our country.”
Propell is a devoted vehicle facilitated on LetsVenture Angel Fund which is a Cat 1 Angel AIF.