Z21 Ventures establishes a $5 million fund to finance investments in startup businesses
- ByStartupStory | November 16, 2022
A $5 million fund is established by Z21 Venture Capital to invest in early-stage businesses with a focus on talent and technology. It seeks to concentrate on and add value to businesses and investors through the expansion of the Indian startup ecosystem. Z21 is a firm that invests in early-stage ventures.
Abhinav Shashank and Raj Singh started it. The healthcare technology business Innovaccer, which was valued at more than $3 billion in 2021, is led by CEO and co-founder Abhinav Shashank. Hyperspec AI, a deep tech firm creating technologies for autonomous driving, has Raj Sing as its COO and co-founder. Between 2017 and 2022, he served as Innovaccer’s head of product and one of the company’s founding executives.
The fund aspires to develop a sizable pool of seed-funded technological firms prepared to upend numerous global industries. The objective is to find early-stage technology businesses, invest in them, and then assist their expansion with the aid of a community of investors that have deep expertise in various commercial and technological fields. It has hired experts like Pallaw Sharma, who is the chief data and analytics officer at Cisco, as well as Piyush Agarwal, the creator of Scholr, which Byju’s purchased, and Sachin Saxena, a founding member and the head of marketing at Innovaccer.
“The startup ecosystem now includes a wide variety of businesses; instead of just software, companies are making electric vehicles and medical technology. In India, the seed fundraising stage is not particularly developed, making up only approximately 10% of all company investments, and the adviser network is also underdeveloped. Early-stage business owners find it challenging to get in touch with authorities in particular industries for advice. That is the issue we’re trying to resolve “Singh stated. The experts will take part in the selection, support, and direction of the early-stage companies on their GTM, product strategy, and product market fit, among other things, in addition to making investments as limited partners in the fund.
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