From a cheque of Rs 11,001 to raising Rs 350 crore: how Ankur Capital is betting big on Bharat
17 April 2019 10:55 PM GMT
Of the 14 early-stage investments that Ankur Capital has made, four have gone on to raise Series A and one has raised Series B, making Ritu Verma and Rema Subramanian the duo to watch out for in the social impact sector.
- In farms across India, companies like McCain and BigBasket are using a SaaS-based farm management solution that helps improve crop yield, tracks produce, and delivers smart solutions for agriculture.
- (This was long before Reliance Jio came into the picture and did exactly that.)By 2015, Rema and Ritu realised that to find institutional investors, they would have to invest in companies on their own and prove to the world that social impact companies could be successful for-profit businesses too.
- The subsequent investments in these companies and their growth validated their belief in their idea and led Rema and Ritu to launch Ankur Capital in 2016.
- Besides Niramai, ERC Eyecare, and CropIn, their portfolio includes BigHaat and Skillveri, which have gone to raise Series A funding.
- As Sachin Nandwana, Co-founder of BigHaat, put it, "India needs investors that can help startups take technologies to the heartland of India to make an impact in terms of agriculture and healthcare.