Applyifi, a private platform for startups and early-stage companies to raise funds, has curated 18 startups this month to showcase to investors.
Applyifi plans to curate high-potential startups every month, which will then be invited to pitch to investors on the Applyifi platform. It intends to expand the pool of angel investors in the country by enabling senior professionals and experienced entrepreneurs to participate as co-investors in startups.
Prajakt Raut, co-founder of Applyifi says that they want to enable more and more more HNIs – senior professionals, experienced entrepreneurs – to co-invest in startups. “We want to significantly expand the pool of angel investors. And therefore, in addition to showcasing profiles of curated startups, we provide a detailed assessment report and a 36-point scorecard on key parameters that experienced investors consider, when making an investment decision.”
Criteria & Selection Process
Applyifi does an assessment of the investment-worthiness of the startups on key parameters that investors use to evaluate startups. It presents this assessment report in the form of a 36-point scorecard and qualitative comments, which helps startups understand their strengths and weaknesses, and provides investors a perspective on the startup.
All relevant aspects like scale, potential, concept relevance, business model, business case, go-to-market plans, competitive environment, valuations, exit potential, and most importantly, quality & completeness of the team are factors that are considered in making these assessments.