Inc42 Daily Brief
Stay Ahead With Daily News & Analysis on India’s Tech & Startup Economy
Value Prolific Consulting Services(ValPro) which is a financial services company announced its web-based deal enabling platform ‘Enablers’. It has partnered with NASSCOM and IIT Kanpur to promote and nurture startups.
Neha Khanna, Director of ValPro said,” Enablers is not just an online portal. We put in rigorous effort in mapping opportunities to align with investor interests. We believe and work at curating companies and ensuring that only those opportunities which have been gleaned using our investment banking experience and are genuine, get listed on our site. We follow a detailed selection and validation process – to study business models, review business plans and capture the competitive advantage and ensuring it is scalable and sustainable. We also vet whether the business is truly differentiated by either addressing an unaddressed market gap, successfully going to market through an improved solution for prevalent gaps or creating a niche market”
The platform ‘Enablers’ enables and assists entrepreneurs to connect and raise funds from investors. Earlier, Small and Medium businesses were not tech savy and thus didn’t need huge capital as compared to SMEs today. The funding requirement now ranges from 50Lakhs to 5 Cr. or more.
The team which is behind the concept of ‘Enablers’ has expertise in assisting with long term development and success of viable businesses. The vision of the team not to only build it as a fundraising enabler but as an entity synonymous with a one-stop-shop for all essential services in the startup ecosystem.
Not only this, ValPro has tied up with ‘10,000 Startups’, a NASSCOM initiative and the SIDBI Innovation and Incubation Center of IIT Kanpur in addition to Villgro, to support the platform for empowering the offerings and services available.
Dr. B.V. Phani, Associate Dean Of Innovation and Incubation at IIT Kanpur has said that Innovation centre was set up in collaboration with SIDBI to foster innovation and entrepreneurial activities in technology related areas and he is delighted to associate with ValPro for the initiative.
Enablers will focus on a set of industries which include Waste Management, Mobile, Healthcare Wearables, Fashion & Lifestyle, Ecommerce, Education, Mobile Advertising and more.
ValPro is based in New Delhi and was founded in 2005. Its services and teams are assisted by an advisory board consisting of industry experts from across sectors. The company has advised on transactions ranging from $5 Mn to $500 Mn. Main areas where ValPro ventures in are Investment Banking, Financial Advisory, Shipping Advisory,Oil & Gas Advisory, Wealth Management and Investment Management.
There are domestic as well as international players such as Applyifi which help startups in raising funds. Applyifi has closed its maiden funding today. Another Player in the Indian Market is LetsVenture which facilitates angel and seed investments. AngelList is an international player which assists startups in doing the same.
Note: We at Inc42 take our ethics very seriously. More information about it can be found here.