It has invested about INR 10-15 lakh in each startup, which include: Kamal Kisab, Flybird Innovations, VectorDoc, SustainEarth, SkillTrain, MicroX Labs and Bempu.
All the startups have their prototype of the product ready. “Most funding will be used for finishing touches to product and take it to market,” said P R Ganapathy, chief operating officer, Villgro.
Since its launch in 2001, Villgro has incubated 103 such enterprises, generated around 4000 jobs, secured INR 873 Mn in follow-on funding, and touched over 6.8 million lives.
By end of this fiscal, Villgro plans to incubate and invest in about 25-30 startups. Of these, 11 startups are from The Arthur Venture Challenge platform, which have engaged Villgro to provide incubation support only and the balance is being funded solely by Villgro.
Villgro has developed a unique approach of working with entrepreneurs at multiple phases of their startup journey – including pre-product, pre-revenue and pre-scale – and offering a combination of mentoring, talent infusion and networks critical to startups working in various sectors.