Cricketer Yuvraj Singh’s investment fund YouWeCan Ventures has invested an undisclosed amount in Gurugram-based Startup Buddy. With this move, Yuvraj will join the company’s Board.
Founded in 2015 by Manish Aggarwal and Amit Singal the startup aims to provide support to early-stage entrepreneurial ventures.
As per the company website, it provides a gamut of support functions beginning with incorporation accounting, taxation, secretarial compliance, MIS, Intellectual Property Rights, legal assistance, project advisory, etc. to startups in India and overseas.
Its clientele includes the likes of ScoopWhoop, InnerChef, Zostel, Coho, Quedesk etc.
Talking about the investment Yuvraj Singh said, “I really liked the idea of Startup Buddy’s one-stop solution for startups – since they understand the needs of the younger generation who are building businesses and are the first port of call for many first-generation entrepreneurs.”
Last year, in March, YouWeCan partnered with digital marketing agency AdLift to launch a brand amplification platform called Yral (pronounced ‘viral’). YouWeCan Ventures Technology LLP was launched in 2015 to support online startups and encourage entrepreneurship.
Till date, it has invested in wellness platform Vyomo, edtech startup Edukart, automotive service marketplace Cartisan, online marketplace for private jets and helicopters JetSetGo, brand licensing startup Black White Orange Brands among others.
According to a report released by NASSCOM in collaboration with Bengaluru-based consulting firm Zinnov, the Indian startup ecosystem is poised to grow by 2.2X to reach over 10,500 startups by the year 2020. Bengaluru, Mumbai, and NCR continue to be startup hubs, harbouring 70% of the total startups in India.
(The development was reported by ET)
