The group stated it is going to concentrate on startups throughout agritech, fintech, electronics, e-commerce and a number of other different industries. As well as, the group can even spend money on 100 women-led startups to encourage girls entrepreneurs in India.
The group stated it envisions creating and creating an ecosystem that helps create jobs, generate earnings and cater to financial progress and nation constructing. With the launch of Startup Wings, the group will make investments nationwide.
“We strongly consider that the India story will likely be an essential chapter in how the worldwide financial system is formed over the subsequent decade.” We’re excited to be a part of this early historical past. By leveraging our in depth experience, deep networks and capital, we wish to create worth for founders who’ve disruptive concepts and are prepared to suppose large.”
Dr Sailesh Lachu Hiranandani, Founder Chairman, SRAM & MRAM Group stated after launching the fund.
SRAM & MRAM Group operates 4 main funds – Startup Wings, The first Lion, The Sindhi Angles and The Lioness Fund. These funds help startups all over the world, from seed to IPO and past.