It has been said that money can’t buy happiness, but when money comes in the form of investment for new startups, it becomes the greatest form of happiness as well as the base for aspiring entrepreneurs. Securing seed investment turns out to be one of the most difficult challenges for budding entrepreneurs, and some of India’s most powerful businessmen recognise this and work tirelessly to relieve the pressure on aspiring entrepreneurs by investing in their ideas and business models.
Here are the five most prominent new-age Indian businessmen who believed in and invested in startups that grew into profitable enterprises.
Kunal Shah- Founder of CRED
Kunal Shah is an Indian entrepreneur and started his career as a junior programmer at a business process outsourcing startup. Shah’s first startup venture was a company called Paisaback, which provided cash-back promotions for retailers. CRED, which is considered the second-fastest-growing unicorn startup in India. In 2021, this startup was slated to hit a $2 billion valuation with $200 million funding. Shah has invested in over 50 startups this year alone.
Deepinder Goyal – Ex Founder of Zomato
Deepinder Goyal has previously recounted how he first got the idea for an online service when, as a student at the Indian Institute of Technology, he was particularly frustrated with a pizza order. Now, Zomato has a strong presence across India, operating in 525 cities and having 3,89,932 active restaurants listed, as of March 2021. It also runs in 23 other countries. He has made investment in firms like Unacademy, Bira 91, Shiprocket and many more
Ankit Chona- Former Founder of Havmor icecreams
Ankit Chona, Former founder of havmor Known for its ice-cream brand which it sold to Lotte a few years ago, the company which has a sizeable presence in the restaurant business will invest Rs 150 crore to go national by launching ‘phab’ brand of health eating/drinking options. The company will invest about Rs 50 crore initially to launch phab over a period of 12 to 18 months. Also, it will launch 35 new restaurants across India and in Gujarat.
Vijay Shekhar Sharma – Founder of Paytm
Sharma, who founded the company in 2000, holds 9.1% or close to 6 crore equity shares in Paytm. When combined with his options, he stands to make over $2.3 billion at Rs.2,150 apiece (the expected price at the upper end of the price band of the IPO). The IPO of Paytm, earlier known as One97 Communications, is India’s biggest-ever initial public offering.
Vidit Aatrey – Co-founder of Meesho
Vidit Aatrey, an alumnus of IIT-Delhi (2012 batch), embarked on the journey of creating Meesho in 2015 with an aim to build an ecommerce startup for small businesses at a time when everyone told them that e-commerce is saturated. Four years and two pivots later, he claims to have built India’s largest social commerce platform