This MoU will fuel DFAN’s aggressive growth plans and the 100 Crore corpus will help drive the non-linear growth charter in investing in technology start-ups.
Digital Futurists Angels Network (DFAN), a global community-backed angel network brings in the new year announcing the co-investing partnership with Solis Capital and Ventures Pvt. Ltd. (SCV), a boutique investment banking firm. This partnership is aimed to strengthen the start-up ecosystem by actively investing in start-ups along with providing active mentorships, advisory and business development. The plan is to co-invest and deploy a corpus of 100 Crores (INR) over the next four years.
This MoU will fuel DFAN’s aggressive growth plans and the 100 Crore corpus will help drive the non-linear growth charter in investing in technology start-ups. DFAN plans to end this fiscal with a 3x growth in the number of invested start-ups over the last year. DFAN has achieved a Y-o-Y growth of 185% in start-ups evaluations and has enviable strategic partnerships in Co-Investment, Outreach & Knowledge.
Speaking at the occasion, Mr. Mohit Arora, Co-Founder, Director & CFO – DFAN said, “DFAN’s process and due diligence is 24 Carat Gold Standard. Industry-agnostic with a leaning to technology, every start-up we decide to fund has been a promising investment. In pursuit of aggressive growth, we are not diluting the quality of the value we offer our investor network, along with giving our members opportunities to earn and learn. This corpus that Solis brings, will further strengthen our mission to add value to our ecosystem and enhance our outreach to worthy start-ups.”
Commenting on the collaboration, Mr Sachin Manchanda, Founder & Director, Solis Capital and Ventures said, “As a serial entrepreneur with over 20 years in business leadership, I am a big believer in hyper growth & sustainable business models. Partnering with the DFAN towards investing in start-ups with a technology focus, is a natural decision because of their strengths in evaluation and due diligence that translates into qualitative and balanced investing decisions. The success rate of DFAN’s investments is poised to be higher than other angel networks and hence am happy for SCV to join hands with DFAN and further their investments in technology start-ups including the growing space of Real-tech. With this MoU we are declaring our plan to co-invest and deploy this corpus of 100 Crores (INR) over the next four years.”
Source: Business World
