Led by serial entrepreneurs, Vishwas Mudagal and Sonia Sharma this early-stage VC fund venture aims to support startups and entrepreneurs across various industries and domains
Serial entrepreneurs and founders, Vishwas Mudagal & Sonia Sharma of GoodWorkLabs announce the launch of GoodWorks Angel Fund – an early-stage venture capital (VC) fund, and investing venture. The duo aims to invest in at least 8-10 high-potential startups across the globe every year. Depending upon the nature, requirement, and future prospects of the respective startups, the investment ticket size per company will vary from USD 20,000 to USD 200,000.
Fostering startups, MSMEs, and budding entrepreneurs have been the key aim of the entrepreneur-duo. They started GoodWorkLabs in 2013, with a vision to help startups and Fortune500s build scalable tech solutions. Today, the products built by the company are used by 200+ million users worldwide. In 2017, the entrepreneur-duo started a premium coworking space brand called GoodWorks Cowork, which went on to become one of the fastest-growing coworking companies in India, winning multiple awards and bagging top customers.
However, in recent Covid19 times, as tech adoption and contactless experience became critical for every sector, Mudagal and Sharma have stepped in to help the startup community to bring in innovative business models, products, and solutions to address this opportunity and need in the market.
Vishwas Mudagal, Co-founder GoodWorkLabs, and GoodWorks Angel Fund expresses, “Commencing a funding venture has always been on my bucket list. With the launch of GoodWorks Angel Fund, we aim to recover, regenerate, remodel, and grow the startup community again, despite the injury. I, along with Sonia, are striving to improve the start-up ecosystem, for all of us to prosper collectively. I look forward to standing with startups and budding entrepreneurs who intend to ‘dare mighty things’ and aim to create a better world through their futuristic products and solutions.”
While investment and funding are the core aspects of GoodWorks Angel Fund, the entrepreneur-duo will additionally provide startups and young entrepreneurs with a wide range of professional service offerings. They aspire to create a plug-and-play work ecosystem for start-ups, by taking care of their office space, technology, operations, marketing, and other support services that are critical to scaling up businesses.
Source: Business World
