- Focus Sectors will be Fintech, DeFi, Web 3.0, D2C, B2B SAAS, Creators Economy, EV and other emerging sectors
- Fund’s mission is to collaborate with future change-makers in building great startups #PartnersInGrowth
- Fund will run a drive to create awareness about Investment in Startups.
- Atal Incubation Centre- BIMTECH will be a supporting partner for the fund
New Delhi : Gurugram-based Startup Buddy’s parent Company Real Time Management Consultancy Services Private Limited announced the launch of its first fund “Real-Time Accelerator Fund” with a corpus of INR 100 Crore with a green shoe option of another INR 100 Crore.
Startup Buddy was incorporated by CA Amit Singal & CA Manish Aggarwal in 2015 with the aim to provide a one-stop solution for the startups in the field of finance, legal & compliance services. The company has served more than 500 Startups as clients and consulted more than 2,000 entrepreneurs in the last 7 years.
The Fund is the next step to support the Startup founders through funding and mentorship. Manish Aggarwal will lead the fund as Managing Director and Pranay Mathur will be the CEO. The fund will invest in 20 startups every year with an average cheque size of INR 1 Crore. The fund will handhold the startup in its 10 weeks accelerator program.
“A startup needs more than funding and our program is designed to accelerate their 0 to 1 journey and also, with angel fund structure, a single entity will be on the cap table that brings ease to raise large round of institutional capital without managing and planning exits for various individuals. And for angel investors, their focus shall remain only on investing and we will manage their investments, diligence and timely reporting”, says Manish Aggarwal, Managing Partner, Real Time Accelerator Fund.
RealTime has invested in 25+ early-stage startups at the seed stage, starting with Burger Singh (QSR) marked as the first investment and then followed by Advantage Club (Rewards & Recognition Platform), PeeSafe (Health & Hygiene Consumer Brand), Junio (Fintech), Chqbook (Neobank), Original4Sure (DeepTech), Redcliffe LifeSciences (Healthcare), OroWealth (FinTech), MentorKart (EdTech), O2 Nails India (RetailTech), Fitspire (Alternative Proteins), United We Care (Mental Health Space), we360.ai (Employee Monitoring), Livofy (Healthtehc) and more.
Have also seen exits from its portfolio companies such as AI-based conversational platform Infeedo, direct-to-consumer Shoe brand Neeman invested by Sixth Sense Ventures, Female Hygiene brand Carmesi acquired by Purplle, Babygogo acquired by Sheroes, EV manufacturing and mobility company EbikeGo and a couple of it more.
“Our technology will help Angel investors to participate in deals which are relevant to them rather going through hundreds of pitches and to keep track of their investments in “real time” thus making the life of angel investors easy, says Pranay Mathur, CEO and Technology evangelist. Pranay further adds, “I believe technology enablement and efficient processes are the key to success.”
“The fund will actively invest in technology-enabled sectors across Fintech, DeepTech, B2B SaaS, Web 3.0, Gaming, vertical commerce, consumer tech, social and content creator economy and other emerging sectors. The Accelerator model will help both startups and investors to create valuable investment opportunities,” says Amit Singal, founder and ex-CEO of Startup Buddy.
AIC BIMTECH will play a major supporting role in pipeline and lead generation along with hand-holding the startups. Dr. Abha Rishi, CEO, AIC BIMTECH said, “The startups selected under this fund will also be eligible for free incubation benefits to the tune of more than 10 crores from us, along with access to our wide network of global partners and mentors.”
Real-Time plans to start investing by the month of July 2022 as it is in the last stage of its SEBI registration and is awaiting confirmation from the Securities and Exchange Board of India (SEBI).