Techbooze Starts Pumping Heavy Funds Into Indian Startups
CIOReviewIndia Team | Thursday, 22 October 2020, 10:54 IST
Techbooze Consultancy, a leading service-based enterprise on Thursday stated that it has started facilitating investments heavily into the startup ecosystem after the recent capital raise by its global investors. Byju’s, Playco and Ynsect.com among startups that have already received funds with an undisclosed figure, as stated by Techbooze.
Techbooze said it will be investing heavily into startups and real-estate sector.
Techbooze is on a funding spree with the help of their pool of 421+ global investors backed by the likes of Space Capital – the capital fund behind SpaceX, Bond Capital and others.
Techbooze said that it will be helping to raise the partial funds for three key projects including the construction of YMCA Bokaro Hospital with an investment of around Rs.3000 crore, a residential project by Western Development Corporation, Kolkata with an amount of Rs. 1000 crore and for Western Development Healthcare with an investment of Rs. 3000 crore.
Subhashis Kar, Founder & CEO, Techbooze Consultancy, said in a statement, "Techbooze offers support for the startup funding- right from deciphering the current stage of any venture, seed round or angel, to helping with investment plans, pitch decks, and go-to-market strategy for early-stage ventures. We at Techbooze are on a constant lookout for innovative business models and to support them in any way possible. And with the fresh funding, we'll be able to invest and promote the startups in such trying times."
Presently, most of the enterprises and publicly-listed entities have multiple channels for raising capital but at the same time, the early-stage startups, are either bootstrapped or dependent on investors or venture capitalists.
Techbooze, with its current funding said that it will be able to navigate and help in infusing new lease of life of the startups, since lack of investor support might hamper the growth and some exceptional business models succumbed because of lack of funds.
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