Akshayapat Singhania, the Chairman and MD of JK International and Director of Organization are looking forward to allocating INR 100 crores to support early-stage startups in India. The Mumbai-based industrialist will use his personal and proprietary capital and don’t have any plans to raise funds from external investors.
Mr Singhania is looking to invest across media and entertainment, food and beverages, healthcare, consumer and lifestyle segments. The investment stages will be focused on seed to series A rounds and the cheque size ranging from $2 million to $4 million.
The period of investments will depend on the maturity of the business. However, a typical period may range from five to seven years with a minimum stake of 26 per cent in the startups.
“I am looking for companies with strong commitment, which have sustained profitable growth, should have sustained profitable growth, should have a better understanding of the business model, understanding of future trends,” he said.
He has already invested in two startups. However, details are not disclosed. Mr Singhania expects to close his third investment in the oral healthcare segment soon. The other two investments include a lifestyle venture and a South India-based quick service restaurant.
The Indian startup ecosystem is attracting more and more investors and industrialists. With the huge opportunities in the developing nation, venture capitalists and angel investors are looking to leverage the growing opportunity in the startup segment.
Earlier in October, Cyrus Mistry and Shappor Mistry announced the launch of Mistry Ventures which will invest and incubate new businesses.
He is also the director of JK Organization and is associated with Raymond Limited for 20 years as a director. He launched Park Avenue. Other business ventures operated by Akshaypat belongs to the cement and denim industry.
How to Contact Akshyapat Singhania?
We strictly advise you to connect with him over LinkedIn first. However, here are the details of Mr Singhania which you can use to get in touch with him.
Akshaypat Singhania’s LinkedIn
Singhania’s Email Address