Entrepreneur First announces investment in six Indian tech start-ups

Bengaluru (Karnataka) [India], March 31 (ANI/TPT): Entrepreneur First (EF), a UK-based world expertise investor, introduced an early-stage investment in six cutting-edge tech start-ups from India in its newest ‘Investor Reveal’. So far, EF has invested in 42 tech start-ups in the nation since its launch in India in 2019. The ‘Investor Reveal’ launched six promising Indian start-ups to prime early-stage buyers in the nation. From automating contract evaluation and drafting for legal professionals and reimagining banking for millennial {couples} to offering a reside purchasing market for unbiased retailers and getting SAP on WhatsApp, younger entrepreneurs at EF demonstrated impactful options to forcing real-world issues.Vivek Kumar, Funding Manager, India at Entrepreneur First mentioned, “It’s inspiring to see howentrepreneurs in India are pushing the boundaries and leveraging progressive and cutting-edge applied sciences to hunt novel options throughout industries and constructing globally necessary firms. They are daring to look past the numerous challenges to seek out alternatives for disruption and development. At EF, we’re dedicated to strengthening the early-stage start-up ecosystem in India in order that these younger entrepreneurs are in a position to obtain all the pieces that they got down to – and extra!” EF start-ups have been engaged on various market-led improvements, powered by Artificial Learning (AI), Machine Learning (ML), Robotics, Virtual Reality (VR) and different cutting-edge applied sciences, to unravel real-world issues throughout industries.Over the final three years, EF start-ups have gone on to lift a number of rounds and created world affect, testimony to EF’s distinctive mannequin that identifies expertise on the early stage and grooms them to turn into a profitable entrepreneur. Some of those startups embrace Unbox Robotics, Immunito, Fello and Neuropixel amongst others. As a world expertise investor, with a presence in six world markets, EF has constructed over 500 tech start-ups with a worldwide neighborhood of over 3000 entrepreneurs, and a portfolio that’s valued at over six billion {dollars}. EF pioneered the idea of expertise investing – discovering and funding gifted people – pre-company, pre-team, and most frequently, even pre-idea.1. Amikus AI: Automating contract evaluation & drafting Lawyers spend a number of hours on reviewing and drafting contracts. Although these repetitive duties require excessive consideration to element, they don’t translate into direct financial worth. Amikus AI, an AI-powered resolution, empowers legal professionals to evaluation and draft contracts quicker and with enhanced effectivity of as much as 50 per cent. So far, Amikus AI has acquired suggestions from 15-plus legislation companies and firms on its minimal viable merchandise and the corporate is at present engaged on pilot tasks with 5 shoppers.2. Grabbit Live: LIVE on-line purchasing market for unbiased retailers A LIVE purchasing market tailored for unbiased sellers and their neighborhood of consumers, Grabbit Live gives its clientele the chance to host reside exhibits, use development instruments, and in-app insights to promote extra. The preliminary eight sellers have reported a median 10 per cent m-o-m gross sales development, and there are 20 sellers in the pipeline. Currently, the start-up has 1000 early adopters and a 17 per cent conversion charge in the course of the reside exhibits.3. Capitall: Unlocking new debt belongings for retail buyers Retail buyers make up a big chunk of India’s 52 million inventory buyers and 100 million crypto buyers. Yet they’re locked out of sure investments, corresponding to lending to companies, which have a major edge for an investor in comparability to fairness. The energy to lend to companies stays centralized because it requires experience and better disposable incomes. Capitall challenges the established order and gives a platform for accessibility, danger, and liquidity. Backed by a sturdy risk-mitigated underwriting course of, the start-up allows retail buyers to lend to vetted high-growth firms, and earn excessive fastened returns as passive earnings. It additionally leverages blockchain for extra belief, safety, and liquidity. At current, Capitall has shortlisted six companies to lend to, and 1000-plus retail buyers.4. unScript AI: Designing hyper-personalised advertising and marketing movies at scale unScript AI, primarily based on patented AI applied sciences, allows manufacturers and B2C firms to generate contextual hyper-personalised movies at scale. A marketer’s dream of reaching thousands and thousands with a “advertising and marketing to 1” method, unScript AI will increase person engagement by 6x and conversion charge by as much as 5X. The start-up has already secured paid pilot confirmations from eight main manufacturers and has established partnerships with WebEngage (as channel associate) and AWS (as expertise associate).5. Coupl: Pioneering banking options for millennial {couples} in India Coupl is reimagining banking for millennial {couples}, beginning with India’s first ‘joint-account challenger’ product. The objective is to assist {couples} make higher life-style selections, make investments in sensible ‘saving pots’, monitor bills by way of debit and BNPL playing cards, get personalised rewards, and construct future belongings by means of investments and insurance coverage. Coupl has already acquired banking approvals from YES Bank. The start-up is at present in the superior levels of discussions with a prime NBFC in India to launch its investment and credit score choices. With its cell banking app on Google Play Store, Coupl goals to onboard 300 customers by April, 2022.6. FloWorks: SAP on WhatsApp FloWorks gives CRM/ERP kind performance on WhatsApp for companies to higher handle their operations, particularly for the workforce on the sector. FloWorks’ context-aware NLP platform allows automation, higher visibility and actionable analytics. These choices are usually not simply related for SMEs, but additionally for giant enterprises for enterprise processes which can be performed by means of WhatsApp (exterior of subtle ERP/CRM deployments). Designed to work with different chat platforms like Viber, Slack and Telegram, FloWorks might be foraying into the worldwide markets in the close to future. With a gentle inflow of latest prospects, together with firms like Udaan and Elasticrun, FloWorks is nicely on the expansion path.This story is supplied by TPT. ANI won’t be accountable in any means for the content material of this text. (ANI/TPT) (This story has not been edited by Devdiscourse employees and is auto-generated from a syndicated feed.)

https://www.devdiscourse.com/article/business/1984976-entrepreneur-first-announces-investment-in-six-indian-tech-start-ups

Recommended For You