Singh’s YWC Ventures To Support Startup India Movement
Yuvraj Singh has further added that the firm will be actively exploring new investment opportunities with an objective to contribute to the Startup India movement. Notably, YWC Ventures has already invested in a range of startups including the likes of EasyDiner, Healthians, Holosuit, Wellversed and JetSetGo. Singh was also quoted saying, “Through my foundation and brand YouWeCan, we are always motivated to make a difference in society and we always want people’s lives to get better. We definitely have future plans to invest aggressively in the coming year. Hopefully it will be the best year for everyone.”
Well-versed Ropes In First YWC investment post lockdown
Nutrition product startup, Wellversed has been the latest among the above mentioned startups to make it to the company’s investment portfolio for an undisclosed amount at an enterprise valuation of Rs 100 crore. Singh noted that many of the YWC investments were put on hold due to the ongoing COVID-19 pandemic. Wellversed is the first startup that the firm invested in post the corona lockdown. Reflecting back on his entrepreneurial and investment experience so far, Singh said that ever since the YWC Ventures started in 2013, it has invested aggressively in up to 10 to 11 startups. He also noted that two of them only took off. He opined that with investments you just have to take that risk sometimes. UNCERTAINTY ENGULFS STARTUPS AMID COVID19 But on the brighter side he also shared, “Healthians in health and Holosuit in augmented reality and virtual reality have also been doing very well. I am very happy now that 2-3 startups in our portfolio have turned up into big companies now.”
Tie-Delhi Report suggests hope for Indian startups
Yuvraj Singh’s latest statement is also in agreement with the Tie-Delhi report which stated that investments in startups are also on the track of recovery post lockdown imposed to prevent the novel virus spread earlier this year. Talking about various economic sectors, it has even reported a growth range from 10 to 50 percent for over-the-top platforms, online life insurance sector, e-commerce, digital payments, online stock brokerages, online grocery and online gaming.EdTech and online telecommunication startups have also registered a recovery rate of up to 200 percent and 500 percent respectively. On the other hand, travel and hospitality, mobility and logistics, and the automobiles sector rank among the worst hit reporting a significant drop in their funding. However, as Singh notes, Healthcare is probably the only economic sector that has not been hit by the global health crisis. Also Read: SECRETS BEHIND A SUCCESSFUL STARTUP
