Events & News
Farm-tech firm CropIn gets funding from Denmark’s Sophia Investment
CropIn Technology Solutions Pvt. Ltd, a Bengaluru-based company that makes farm management software and apps, has raised $2 million (Rs 13.4 crore) from Denmark’s Sophia Investment ApS, a person people privy to the development.
The transaction valued the company at $12 million, the person said, asking not to be named.
Ankur Capital Founders’ Meet
Ankur Capital held its second annual Founders’ Meet in Mumbai on 8th & 9th August 2016. It was an opportunity for the founders of our portfolio companies to learn, discuss and engage with one another and other external entrepreneurs on the experiences and challenges of scaling up their organisations.
Ankur Capital invests Rs 60 lakh in Chennai-based Suma Agro
Early stage venture capital fund Ankur Capital which is bullish on agri-tech announced Rs 60-lakh investment in a Suma Agro, a Chennai-based sustainable agro-input company.
As per Rema Subramanian, Partner at the fund, the Rs 40-crore fund has three more investments in the pipeline — one in a cold storage company and the other two in agriculture inputs and healthcare.
Webinar 2: How to build a brand that stands out!
Build your brand and make it stand out. Learn the nuances of brand building from the the man who built Paper Boat- one of India's leading beverages brand!
Webinar: What does a VC look for? Get your startup investment ready!
Get smart and jump start! - The practical must haves to get your startup funded.
In this webinar, learn the most important aspects of raising capital and getting investment ready, directly from the horse's mouth- our guest, the founding partner of Ankur Capital.
Rural women are early adopters of technology
It was the vacuum in the under-served rural and semi-urban pockets that caught the attention of cost accountant, Rema Subramanian, 54 and Ritu Verma, 44, a scientist from Pennsylvania to team up and become India's first SEBI- registered angel fund founded by women.
It's 18 months since the inception of Ankur Capital and with 45 years of combined experience, the company, with a corpus of Rs 400 million, has funded five start-ups ranging between Rs 5 million and Rs 40 million.
Ankur Capital backs training simulator maker Skillveri
Mumbai-based impact investor Ankur Capital has invested an undisclosed amount in Chennai-based startup Skillveri Training Solutions Pvt Ltd.
Skillveri creates simulators to deliver skill training. It claims that its AURA line of welding simulators can train workers at a fraction of the cost required by traditional training methods.
SIDBI Ramps Up Startup Support Through Fund of Funds Operation
India’s startup ecosystem is one of the fastest growing ones in the world with the third largest base, having more than 4200 startups (next only to UK and US). It is also becoming evident that the startups through their disruptive technology and business models are not only going to fuel the Indian economy for a higher growth trajectory, but also change the way of our living in several ways. Startup India initiative has the potential to help achieve the global growth ambitions of India.
Small Industries Development Bank of India (SIDBI) as the principal financial institution for promotion and financing of Micro, Small and Medium Enterprises (MSMEs) has been addressing the gaps in the MSME ecosystem both directly and indirectly.
Our focus is to create scalable businesses: Rema Subramanian
A number of angel investors, and venture funds, invest in technology start-ups and commercial businesses, hoping to get good returns in a short span of time. However, Ankur Capital, an impact angel fund co-founded by Rema Subramanian, has decided to focus on an uncharted territory, where there are not many successful examples to boost the spirit. She explains to Bibhu Ranjan Mishra why the fund is investing in social ventures. Edited excerpts:
Rajasthan’s Karma Healthcare bags funding to bring telemedicine to villages
Indian rural healthcare startup Karma Healthcare has raised an undisclosed amount in pre-series A round from impact fund Ankur Capital.
The company runs clinics in the rural areas of desert state Rajasthan. It gives villagers access to specialized doctors through telemedicine as well as direct face-to-face consultations. It uses tablet computers, printers, power-backup systems, and medical devices which can transmit real-time data from patients to doctors located elsewhere.
How Ankur Capital is following a different path to impact investment
In 2010, J.P. Morgan estimated the potential capital need for impact investments (targeting the part of the global population earning less than $3,000 a year), which drive not just social impact but also financial returns, to be $400 billion to $1,000 billion over the next 10 years. Fortunately, over the last 20 years, the number of specialised commercial funds in the impact investing space has risen 10 times. Capital committed to impact investing via private equity style active managers alone has risen from $4 billion to $12 billion over the same period.
Ankur Capital bets on real India, invests in three early-stage rural ventures
Impact investment fund, Ankur Capital, has invested in three early-stage ventures that focus on rural markets.
The Mumbai-based venture capital fund, which received approval from market regulator Sebi earlier this month, is backing CropIn, a cloud-based farm management systems company, home compost solutions provider Daily Dump and primary eye-care service provider ERC.
Have you met Ankur Capital? The story of the new seed fund in town
Though Rema Subramanium and Ritu Verma come from different backgrounds, they are passionate about the same thing —genuinely creating an impact, and supporting entrepreneurs who want to do the same. Besides this, both women wear multiple hats; Rema is also an entrepreneur, and Ritu a physicist.
This passion led the two highly driven and motivated ladies to start a fund called Ankur Capital. Ankur Capital is an INR 40 crore social venture fund that invests in startup businesses (one to three years of on-ground operations) that impact low-income communities in India.
Ankur Capital invests in agri-tech company CropIn
Mumbai-based impact investor Ankur Capital has invested Rs 50 lakh ($81,0000) in convertible debt in Bangalore-based CropIn Technology Solutions Pvt Ltd, which provides a cloud-based platform to help farmers track their produce and consignment status, for 30 per cent stake, according to a report by The Economic Times.
CropIn Technology raises funding to bring big data to farms
Agriculture technology provider CropIn Technology Solutions has raised funding from US-based investment firm Invested Development.
The firm, which provides agriculture technology to farmers as well as large companies including PepsiCo and Mahindra & Mahindra, will use the money to scale up its technology, hire talent and also explore opportunities in markets such as Kenya, Philippines, Mexico and Indonesia.
A sight for sore eyes
When Laxmi Das, a 38-year-old weaver from Borholla village in upper Assam's Jorhat district, complained of poor vision, she didn't have to travel far for a check-up. Das was diagnosed at her village, at half the cost incurred at major eye centres, thanks to an ERC Eye Care-run vision centre.
Such vision centres, the brainchild of ophthalmologist Parveez Ubed, address the lack of quality eye care in the rural areas of upper Assam. These vision centres, along with mobile units, test patients for common eye ailments and refractive errors. If these centres aren't able to address an ailment, the case is referred to neighbouring government hospitals.More details..
ERC Eye Care raises angel funding from Ennovent, Ankur Capital and other investors
Assam-based ERC Eye Care Pvt Ltd, which provides low-cost eye care services for the bottom of the pyramid market, has raised an angel round of funding from Ennovent and Ankur Capital among other investors.
Assam-based ERC Eye Care raises money from investors to fund expansion plan
Ennovent Impact Investment Holding and Ankur Capital have invested an undisclosed amount in Assam-based eyecare company ERC Eye Care. Beyond Capital Fund, angel investor Sadeesh Raghavan and Ennovent Circle, which accelerates innovations for low-income markets, also participated.