5F World’s Natara­jan In­vests in Zeve Cap­sol Co’s now look­ing to raise its first an­gel fund to in­vest in star­tups

The Economic Times - - Companies - @times­group.com

Pune: Ganesh Natara­jan, chair­man, 5F World said that he has in­vested in Zeve Cap­sol, the com­pany that op­er­ates the 1Crowd plat­form in his per­sonal ca­pac­ity.

“It is a sub­stan­tial in­vest­ment, con­sid­er­ing it’s go­ing to­wards the ecosys­tem and not a spe­cific com­pany and it’s the largest in­vest­ment I’ve made,” he said, while de­clin­ing to share to ex­act amount in­vested.

Fol­low­ing this, Natara­jan joins the board of Zeve Cap­sol which is work­ing to cre­ate an ecosys­tem for star­tups and in­vestors. It cur­rently has as­sets un­der man­age­ment worth .₹ 20 crore. Set up in 2015 by a team of for­mer bankers and pri­vate eq­uity pro­fes­sion­als, Zeve Cap­sol cur­rently has a to­tal team of 14 pro­fes­sion­als.

In ad­di­tion to 1Crowd, a crowd­fund­ing plat­form, it also op­er­ates an in­cu­ba­tor at Christ Univer­sity in Ben­galuru and a vir­tual ac­cel­er­a­tor. The com­pany is cur­rently in the process of rais­ing its first an­gel fund which it would use to co-in­vest in star­tups that are part of the crowd­fund­ing plat­form, or part of the in­cu­ba­tor or ac­cel­er­a­tor.

“Se­ri­ous star­tups need in­vestors and men­tors who are more in­volved and are sea­soned pro­fes­sion­als. This is a more thought­ful way of in­vest­ing,” said Natar­jan. This will give Natara­jan first sight to com­pa­nies 1Crowd is work­ing with, en­abling him to in­vest in these.

Ganesh Natara­jan ET ARCHIVES

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