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Oil and gas startup OGES secures fund via Applyifi platform

Tags: Applyifi.com, OGES, investment platform, HNI, investment

May 25, 2015 | COMMENTS ( 0 )

Oil and gas startup OGES secures fund via Applyifi platform

Startup investment platform, Applyifi.com has announced that OGES, an online Q&A and best practices platform for the oil & gas industry has received firm commitments from a group of senior professionals and HNIs.

“This is one of the early investment commitments Applyifi has secured from its first batch of 4-curated startups. Two other startups from the first batch – one raising Rs 25 lacs and the other raising Rs 50 lacs, are in active talks with accelerators and investors from the Applyifi network,” said the company’s official press release.

Applyifi Co-Founder and CEO, PrajaktRaut said, “We are very happy to have been able to help OGES to secure funding from leading industry experts, which is totally in line with our mission to help successful professionals become investors in India’s startup ecosystem.” 

While OGES has received commitments for the minimum amount of subscription they planned for, the round is still open for 2 more weeks to raise an additional $ 50,000.

“We are grateful to the Applyifi team for believing in the idea of OGES; helping us in structuring the transaction; and mentoring us to do it in a professional way. They have guided usby helping us improve our business plan, connect with investors, and even structure the actual deal itself,” said OGES Founder & CEO, Saurabh Srivastav.

“I am very excited about our investment in OGES which shall transform the way oil and gas professionals share knowledge and best practices via a modern, and easy-to-use online platform,” said, Feroze Haidary, who is leading the investment round.

He added that, “OGES will create a dynamic and in-depth Knowledge Bank that becomes all the more valuable in an industry that relies heavily on experience, but goes through frequent boom and bust cycles. Applyifi’s involvement has been very valuable in allowing us to structure the transaction in a professional and effective manner within a short time frame.”

Applyifi is an online platform that converts startup applications into an elegant pitch deck, and provides investors with an in-depth, independent analysis and expert scorecard of the investment-worthiness of each business, based on 36 key metrics.  Applyifi’s goal is to enable more startups to raise capital, including those seeking investments between $ 50,000 and  $ 250,000 through co-investments by senior professionals, alumni groups, HNIs and experienced entrepreneurs who are currently not part of the startup investing eco-sytem.

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