Applyifi provides startups and investors a 36-point scorecard and assessment report, which helps startups understand their strengths and weakness and provides them actionable inputs to sharpen their business plans.
Entrepreneurship evangelist and startup mentor PrajaktRaut, announced the launch of Applyifi.com, a private platform for startups and early-stage companies to create a comprehensive and elegant online investor pitch deck.
Applyifi also provides startups and investors a 36-point scorecard and assessment report, which helps startups understand their strengths and weakness, and provides them actionable inputs to sharpen their business plans.
Startups can share their Applyifi profile with multiple investors or accelerators and incubators, including those not registered on Applyifi.
Applyifi will showcase only curated and verified, high-potential startups to investors.
Prajakt Raut said, “We want to make it easier for startups to reach potential investors. Also, we wanted to significantly expand the angel investor community in the country by making it possible for senior professionals, recently successful entrepreneurs and HNIs to discover curated and assessed startups that they can co-invest in.”
Typically, angel investor groups invest upwards of $500,000. However, a number of startups can actually get started with $50,000 – USD 100,000. Most existing angel investor groups are not able to invest in startups that are raising smaller amounts. Applyifi will, therefore makes it possible and easier for startups, whose funding needs are smaller than those serviced by angel groups and VCs, to raise capital from a larger base of senior professionals, entrepreneurs and investors.
Prajakt added, “Given the small size of the current investor eco-system, the number of startups that receive funding is very small. In a country like India we need 10,000 angel investors to provide capital for 1000s of aspiring entrepreneurs.”
Angel Investor and Founder of GHV Accelerator Vikram Upadhyaya said, “Platforms like Applyifi will help not just startups, but investors and accelerators as well, as they are making deal-discovery and deal-shortlisting very efficient for us.”
Angel Investor & Managing Partner of PVC, Peesh Chopra added “Applyifi.com is a great initiative which will nurture and mentor budding startups and help them come to the fore front and eventually connect with the right investors. At a time like this, when India is experiencing an upsurge in the number of innovative startups, initiatives like Applyifi.comare essential to bridge the gap between entrepreneurs and business leaders.”
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