Shaadi.com owners look to invest in media start-ups
Hotline: 1800 102 2007
X
Search Business Opportunities
2014-10-14

Shaadi.com owners look to invest in media start-ups

People Group will look to invest from around Rs 15 lakh to about Rs 12 crore from its balance sheet.

People Group, the company which owns and operates matrimonial portal Shaadi.com, is turning an investor and looking to back media-related start-ups and peer-to-peer networks with early stage capital, according to a report published in Economic Times.

 

"Early-stage startup ecosystem is still in its infancy in India and new ventures struggle to hire and scale up," said Anupam Mittal, founder and chief executive of People Group, adding that this is something that the company will seek to address through its investments.

 

Mittal has been an active angel investor with over 40 investments in businesses including online cab booking venture Ola and software start-up Peelworks.

 

People Group will look to invest from around Rs 15 lakh to about Rs 12 crore from its balance sheet. The firm announced its first investment earlier this month by participating in the Rs 1.8 crore round of Flinto, maker of educational activity kits for children, along with GSF Superangels and other investors, the report states further.

Related opportunities
  • Preschools
    About Us: Junior DPS is the new chain of DPS family..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Tax Consulting Services
    About Us    Barpute Consultancy is into the business of Consultancy on..
    Locations looking for expansion Delhi
    Establishment year 1996
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 90
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Beauty Salons
    About Us: Started in 1997, Carlos Conde is Spain’s fastest growing..
    Locations looking for expansion New delhi
    Establishment year 2004
    Franchising Launch Date 2015
    Investment size Rs. 50lac - 1 Cr.
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi New delhi
  • Quick Service Restaurants
    About: Pocket Café is a popular and happening hangout café brand..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts