Sandeep Aggarwal, Founder, ShopClues & Droom, to invest Rs 20 crore in 12 start-ups by end of 2017
Healthcare, technology, retail, and data science app development to be the key focus areas
Published - 30-March-2017
Sandeep Aggarwal, Founder, ShopClues & Droom, has announced plans of investing Rs 20 crore in 9–12 start-ups by the end of this year. Ventures in the high-potential areas of healthcare, tech, and retail can look forward to the much-valued patronage and mentorship of Aggarwal.
Aggarwal, who has already invested in seven start-ups across various industry verticals is looking to expand his investment portfolio by entering the data science app development arena as well. Dekoruma, Wydr, Shopsity, Data Guise, Give Club, Duriana and Curo Healthcare have all received funding during the past few months. While Wydr, Shopsity and Curo Healthcare are Indian companies, the rest mostly belong to South East Asian markets and the Silicon Valley. He has also promised to invest more in interesting business ideas coming from Tier-2 and Tier-3 cities in India to encourage entrepreneurship and innovation in these areas. Aggarwal invested Rs 5 lakh in 2016 and there is a 6x increase in investments this year.
Speaking about his investment plans, Aggarwal commented, “The current health and success of Droom owes a lot to the faith bestowed upon me by my early-stage investors and the funding received from them. As an early-stage entrepreneur, I often felt helpless myself at the lack of funding and mentorship during the most crucial phases of my business. I have always strived to provide young entrepreneurs the necessary resources and guidance required to let them realize their vision. This year, too, will be no different and I will ensure in my personal capacity that no great idea is nipped in the bud due to lack of capital or the right guidance.”
Aggarwal frequently keeps investing in ideas that he finds interesting and even keeps a tab on the markets of foreign shores, as evident in his decision to invest in Dekoruma, one of the strongest home-décor platforms in Indonesia.
The serial investor has time and again stressed on the extremely important role technology plays in businesses of today and highly regards the possibilities of a tech-driven business to turn big. High-energy, passion, long-term vision, ability to take risks, the art of prioritization, and austerity along with the ability to implement technology well are some of the attributes Aggarwal believes to be important for entrepreneurial success.