Sarthi Group Launches Not For Profit Angel Platform
by Pranali Shah
Sarthi Group, a financial Solution company launched Sarthi Angel Venture Foundation, a not-for-profit angel platform for funding the startups, ET states.
The platform will be focusing on six sectors including agriculture and food processing, consumer, cleantech, e-commerce and information technology, healthcare and media.
The investment size can be up to $2 Mn and it can be done at any stage in the life cycle of the company, including when it is only an idea.
Mumbai-based Sarthi Angels is a group of high net worth Angels, corporate, PEs/VCs/Seed Funds, who share a passion for nurturing and investing in early stage businesses with solid business models and innovative ideas.
The company already has 100 angel investors registered with it. SAVF was targeting to close up to 6-7 deals of investments in first year and will also be working towards increasing the number of registered angels.
Sarthi Group was founded by Deepak Sharma and Anand Lakhotia in the year 2009. The Group provides a complete range of Customized Solutions to Individuals and Corporate under one roof offering best in the class services in various financial service domains. It already operates in investment banking, merchant banking, advisory services and has now forayed into angel funding network.
In this segment, Former V.P of Cloud Platforms at Citrix Systems, Ravi Gururaj is going launch an incubation centre for cloud computing ventures - Frictionless Ventures.
Essar-owned Aegis, a global outsourcing and technology services company, is planning overseas acquisition in South East Asia, Europe and Latin America worth R225 Cr, Et states. The company aims to expand its delivery centers in new geographies, after a gap of nearly two years during which the focus was on improving profitability. The company is in advanced talks with a BPO firm in SE Asia, however the discussions in other two geographies are in a preliminary stage.
Japanese conglomerate Sumitomo Group has acquired the auto leasing business of Carzonrent, the car rental firm, for an undisclosed amount. The acquisition was made through its JV company in India - SMAS Auto Leasing India.
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