New Delhi, December 29, 2020- We Founder Circle (WFC) – a startup investment platform, has successfully closed 8 startup investment deals within 100 days of its operations. The platform works on founders-backing-founders model, allowing facilitation of funds for startups at seed investment stage. WFC enables investments of USD 50K- USD 150 K amount in early -stage startups that are fueled with ambition, sustainability and strategic approach.
Until now the platform has successfully conducted 03 open pitch session & few direct curation in which it has raised funds for 8 startups including Anveshan, Belora Paris, YPayCard, Knocksense, Deciwood, Humus, Vidyakul & Couch Fashion. The startups hail from fields including- Edtech, Fintech, AI, Fashion, Agrotech etc. WFC has already invested over USD 400K in total since its inception. The brand has over 500 angel investors in its community to strengthen the platform and enable fundraise as per the startup requirement.
Renowned startups founders like Ankit Mehrotra of DineOut, Ashutosh of Beardo, Deepak Tuli of Goibibo, Deepak Sahni of Healthians, Akash of Zypp, Kushang of SupplyNote, Rohit Raj of Chatrbox have joined the Founders-Backing-Founders community by WFC to scale up the startup economy in India. Apart from financial support, the platform also provides access to cross-border founders community, peer-to-peer learning, access to global acceleration programs, business development opportunities etc.
“When a startup is at seed stage, investors work on credibility of the founder and not just the startup model. If a founder is seeking financial support and has rapport in founders’ community, it becomes easier to arrange funds. We Founder Circle has only become more relevant during the current unprecedented times. Due to pandemic funds have gone dry and startup community has come to a standstill. It is the time when things can only recover with mutual support. Hence, we are working on founders-backing-founders model to refuel the community. We have already closed 8 deals in just 100 days of operations which proves that the model is the need of the hour,” said Mr. Neeraj Tyagi- CEO & Founder, WeFounder Circle.
The platform is already in aggressive talks with over 30 startups and aims at going on a funding spree in the first half of 2021.
