About Me

 

Utilizing this digital window to share my understanding of the funder and founder relationships and….
several other things that intrigue me!

Grip, ERPNext

My Funding Picks For Last Week (W49)

Every Monday, I sit with my team to review the funding activity of the previous week. From that list, I pick out three companies that I would have loved to invest in or find founders doing similar things. Click here to know about my rationale behind this weekly exercise. 

Last week, 23 startups raised $501 million. While we are finally back to funding happening more frequently (almost a deal announced every 7 hours!), this is just a precursor for things to come. I would expect December to only get bigger and better as funds look at closing out this year at a high! 

This week, 15 deals were in the early-stage rounds (compared to 11 last week), which made the cut for my weekly analysis. After sifting through the news (aggregated from TracxnInc42, and YourStory), I picked two as my favorite funding news from last week! 

NameGrip 

Amount Raised: Undisclosed from Anicut Angel Fund with participation from Gemba Capital and other angel investors. 

What does Grip do? 

Edited from Tracxn: Grip Invest is an online platform for investing in physical assets such as vehicles, equipment, furniture, among others. It provides tools for leasing investments to corporates, availing monthly rentals, and connecting users and asset owners. Also, acts as collateral to manage overall risks and depreciation of assets. 

Why do I like Grip? 

Millennials and established HNI‚Äôs have become obsessed with the idea of passive income. Since the early days of making high-interest rates from banks are long gone, these new platforms will pique investor interest. As investors in LenDenClub, have investor interest the platform go up 20x in the last four months. 

Therefore, if the asset risk and investor expectations get managed prudently, Grip can make logical sense in a diversified fixed-income portfolio for a millennial. 

 

NameERPNext 

Amount RaisedRs 10 crore from Rainmatter 

What does ERPNext do? 

Edited from Tracxn: ERP next is a web-based open-source ERP software on cloud for small and medium businesses. Its solutions include accounting, CRM, HRM, project and sales management, warehouse management. The software has a Model-View-Controller architecture with metadata modeling tools that add flexibility for users to adapt the software to unique purposes without the need for programming. It provides an embedded reporting system with office suite integration along with report customization. 

Why do I like ERPNext? 

ERPNext is a brilliant platform that is looking at breaking the monopoly of SAP or Oracle at the fraction of the price. I believe that this is a much-needed platform. Nithin’s endorsement gives a lot of confidence in the stability of the company and the quality of the technology therefore more power to them! 

 
COMMENTS
  • Jai Singh
    February 11, 2021

    Grip investment is safe ?

    reply
    • Himanshu Pardeshi
      February 25, 2021

      I have similar question. do let me know if you find anything.

      reply
  • Bhargav
    January 11, 2021

    Hello sir,
    We the team from Visakhapatnam Andhra Pradesh. This message is regarding the startup on which we have workout and made revolutionary business plan which generates the revenue more effectively and creates an impact and its own mark on currently leading technological world . This application or business plan will attract users like anything which could not imaginable, we are requesting you to allow us to present ourselves regarding our business strategy which makes a big success and creates a great impact if we both work together on it.

    We hope for a positive reply
    Thank you sir.

    reply

Leave a Reply