Mumbai headquartered
IvyCap Ventures, has announced the opening of its new office in Bengaluru. Located at MG Road, one of the most sought-after business address in the city, IvyCap Ventures’ new office is headed by Anju Gupta, who is also the co-founder and president of IvyCamp. An initiative by IvyCap, IvyCamp is India’s first online marketplace for innovation and entrepreneurship, that leverages the power of the Global Alumni Network.
For IvyCap, the Bengaluru office is strategic to greater and direct access to its pool of budding entrepreneurs and its vibrant ecosystem of talent, mentors, accelerators and incubators to start-ups, with whom IvyCap actively partners with. Bengaluru recently stepped up four places and acquired the 15th position in the overall world ranking of Genome’s Global Index, now known as Compass in the startup hub ranking list.
Anju Gupta holds a degree from IIT Delhi and a M.S. & PhD from Stanford University, California. She has over 15 years of experience in the Product Management and Marketing in the software industry. Having worked closely with organizations such as the Federal Emergency Management Agency, the Office of Emergency Services, PG&E, Insurance Companies, and with Risk Managers in the commercial sector, she has invaluable knowledge of the risk management needs of specific sectors and organizations.
“I’m looking forward to extending my role with IvyCap. Bengaluru has been a technology and IT hub for a while now, and has naturally evolved into a breeding ground for startups and new entrepreneurs. It provides the requisite ecosystem, with its famously cosmopolitan culture, agreeable climate and a young, enthusiastic populace and we feel very fortunate to collaborate with young talents who come up with some really exceptional ideas,” said Anju.
“Bengaluru accounts for nearly 40 percent of all new ventures launched in India. We have been fortunate to have had an opportunity to work with some really exceptional entrepreneurs such as Aujus, an IT risk management company, Fieldez that provides computer software and Bluestone, an online jewelry portal that are Bengaluru based. We will continue to draw on the rich and varied talents as well as collaborate with the ecosystem of mentors and incubators to find exceptional entrepreneurs and ideas”, said Vikram Gupta, Founder & Managing Partner, IvyCap Ventures.
IvyCap
is guided by an entrepreneur-centric investment approach with a focus on
high-quality professional entrepreneurs from premier education institutions of
the country.
IvyCap's investment philosophy is to
invest in Early to Growth Stage companies, with highly scalable and innovative
business models and demonstrated sales. Although structured as a sector
agnostic fund, key focus sectors include Healthcare, Education, Food based
businesses, Technology, e/m-Commerce and other innovation oriented businesses.
Select portfolio companies include - Reuters
market Light (Agri information
and transactions), Aujas (IT/ Cyber security), FieldEZ (Field
force management), Vinculum (Retail software specialist), Leixir Lab Group (Dental labs), eShakti (Customized clothing), Purplle
(Beauty and grooming), Sokrati (Digital advertising technology), Clovia
(Online lingerie/ nightware), BlueStone.com (Online jewelry).
IvyCap is also building a strong
entrepreneurial ecosystem across educational institutions of the country.
Towards this goal, IvyCap has created a unique "Give Back" program to
share part of its own profits with the educational system of the country,
primarily to encourage further entrepreneurship. Under this program, 5% of the
Fund's total profit will be contributed from the share of IvyCap's profits to
the respective Alma Maters (or institution of the choice) of the investors in
proportion to their contribution to the fund, for promoting further
entrepreneurship.
