Founders-led investment platform for early-stage startups, We Founder Circle (WFC), has announced its plan to invest in over 10 startups within the first quarter of the financial year.
In a statement issued, We Founder Circle (WFC) said, “We aim to facilitate around $750K worth of funds for the startups in the quarter,”
“In the current quarter, the platform plans to focus more on startups based on – edtech, food tech, fintech, health, etc,” it added.
Speaking on the development, Neeraj Tyagi, Co-founder & CEO, We Founder Circle said, “Being an early-stage startup investor, we understand that budding startups need our support now more than ever. The pandemic has raised the very question of survival for many, including early-stage startups. In a scenario like this, only a founder can understand the daily challenges another startup founder goes through. Given this very reason, we have been able to connect renowned founders including – Ashutosh of Beardo, Ankit Mehrotra of Dine Out, Akash of Zypp Electric, Kushang of SupplyNote, Sujata Ex Co-Founder of SuperButtom, Apaksh of One Impression, etc, who have angel invested & mentored other new startups in this stage, through the WFC platform.”
“We are going as per our plan until now, targeting over 40 number of startups to fundraise deals by the end of 2021-22 financial year. Also, we are planning to launch a global accelerator program too, to catalyse the growth of the domain,” Tyagi added.
The startup had already facilitated funds worth USD 1.5M across 16 startups by the end of March 2021. Out of which 10 startups were funded in the first quarter of the year itself. The brand currently has over 1500 angels on its platform from India and abroad.