Singh, by means of his agency YouWeCan (YWC) Ventures, has invested in a number of the startups which embrace Healthians, Holosuit, JetSetGo, EasyDiner, Wellversed and many others.
“Within the subsequent three to 6 months, we will probably be actively exploring new funding alternatives with the objective to contribute our bit to the Startup India motion. Our focus areas would be the well being tech, sports activities tech, meals tech and agri tech sectors,” Singh advised .
YouWeCan’s newest funding has been within the vitamin product startup Wellversed for an undisclosed quantity at an enterprise valuation of Rs 100 crore.
“By means of my basis and model YouWeCan, we’re all the time motivated to make a distinction in society and we all the time need folks’s lives to get higher. We undoubtedly have future plans to speculate aggressively within the coming 12 months. Hopefully it will likely be the perfect 12 months for everybody,” Singh stated.
He stated that investments had been on maintain on account of COVID-19 pandemic and Wellversed is the primary after the lockdown through which YWC Ventures has invested.
Sharing his expertise on investments, Singh stated that YWC Ventures began in 2013 and invested aggressively in 10-11 startups.
“Two solely took off. One thing it’s important to take that threat. Healthians in well being and Holosuit in augmented actuality and virtual reality have additionally been doing very effectively. I’m very completely happy now that 2-3 startups in our portfolio have turned up into large firms now,” Singh stated.
In accordance with a Tie-Delhi report, investments in startups are on the monitor of restoration put up lockdown.
On-line life insurance coverage, over-the-top platforms, digital e-commerce, on-line gaming, digital funds, on-line inventory brokerages, on-line grocery haven’t solely recovered by the top of September to pre-COVID interval but additionally seen development within the vary of 10-50 per cent.
Education expertise platforms and on-line medical insurance have recovered as much as 200 per cent, whereas on-line health and on-line telecommunication startups have seen as much as 500 per cent restoration, the report stated.
Automotive, journey and hospitality, mobility and logistics are among the many worst hit segments and there was a major drop of their funding. “Well being part has not been hit by Covid. If you take a look at Healthians, undoubtedly the well being phase has been good,” Singh stated.