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Investment In Start-ups On The Rise As Inventus Capital Puts $2 Million In eTechies.in

By on January 22nd, 2012 
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Inventus Capital Partners has invested $2 million in a unique start-up called eTechies.in, India’s first doorstep, online and phone support service for all kinds of digital devices such as PCs, laptops, printers, iPads etc. It functions as an “on-call and subscription” based tech support service for consumers and SMBs. It employees highly trained engineers, and provides service, support and repair in an organized way to SMBs who’ve traditionally been dependent on erratic and incomplete support of disorganized service centers.

eTechies is just one of the many start-ups which have been invested in lately. Seeders Venture Capital, although an early-stage investment firm run by two young professionals, has invested in six new start-ups in the past eighteen months. It has put about $50,000 to $100,000 in each - Shopo.in, Azoi, Plivo.org, CarSingh.com, Cropextechnology.com and Eduora.com. This surge in high-risk investment has made the space very busy and also very profitable.

The individuals behind Seeders, Abhishek Rungta and Pallav Nadhani have wide experience in handling data and Internet services, and after their recent investments, “now wish to go easy for a while and mentor these young companies.” The start-ups they’ve decided to back up are also look very promising, providing innovative services in their respective fields.

This is what Rohit Chaudhary, Co-Founder and CEO of eTechies has to say, "Key to our business model has been a passionate drive and commitment to offer the consumers & small businesses with best of the breed technical solutions, with a maniacal focus on meeting their needs around,quality and velocity" of our service delivery model.

The Investment from Inventus, a leading firm with a proven track-record in promoting the entrepreneurial eco-system, will further enable us to rapidly grow the service boundaries, add the right technology and attract the best talent to realize our goals. In particular, we are sure to leverage Kanwal Rekhi’s legendary experience and mentoring approach, to help us scale new heights”. While investment firms are providing these start-ups with essential capital to push their business forward, individuals from these firms are also associating themselves with these start-ups as in the case of John Dougery and Parag Dhol of Inventus Capital joining the eTechies board.

Sources: 1, 2

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Investment In Start-ups On The Rise As Inventus Capital Puts $2 Million In eTechies.in was originally published on Digitizor.com on January 22, 2012 - 1:50 am (Indian Standard Time)