Parampara Capital: funding growth stage startups6 years ago Shalini B
Funds often play a great role during the growth stage of a startup. Whether it is to acquire users, grow the business or to survive the competitive market, early stage funding can help a lot. Being backed by a reliable investor is undoubtedly an icing on the cake.
One such venture that provides early stage funding opportunities to entrepreneurs is Hyderabad based Parampara Capital, an investment firm working with the aim of not only funding new ideas, but also mentoring and supporting them to reach great heights. They strongly believe that in the “Parampara system”, knowledge (in any field) is passed down (undiluted) through successive generations and apply this principle to the entrepreneurial eco-System.
Parampara Capital has been initiated by Venkat Vallabhaneni, Sridhar Rampalli & Jatin Desai to encourage entrepreneurs with disruptive ideas and to handhold them to evolve into successful businesses. Venkat is a serial entrepreneur and evangelist with over 25 years of experience in technology and management. Jatin comes with over two decades of global experience in Technology delivering solutions for Wall Street banks, Fortune 500 companies, and SMEs/startup ventures in the US. He is the ex-CIO, Bank of America – Merrill Lynch, India. The third partner Sridhar (Founder Partner, Blue Ocean Multi Client Family Office) has been in the financial services industry for more than 14 years with varied experience in banking and wealth management. The team at Parampara Capital is strongly committed towards startup culture and has decades of expertise on technology, operational management, financial, and business strategy domains.
“Our belief is that the Indian startup ecosystem is in a unique situation – growth from here is not just going to be based on the business model or innovation given the competitive landscape. Along with strategic vision, execution & organizational development are going to be key differentiators. At Parampara, besides funding we would like to focus on offering support to the investee companies by synergizing the Promoters’ innovation & skills with our team’s vast local & global experience and develop a winning combination.” quotes Jatin Desai, one of the partners.
The Investment mantra or USP (Unique Selling Point) of the fund is be “Participative in nature”. They mentor and advice their portfolio companies on critical business skills and support them towards growth by providing strategic advice and guidance in execution and organizational development. Before funding any idea, the experienced and highly qualified team of Parampara carefully scrutinizes the entire idea in different stages and funds only those entrepreneurs that have high potential and zeal to carry on the business for a long term.
“Young companies need lot of support from investors to scale faster at every stage, apart from the capital. At Parampara, I have seen investors play a proxy co-founder role to add value to the startup, which is a an extremely useful but rare phenomenon.” says Jaydeep Reddy, founder of eVaidya, a healthcare startup which raised Rs 3.5 crore in early Feb 2014.
The team has had a track record in identifying startups with great potential across various domains. The partners’ prior investments include eVaidya.com from the healthcare space, Aries Biomed – an R&D company in the healthcare space, Violet Street in the fashion and e-commerce space, Zify – a technology startup and Energy Leader. Energy leader has been acquired by an American MNC in 2012.
Parampara Capital aspires to give wings to entrepreneurial aspirations. They are very keen on investing in growth stage startups that are using technology to innovate across healthcare, consumer product, financial and industrial verticals.
If you are a startup in the growth stage and are looking for seed fund to fuel growth, do join us for the the virtual Q and A on “Early Stage Growth Funds for Startups” on the Start-up Hyderabad’s Facebook page on Thursday, 23rd July, between 4:00PM and 5:00 PM and know more about what it takes to raise funds . Get all your questions answered by the experts at Parampara Capital – Jatin Desai, General Partner, and Sunayana Gutta, Investment Manager.
StartupHyderabad.com is neither endorsing nor recommending the fund for investments to any of the readers. This article is only to make entrepreneurs aware of venture capital funds they can approach for early stage investments.
This article is neither an advertisement nor an offer to sell securities and Parampara Capital is not soliciting investment into the fund.