IIM-A incubation platform to invest in 50 new start-ups over a year

CIIE.CO says it has a record of helping 1,200 start-ups and investing in 350 of them

Aryaman Gupta New Delhi
startups, unicorn, funding, fintech, companies, firms

CIIE.CO, IIM Ahmedabad’s incubation platform, said on Wednesday it will invest in 50 new start-ups over a year. The investments would be across sectors and focus on technology, digitisation and sustainability.
“Over the next 12 months, we are committed to investing up to $100,000 each in 50 early-stage startups. We aim to continue to build our deep-tech portfolio across some of the exciting white-spaces, including digital therapeutics and diagnostic-pathology in the health-tech segment,” said Vipul Patel, partner, seed investing at CIIE.CO.

“We are also looking at investing in breakthrough-solutions enabling decarbonisation, and enterprise-grade solutions powered by generative AI, amongst others,” he said.
CIIE.CO said it has advised more than 5,000 entrepreneurs, helped 1,200 start-ups and invested in 350 of them. In 2022, it invested in 70 pre-seed and seed stage start-ups. CIIE.CO’s portfolio raised more than $50 million in follow-on funding last year. Its portfolio of start-ups include Agnikul, IdeaForge, Biosense and PerkinElmer.

“We are also excited about investing in sectors such as gaming and the creator economy that cater to millennials and younger generations as they seek unconventional work opportunities,” said Patel. 

Also Read

AIGF urges TN to reconsider online gaming ban, says move 'unconstitutional'

IIM Ahmedabad ranked top MBA college in India, followed by IIM-B, IIM-K

How is game of skill different from game of chance?

Indian gaming to add 100,000 jobs in FY23, grow five-fold in 7 years: Study

Gaming industry needs regulation, not ban: CEO, E-Gaming Federation

20 women-led startups in pipeline to become unicorn, finds a study

IFSCA committee to explore ways to bring home Indian start-ups

ESOPs: Market regulator Sebi could tweak regulations for start-ups

Indian startups have deposits of about $1 bn in SVB: Deputy IT minister

Fundraising woes remain for fintechs in the face of a revival of big bets

First Published: Mar 22 2023 | 1:16 PM IST

Explore News