Founded in 2008, IndianStage.in has ticketed for over 12,000 events in 21 cities across India and abroad and serving over 5,00,000 consumers.
“This investment will help us continue to evolve our products and scale our business to meet demand from customers around the world,” he said.
Robosoft will use the money to hive off its subsidiaries 99Games and Global Delight as separate companies, as well as to expand its services.
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Much has changed since then. Gowda’s innovation is now being bought by the CIOs of large multinational companies among the likes of Aditya Birla Group and Tata Consultancy Services.
Jawad Ayaz, a serial entrepreneur who founded the firm six months ago, said the modular furnishing market in India is worth Rs 62,000 crore but mostly unorganised.
US-based venture capital firm Powerhouse Ventures, startup accelerator GSF and few Silicon Valley-based angel investors also participated in the round.
"The govt of India has initiated measures to promote entrepreneurship among women as it realises the role of women in national development,"
Accel Partners, the venture capital firm, that was one of the first investors in Facebook, and private equity firm SAIF Partners have put in about Rs 12 crore in Swiggy.
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"Now it is like, if I gave any information, tomorrow I can call the same people for help,we may collaborate or even form a company together', says an entrepreneur.
The fund will typically invest Rs 6 crore to Rs 31 crore in exchange for an equity of 6% in growth-stage companies that fits its investment criterion.
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