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Venture Capital
50kventures.com

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Investments

16

Portfolio Exits

2

Funds

1

About 50K Ventures

50K Ventures is an early-stage venture capital firm that invests in startups from emerging technologies such as artificial intelligence, machine learning, augmented reality, virtual reality, blockchain, Internet of Things (IoT), and robotics.

50K Ventures Headquarter Location

India

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Latest 50K Ventures News

Venture Garage Conducts “Find Your Investor” Programme in Hyderabad Supported by Kotak Mahindra Bank

Dec 3, 2019

Venture Garage conducted the first leg of the FY2019-20 edition of the Find Your Investor (FYI) programme in Hyderabad, in association with Kotak Mahindra Bank (Kotak) at the Indian Institute of Information Technology (IIIT). Over 18 investors including Endiya Partners, Touchstone Equities, 50K Ventures, Tomorrow Capital, Sprout Venture Partners and Pegasus Fininvest, and over 100 enthusiastic start-up entrepreneurs building next-generation technology-enabled businesses participated in the event, which is a fund-raising platform for start-ups. VCs discussing their funds’ investment decision process. From left to right: Vivek Kumar (Venture Garage), Vasudha Thirani (Tomorrow Capital), Abhishek Srivastava (Endiya Partners), Vikrant Varshney ( SucSEED Venture Partners ), Utkarsh Sinha (Touchstone Equities), Radhesh Kanumury (Arka VC), Uday Pilani (50K Ventures), Subhash Lode (Pegasus FinInvest), Anirudh Jayagopal (Sprout VP), Vineet Sagar (Venture Garage) In addition to covering the nuances of raising capital, banking and legal aspects, a set of shortlisted 20 start-ups also got to pitch one-on-one to investors in a speed dating format. A small sampling of the ideas not only demonstrates Hyderabad’s foray into technology, but that these start-ups are well on their way to building next-gen India that is dreamy, vibrant and cutting-edge. Key disruptive start-ups at FYI are working on areas such as: Building India’s first bionic prosthetic arm Vernacular online mock tests with an emphasis on State Level Exams End-to-end omnichannel solutions for small businesses to sell across 80+ countries ReCommerce Marketplace: Two-way, for used gadgets (smartphones, tablets, laptops) FDA compliance of products manufactured by global contract manufacturers Further, Kotak conducted a session on banking for start-ups which covered aspects such as a start-up focused current account, credit facilities and making the road just a little bit easier with a customised suite of banking solutions for start-ups. Puneet Kapoor, Senior Executive Vice President, Kotak Mahindra Bank said, “Venture Garage’s Find Your Investor programme is proving to be one of the key fund-raising platforms for start-ups with strong participation from both investors and start-ups. We are delighted to play our part in supporting the dreams of entrepreneurs. The Kotak Start-up Current Account is customised to meet the unique requirements of start-ups and help entrepreneurs scale their businesses and manage their day-to-day business needs efficiently.” The Kotak Start-up Current Account comes with a host of features such as no balance commitment for the first 12 months, customised payment and collection solutions to suit each start-up’s business model, corporate salary accounts for employees, special forex pricing, cost-effective payment solutions and trade forex solutions. Vikrant Varshney, Managing Partner, SucSEED Venture Partners said, “I had the privilege to moderate a very enriching panel with esteemed investment professionals and a very engaged audience who asked so many intelligent and pragmatic queries. We are happy that SucSEED was a partner to this event that did well on parameters such as quality of start-ups and investors, participation rate and engagement between start-ups and investors.” Radhesh Kanumury of Arka VC added, “It is generally hard to find quality B2B start-ups at events. Venture Garage did a good job at curating the pitching start-ups and ensured the right mix of B2B vs B2C start-ups particpated at FYI.” A key highlight of the program was a fire-side chat with Mr. Rajat Ojha, CEO of Gamitronics, which focuses on theme parks, next-gen museums and bringing smart toys in the market. An active angel investor, with a keen eye for adventure and technology, Rajat commented, “Founders need to be extremely focused on building technology with a clear problem-solution in mind and then execute.” Rajat related his story of his dream and the struggles he faced along the way, which fired up the entrepreneurs to dream big and strive hard to achieve their goals. While opening the session and equipping founders with an understanding of the psyche of venture capitalists, Vineet Sagar, Managing Partner at Venture Garage stated, “Founders must build a strong co-founding team with a focus on business models that can rapidly scale the enterprise to become a unicorn. VCs don’t like to invest in lifestyle businesses.” FYI FY2019-20 is being organised in five cities – Hyderabad, Bengaluru, Mumbai, Pune and Chandigarh. For more details on FYI FY2019-20 and to register, please visit www.venturegarage.in/fyi. About Venture Garage Venture Garage handholds startups to help them raise capital from its network of 700+ Angel Investors, Venture Capitalists, Strategic Investors and Family Funds. Venture Garage specializes in early-stage investments across Seed to Series B stages starting from $100K to $5mil. Established in 2015 and with offices present in Mumbai, Bengaluru and NCR, Venture Garage also manages a network of 30,000+ entrepreneurs. For more information, please visit the company’s website at www.venturegarage.in. About Kotak Mahindra Bank Limited Established in 1985, Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank – Kotak Mahindra Bank Ltd. The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. As on 30th September, 2019, Kotak Mahindra Bank Ltd has a national footprint of 1,512 branches and 2,429 ATMs, and branches in GIFT City and DIFC (Dubai). For more information, please visit the company’s website at www.kotak.com.

50K Ventures Investments

16 Investments

50K Ventures has made 16 investments. Their latest investment was in Automate.io as part of their Seed VC on November 11, 2017.

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50K Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/9/2017

Seed VC

Automate.io

Yes

1

11/9/2017

Seed VC

Evolve Snacks

$0.15M

Yes

1

5/5/2017

Seed VC

i-lend.in

Yes

1

2/8/2017

Seed VC

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$99M

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10

6/13/2016

Seed VC

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10

Date

11/9/2017

11/9/2017

5/5/2017

2/8/2017

6/13/2016

Round

Seed VC

Seed VC

Seed VC

Seed VC

Seed VC

Company

Automate.io

Evolve Snacks

i-lend.in

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Amount

$0.15M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

50K Ventures Portfolio Exits

2 Portfolio Exits

50K Ventures has 2 portfolio exits. Their latest portfolio exit was Automate.io on September 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/8/2021

Acquired

1

9/24/2018

Acquired

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10

Date

9/8/2021

9/24/2018

Exit

Acquired

Acquired

Companies

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Valuation

Acquirer

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Sources

1

10

50K Ventures Fund History

1 Fund History

50K Ventures has 1 fund, including 50K Ventures I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/18/2017

50K Ventures I

$1M

1

Closing Date

4/18/2017

Fund

50K Ventures I

Fund Type

Status

Amount

$1M

Sources

1

50K Ventures Team

2 Team Members

50K Ventures has 2 team members, including current Managing Partner, Sanjay Enishetty.

Name

Work History

Title

Status

Vineel Nalla

Founder

Current

Sanjay Enishetty

Managing Partner

Current

Name

Vineel Nalla

Sanjay Enishetty

Work History

Title

Founder

Managing Partner

Status

Current

Current

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