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Angel Investor (Individual)

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Investments

11

About Farooq Adam

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Latest Farooq Adam News

You can win only if you have scaled better than others, says Reliance backed Fynd founder Farooq Adam

Jul 1, 2021

Journey as an angel investor Farooq’s first investment goes back to 2013 in drone maker company IdeaForge. This was a company where one of his campus friends used to work. “The simple idea was essentially to invest in people from campus starting up their venture. Our cheque size used to be relatively small, between Rs 25 lakh to Rs 50 lakh,” he adds. Although this seems a relatively small ticket size in the current scenario, at the time there weren’t any pre-Seed rounds or Angel syndicate. It was much tougher to raise capital then, especially the first round. Later in 2017, Farooq institutionalised a fund called FirstCheque. From 2013 to now, Farooq has dabbled in around 30 investments. He is now targeting one deal a month with a focus on consumer internet, enterprise, and SaaS among others. “Those are things that I really understand. I don’t understand edtech, and healthtech for that matter, even though these are really hot subjects, but consumer internet SAAS I do understand,” he adds. In this episode of 100X Entrepreneur Podcast, Farooq also talks about the early days at Shopsense (rebranded as Fynd), getting rejected by investors during the first round, and his plans ahead as an Angel Investor. To know more, listen to the entire podcast here Notes 05:01 – Initial stint with Adsale; adding another sale by recommendations & coupons 10:12 – Visiting Diesel (clothing store) on Juhu Tara Road (Mumbai) 14:58 – Problem statements solved by Shopsense 17:24 – Getting benchmarked against Capillary Technologies by investors 22:40 – Rebranding Shopsense as Fynd to cater to the hyperlocal marketplace 31:26 – “How & when you collect your NPS is very interesting.” 32:08 – Acquired by Reliance after getting Google-led Series-C funding 51:39 – Experience as an Angel investor 52:10 – Co-investing with First Cheque VC 57:47 – Advice to his portfolio companies 59:44 – Book recommendations for founders   Edited by Anju Narayanan

Farooq Adam Investments

11 Investments

Farooq Adam has made 11 investments. Their latest investment was in OneCare as part of their Seed VC on November 11, 2021.

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Farooq Adam Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/22/2021

Seed VC

OneCare

$1M

Yes

2

7/14/2021

Seed VC - II

BurnCal

$0.33M

Yes

1

2/9/2021

Seed VC

GlobalFair

$2M

Yes

1

12/15/2020

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

11/30/2020

Seed VC - II

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$99M

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10

Date

11/22/2021

7/14/2021

2/9/2021

12/15/2020

11/30/2020

Round

Seed VC

Seed VC - II

Seed VC

Seed VC

Seed VC - II

Company

OneCare

BurnCal

GlobalFair

Subscribe to see more

Subscribe to see more

Amount

$1M

$0.33M

$2M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

1

10

10

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