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Angel Investor (Individual)

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Investments

7

About Yogesh Chaudhary

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Latest Yogesh Chaudhary News

Japan's Incubate Fund backs Fintech startup Olly-credit

Oct 27, 2017

Japan's Incubate Fund backs Fintech startup Olly-credit his round of funding has also been contributed by Sandesh Kirkire, Former CEO of Kotak Mahindra Asset Management Company and Yogesh Chaudhary, Director, Jaipur Rugs. Taslima Khan  |  ET Bureau  |  October 27, 2017, 09:00 IST Japan's Incubate Fund has in vested an undisclosed amount in Delhi based startup OllyCredit , a fintech startup that offers micro credit cards with a dynamic credit limit of upto Rs. 20,000. This round of funding has also been contributed by Sandesh Kirkire, Former CEO of Kotak Mahindra Asset Management Company and Yogesh Chaudhary, Director, Jaipur Rugs . Incubate had launched a $91 million fund two years ago for backing early-stage startups in India, North America and Asia. It invests in India out of a $5 million investment vehicle set up specifically for India investments. It has invested in seven Indian startups including co-living spaces startup StayAbode and B2B FMCG platform ShopKirana and usually invests in ticket sizes ranging from $200,000 to $500,000 in startups. Nao Murakami, General Partner, Incubate Fund India said, “Olly is not a lending company but a credit card provider for masses. Lending and credit card are two different things and we think credit card is more convenient and could potentially be deeply tied into Indian masses daily life.“ Olly is a niche offering that works for blue collared employees aiding them with their month-end expenses on essentials like groceries and bill payments. The company in collaboration with DCB Bank targets employees of hospitality and healthcare sector with a starting salary of Rs. 11,000 to extend essential credit through micro credit-cards. Ashwin Bhambri, the CEO of Olly said, “Traditionally banks offering credit-cards have targeted only the creamy-layer evident by the fact that there are just 16.4 million credit cards users in India. Every working Indian should have a credit card and never fall short of basic purchasing capacity for groceries, bill payments and other essentials." The company which follows a B2B2C user-acquisition model boasts of a corporate client list which includes Piccadily hotels, ITC Hotels, Cygnus Group of hospitals and Samsung.

Yogesh Chaudhary Investments

7 Investments

Yogesh Chaudhary has made 7 investments. Their latest investment was in Corefactors as part of their Angel - II on November 11, 2019.

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Yogesh Chaudhary Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/7/2019

Angel - II

Corefactors

Yes

2

6/4/2018

Seed

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$99M

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10

1/3/2018

Angel

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$99M

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10

10/27/2017

Seed VC

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$99M

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10

4/14/2016

Angel - II

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$99M

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10

Date

11/7/2019

6/4/2018

1/3/2018

10/27/2017

4/14/2016

Round

Angel - II

Seed

Angel

Seed VC

Angel - II

Company

Corefactors

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

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