Akshaypat Singhania creates a Rs 100 crore fund for startups

Akshaypat Singhania, Chairman KH International of creates Rs 100 crore fund for startups

Akshaypat Singhania, the fourth generation of the Singhania family, has created a fund of Rs 100 crore to invest in lifestyle, healthcare, food and beverage companies and other startups.

The fund will look for startups in India that have built brands but are now struggling to raise funds for re-engineering. Based on India’s robust growth, a growing middle class and increasing consumption, Singhania the current chairman and MD of JK International, feels that there can be sustainable double-digit growth potential in healthcare and lifestyle sectors.

ALSO READ: Swedish e-scooter startup, VOI, raises $50 million led by Balderton Capital

As an established builder of businesses himself, he is identifying entrepreneurs who can combine skill with financial management capabilities.

“I am looking for companies with strong commitment, which have sustained profitable growth, should have better understanding of business model, understanding of future trends. I follow the mantra of ‘Invest and intensify’. I do not intend to only invest and wait for investments to appreciate, but also use my own experience to help the business grow larger to build a professional team, implement better processes, strengthen use of technology and to infuse transparency in the system so that the business can strive ceaselessly for growth and efficiency. The model should rest on a deep understanding of the business and deliver positive social impact,” said Akshaypat Singhania, chairman and MD, JK International says,

Born into an illustrious family with forefathers being legendary businessmen and philanthropists, Akshaypat Singhania is the scion of the fourth generation of the Singhania family. He is a keen aviator and a motor racing enthusiast.

Click here for Latest News updates and viral videos on our AI-powered smart news genie

LEAVE A REPLY

Please enter your comment!
Please enter your name here