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Graviky, Chattar Patar Raises Rs 1.8cr from Multiple Investors

by Chinmay Bidkar
October 17, 2016
in News
Reading Time: 2 mins read
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Graviky, Chattar Patar Raises Rs 1.8cr from Multiple Investors
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the-vault-campagn-26-aug-201617 October 2016, India :

Two Indian startups secure investments worth almost Rs. 2 crore in less than 30 minutes. Sounds unbelievable, doesn’t it? Astonishing as it might appear, this is exactly what is happening at The Vault, a one-of-its-kind Indian reality show which is providing a unique platform to aspiring entrepreneurs from across the country to fuel their dreams.

Indore-based Chattar Patar managed to raise funds worth Rs. 1 crore from Ameera Shah, Managing Director & CEO – Metropolis Healthcare Limited, Rahul Singh, Founder & CEO, The Beer Cafe, and Devansh Jain, Director – Inox Wind, in return of 26% of its equity.

Graviky, a Bangalore-based start-up, on the other hand, secured Rs. 80 lakh in investments from Mohit Goel, CEO – Omaxe Limited, in return of 1% equity and 7% India-exclusive commission, at an impressive valuation of Rs. 80 crore. Revol Wallet, the third start-up featuring in the episode, rejected the investment offer.

Jatin Goel, Creator, The Vault, said, “India, as a nation, is full of individuals with bright business ideas which can have a great impact on the society and economy as a whole. The Vault was established as a platform to give these would-be entrepreneurs from across the country a chance to give their business dreams a big boost by securing investment and garnering visibility. It is extremely heartening to see start-ups from cities like Indore participating in the show and winning investor confidence. We look forward to work towards our vision of taking entrepreneurship beyond big cities and making it a household concept across the country.”

The latest episode of the show saw two out of three start-ups appearing in it secure funds worth of Rs. 1.8 crore, underlining the difference that The Vault is making to the entrepreneurial landscape in the country. Image-SkillOutlook.com

Also read-
NEWS THIS WEEK YOU NEED TO REMEMBER!
FIRSTCRY ACQUIRES MAHINDRA’S BABYOYE FOR RS. 362.1 CR
Tags: Ameera ShahChattar PatarDevansh JainfundingGravikyInvestmentJatin GoelMohit GoelRahul SinghThe Vault
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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