Bengaluru: India’s 1st and one-of-its-kind investment platform cum television show – ‘The Vault’ witnesses yet another funding. In their second episode, Indian startups Chattar Patar & Graviky together seal Rs. 1.8 crore of funding from Omaxe, Metropolis Healthcare Limited, Inox Wind & The Beer Café. Seems this realty show is becoming fast track platform for entrepreneurs, as these two startups secured their investments within just 30 minutes. In the previous episode of ‘The Vault’, Medmonk and & Boxershorts had together grabbed Rs. 1.25 crore.
Chattar Patar, an Indore-based chain of eateries, managed to raise their fund worth Rs. 1 crore from Ameera Shah (Managing Director & CEO – Metropolis Healthcare Limited), Rahul Singh (Founder & CEO, The Beer café), and Devansh Jain (Director – Inox Wind), in return of 26 percent of its equity.
Graviky, a Bangalore-based startup, which performs scientific experiments mostly related to pollutions, managed to score Rs. 80 lakh in investments from Mohit Goel, CEO – Omaxe Limited, in return of 1 percent equity and 7 percent India-exclusive commission, at an impressive valuation of Rs. 80 crore. Another start-up featuring in this episode, Revol Wallet rejected the investment offer.
Jatin Goel, Creator, The Vault, says, “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. 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”.
These two startups, which came up with new concepts like, serving hawker style Indian street food (Chattar Patar), and making ink out of air pollution (Graviky), were grabbed by investors hand to hand, which is a good sign for all upcoming startups with bright new business ideas.