Petrichor Investments today announced its operations as a Venture Builder for start-ups in India. Over the past year, Petrichor has invested in 6 start-ups that have shown double the growth since their inception. Petrichor Investments positions itself as a hybrid and impact-based venture capital firm.
Petrichor currently nurtures startups like; Flowbook, Magnum Wings, Brundavan Farms, PsyBe Labs, Duncan & Ross Projects and En-ripe. Through these start-ups, Petrichor aspires to support 5 Lakh farmers, 1 million students, recycle 100 MLD of industrial wastewater and create a 100% carbon neutral business by 2025. The company focuses intensely on key economic pillars to boost the business building ecosystem. by providing investment capital, technical expertise, and business and marketing support to start-ups to have lasting impact and create value across the ecosystem.
Petrichor believes in the early identification of innovative start-ups with innovative ideas that would help their respective sectors grow in a sustainable way. The sectors they currently address; Agriculture, defense, EdTech, renewable energy and wastewater management, and people-centric solutions.
“Any startup needs four things: visibility and collaborations in the market, internal structure for smooth operation, talent acquisition and technology as an enabler. This is exactly what we provide to create a valuable ecosystem for startups we invest in. Today, India is emerging as potential ground for new business ideas and is already attracting the attention of global investors. hurdles by backing start-ups and providing all the support needed to start the business.We also strongly believe in investing in the right people with the right ideas at the right time.” Said, founder of Petrichor Investments, Sravanth Devabhaktini.
Petrichor Investments plans to create at least 4 start-ups each year with a long-term goal of onboarding 25 start-ups within the next 5 years as part of their future roadmap.