Cricketer Yuvraj Singh backed YouWeCan Ventures has made four investments in its 3 months of existence as a Venture fund. YouWeCan ventures started in April this year has already made investments in startups like education services marketplace EduKart, online healthcare marketplace Healthians.com, logistics booking platform Moovo and mobile beauty and wellness platform Vyomo.
The Gurgaon based startup founded by Deepak Sahni, aggregates diagnostic labs, crowd sourced sample collectors, doctors and also makes patients’ medical records available online. They are currently in association with more than 300 hospitals and work with over 70 diagnostic centers to bring the best services and network operation abilities.Healthians, through its delivery partners in 22 cities has reached out to about 42,000 families, and touching lives of more than 1,00,000 families. Healthians.com previously raised investments from Healthstart, India’s first accelerator program dedicated to supporting start-ups in healthcare industry through funding, mentorship and other requisite support.
The Delhi based online education services marketplace EduKart raised $1 million funding from YouWeCan Ventures and United Finsec, the family office of the Holostik Group. EduKart is India’s leading education marketplace offering 2000+ degree, diploma, certificate, entrance coaching & K12 courses. Started by Ishan Gupta, an alumnus of Stanford University and Ankit Gupta, alumnus of IIM Kozhikode in 2011, EduKart raised $2M funding till date. The existing investors include Kima Ventures, AKM systems and angel investment from Vibhor Mehra.
Logistics booking platform Moovo raised seed funding from YouWeCan Ventures and other investors. Moovo is a startup by a team of IITians simplifying the complex business of cargo logistics down to the point of just pressing a button on its mobile app and hailing a truck: ‘Button Dabao, Truck Bulao!’. Moovo connects mini-truck drivers and users through technology to provide a convenient and efficient freight service. Currently the mini-truck market suffers from inefficient and lower capacity utilization, with the drivers sometimes not getting freight for days. This has affected the profitability of the mini-truck drivers and owners. By providing access to large pool of customers, MOOVO is ensuring lesser idle time for drivers onboard, and thus boosting their income. With a standardized and economical pricing, customers do not need to haggle for the rates with the drivers anymore.
Moovo, founded by IITians Abhishek Anand and Anjani Kumar, operated in Delhi-NCR as of now. Moovo competes with Blowhorn and The Karrier in Bengaluru and The Porter in Mumbai.
Mobile phone based beauty and wellness platform Vyomo raised undisclosed amount as seed funding from YouWeCan. Founded by Abhinav Khare and Poonam Marwah, Vyomo will work as an aggregator of salons, spas and stylists on its e-commerce platform in a model similar to that of Uber and Ola for taxis. Based out of Dubai, Vyomo plans to expand in Dubai as well as in India. Vyomo will face competition from startups like purplle, which raised investments from Blume Ventures, IvyCap Ventures, Mumbai Angels and Chennai Angels.
Earlier in April, YouWeCan Ventures started with a mission to help exceptional entrepreneurs to tap into new opportunities on their journey to build great brands, teams and companies. Yuvraj Singh along with Nishant Singhal are the founders of the firm. YouWeCan Ventures is the platform for seed capital, technology advisory, financial advisory, branding, marketing and PR. Yuvraj will endorse the business idea and give the kick-start these startups need.
Yuvraj will float about Rs.50 crore, mostly his own money, over a period of three to five years. In addition to this, they are planning to raise around Rs. 300 crores as well. The funding will be provided to companies in the following sector – healthcare, sports products, e-commerce, travel and tourism, hospitality and fashion.