BackStartup consultancy SeedSphere Ventures launches new cell
SeedSphere will provide services primarily in healthcare, logistics, IT products and services, food-tech and retail verticals
Premium
Mumbai: Start-up consultancy SeedSphere Ventures LLP has launched a separate cell to support early-stage investment for start-ups. It will help start-ups acquire global business best practices and extend strategic support in meeting their legal, tax and regulatory requirements.
SeedSphere will provide these services primarily in healthcare, logistics, IT products and services, food-tech and retail verticals.
“The venture plans to bring together high networth individuals (HNIs), and companies eager to invest in these categories of businesses," said Niket Agrawal, co-founder at SeedSphere Ventures.
Sumit Maheshwari, another co-founder of SeedSphere, said the firm would provide expert guidance for structuring legal entities and stakes of promoters, shareholder agreements between promoters and transactional support in the investment process.
SeedSphere Ventures is promoted by chartered accountant Sumit Maheshwari and IIT-IIM alumnus Niket Agrawal. While Maheshwari is well experienced in raising funds for start-ups, mid-market and listed companies, Agrawal has expertise in areas of business development, operations, strategic consulting and innovation management.
As a prelude to further investments, SeedSphere Ventures has picked up a minority stake in Noida-based lifestyle startup 1to1Fitness. Its founder Rishab Chandra has confirmed the development. The start-up provides lifestyle online platform for healthy diet plans, exclusive work outs, health assessment, online lifestyle coaching and live yoga classes.
1to1 Fintess is also in advance discussions with various seed and venture capital funds for raising growth capital. “We are in the final stages of discussions with HNIs and few private equity firms for raising further funds," Chandra said.
SeedSphere is advising the start-up in fund raising.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
