One recurring trait of prosperous businesses throughout history is their quest for fresh, brilliant inventions that are poised to spark a world revolution. Aeronautics, autos, education, retail and any other industries you can think of all are examples of where these inventions can be found. This is something we can see in Mahindra group chairman Mr. Anand Mahindra.
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While everyone acknowledges his contribution to making the Mahindra Group the largest Indian business company, less is known about how he has invested in startups in a variety of industries as part of his personal effort to find the next Big innovation that has the potential to improve the lives of Indians and make India a better place to live. In this blog, we will explore the startups in which he has funded and we will examine how his contribution has helped them to raise high.
Here is the List of startups funded by Anand Mahindra
David Back and Greg Moran established Zoom Car in 2013. The head face of this autonomous driving rental vehicle business is in Bangalore. The Mahindra Group made a significant investment in this automobile leasing firm in 2018 totalling USD 40 million.
Currently, the business is successfully running in 45 Indian cities. The Mahindra company is investing in the startup as a part of its plan to promote eco-friendly transportation methods.
Mr. Anand Mahindra established his company’s foothold in the entertainment sector by obtaining a 25.8% share in Epic TV after seeing remarkable success in a number of sectors including commercial cars, logistics, steel etc. Epic Television Network Private Limited introduced an Epic TV channel in 2014 that was devoted to Indian history and mythology.
Mukesh Ambani, the richest billionaire in India who had invested in this channel latest sold his part to Mr Anand Mahindra. When the third co-founder Mahesh Sumant also sold his part to Mr Mahendra, he got the sole ownership of the channel.
Launching orbital class launchers for mini and microsatellites, this Chennai-based space technology business was founded in 2017. The Agniban rocket, their flagship offering, can support up to 100 kg of payload over a variety of orbits.
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They are now based out of the National Center for combustion R & D at the Indian Institute of Technology Madras, and they are the first startup to have signed an agreement with the Indian Space Research Organisation ( ISRO ) to utilize the space Agencies’ facilities to expertise to construct rockets. It received funding from Mr Anand Mahindra in May 2021, and also from a number of other Silicon Valley investors including Balaji Srinivasan. But this funding round is one of the biggest.
Ankit Kumar, Mofid Ansari, Pratyush Singh, Rajat Dangi, and Subhendra Vikram, students at the Indian Institute of Information Technology in Vadodara, founded the Gurugram-based form with the goal of creating a social network based on web 3.0. Hapramp Studio offers other tools like flips, which enable authors and poets to improve the aesthetic quality of their work, and 1ramp.lo, which page social media artists the same amount of cryptocurrency for their work on each platform.
With the assistance of a former Mahindra employee named Jaspreet Bindra, Mr Anand Mahindra tweeted in June 2020 that he had discovered an opportunity worth investing in at Hapramp Studio, an up-and-coming indigenous Indian business. He reportedly contributed about 7.5 crore INR to the startup according to numerous reports.
An organization called Nandi Education Support and Training Pvt. Ltd also known as NEST education, digital platforms to meet the demand for knowledge among urban Indian low and middle class population. With a distinctive Tech and brick education support approach that seamlessly integrates technology to assist students with their own personalized learning molecules, they have two learning centers operating for this purpose under the Moniker Alphabyte – the learning terminal. Mr Anand Mahindra and the Day Foundation invested around 4 crore INR in the NEST Education.
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The history of ThinkerBell labs began in 2016 when Dilip Ramesh, Sanskriti Dawle, Aman Shrivtastav, and Saif Sheikh, 4 undergraduate students of BITS Pilani Goa campus, participated in the Arduino-based project mudra. After this project when they got positive feedback they made the decision to go Up further and start a company called ThinkerBell Labs. The company’s mission statement is true and the Global issue of illiteracy experienced by those who are blind or visually impaired.
Their main offering is ‘Annie ‘, a pad with several buttons that aims to help visually impaired students learn Braille on their own through audio-guided courses, tests,s, and other activities. These classes are available in a variety of Indian languages including Hindi, Marathi, Kannada, and others. Anand Mahindra and the Indian Angel Network led by Rajesh Navaneethan and Manju Nath Naik invested a total of 1.3 crore INR in The Thinker Bell Labs play 2017.
SheThePeople.TV, a digital media venture devoted to showcasing the achievement stories of women achievers, was introduced in 2015 by journalist Shaili Chopra. In order to serve as role models for other women and demonstrate their indomitable spirit, they have chronicled the experiences of 10,000 women who have achieved success in their different industries.
These stories are written in both Hindi and English. Anand Mahindra made and undisclosed investment in the firm in 2016. The company stated that they will utilize the funds to start their program in regional tongues including Tamil, Telugu, and Kannada in order to increase their market reach.
The Mumbai-based food tech business Food Marshal Tech Services Pvt.Ltd was established in 2014 by Jamshed Pesi Shaw and Fida Jamshed Shaw to assist restaurants in connecting with their patrons. Customers can store their cuisine choices and interact with restaurants about feedback issues on this mobile app.
It gives listening and rating for free and instead has a fixed subscription price for restaurants choosing to use booking tables, coupons, and other services. It received an undisclosed amount from Mr. Anand Mahindra in September 2015. Other well-known business people include Ashish Hemrajani of BookMyShow also invested in DishCo.
Finally, it can be said that Mahindra’s strategic investments have been crucial in fostering innovation and promoting growth within the startup ecosystem. His support for a wide range of initiatives demonstrates his dedication to encouraging innovation and entrepreneurship, leaving a lasting impression on both the corporate environment and the society at large.
This was our selection of the Startups Funded By Anand Mahindra. We hope this is useful to you. The order of this list is random.
Frequently Asked Questions (FAQs)
Who is Anand Mahindra?
Anand Mahindra is a multi-billionaire Indian businessman and the chairman of the famous Mahindra group.
Why is Mahindra so popular?
The Mahindra group is so popular in India as well as in the world because it makes few models and most of them are successful as well and a large number of customers are very loyal to the company.
Name the Startups Funded By Anand Mahindra.
Startups Funded By Anand Mahindra are Zoom Car, Epic TV, AgniKul Cosmos, Hapramp Studio, NEST, SheThePeople.TV, DishCo.