FundEnable, a technology platform that upskills and prepares entrepreneurs to raise capital, has raised undisclosed seed funds from BSE’s BIL Ryerson Technology Startup Incubation Foundation (BRTSIF), under the Government of India’s NIDHI Seed Support System, along with other prominent angels including Rachit Poddar.
Commenting on the same, Prutha Atre, Founder of FundEnable said, “Today, raising funds is every entrepreneur’s aspiration. But fundraising is tricky & not many understand it to have a strong strategy. Founders often get stuck at very basic points such as how much stake will be diluted or how to prepare for due diligence. We have designed FundEnable to accommodate every entrepreneur’s unique fundraising journey by providing tangible resources and affordable, qualified guidance for raising a round of capital.”
FundEnable demystifies the fundraising process and helps entrepreneurs tackle it step-by-step. On this platform, entrepreneurs get access to a comprehensive repository of online courses, tools, and templates. The courses explain the intricacies of fundraising such as cap tables, dilution, financial model, valuation, etc in the Indian context. The tools & templates for business plan, cap table, term sheet, sector multiples, due diligence checklists, etc, enable entrepreneurs to translate their learnings into tangible progress in their fundraising journey. On-platform 1-on-1 mentoring is now also available for entrepreneurs.
Commenting on the same, Hemant Gupta, Managing Director of BRTSIF, said, “To us at BRTSIF, FundEnable is a prime example of Indian start-ups creating disruptive and systemic solutions that address prominent pain points in their target market. FundEnable has created a platform that is not only fit for the Indian market but has global relevance. FundEnable represents an ideal start-up for which the NIDHI-SSS scheme was designed, and we are proud of incubating and funding FundEnable. I wish FundEnable, Prutha Atre, Vikrant Potnis and the entire FundEnable team all the best”.
Rachit Poddar, Executive Director Rachit Group and Co-founder of Marwari Catalyst Ventures says, “It gives me immense pleasure to join FundEnable, from where I started my journey in venture capital. FundEnable has been instrumental in the fundraising journeys of hundreds of entrepreneurs through their dedicated technology platform. FundEnable’s partnership with incubators across the country will help emerging startups to raise a round of capital & foster economic growth in private capital markets.”
To date, FundEnable’s team has raised over INR 200 Cr for Indian startups. FundEnable’s platform is currently providing fundraising support to over 1,500 entrepreneurs with ventures across 30+ sectors including defense tech, logistics, F&B, e-commerce, enterprise SaaS, cleantech, health tech, etc. 90% of entrepreneurs subscribing to FundEnable are early-stage ventures looking to raise their first round of funding while 11% have raised pre-series rounds of capital & are now seeking Series A funding.