Horses Stable closes deals worth Rs41.5cr with 18 Start-ups in India

Each shortlisted startup made a spot pitch to over 12 investors. The first season of fundraising by Horses Stable has come to a close and the second season is swiftly approaching.

May 20, 2019 07:05 IST India Infoline News Service

The first season of fundraising by Horses Stable has been a tremendous success as investors have agreed to invest 41.5 crore rupees with 18 startups. Furthermore, there are ongoing discussions between investors and startups to invest an additional 15 crore rupees. 14,000 startups from industries like e-commerce, technology, agriculture, animal husbandry, solar energy, e-vehicles, payment gateways, water conservation, and Ayurveda applied to participate in the first funding season of Horses Stable. With a proprietary Investor Readiness Report by Natio Cultus as its guide, an eminent jury shortlisted 553 startups from the 14,000 that applied, the 553 startups were shortlisted to 35 and then to 28. Each shortlisted startup made a spot pitch to over 12 investors. The first season of fundraising by Horses Stable has come to a close and the second season is swiftly approaching.   
 
Speaking about the success of their first season Prashant Agarwal Founder of Horses Stable said “Horses Stable first season has proven a tremendous success, but we didn’t expect anything less. We have a platform that is ideal to serve the startup ecosystem in the country. By bringing together leading investors and promising startups we contribute to the growth of the startup ecosystem in the country. Importantly we help promising startups find funding to expand their business. Judging by the success of our first season, we expect our second season to be even more stellar”. 

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