Sat Industries invested Rs1.65 crore in 18 start-ups during last quarter; Stock gains ~6%

13 Apr 2022 , 10:14 AM

Sat Industries Ltd, one of the leading corporate angel investors in India and it has invested in multiple sectors across the start-up ecosystem.

18 early-stage start-ups across sectors such as FMCG, technology, finance etc. have raised a funding of Rs1.65 crore from Sat Industries.

During the quarter, Sat has invested an average cheque size of Rs11 lakh each in Raskik (FMCG), Healthy Barks (FMCG), BotSync (Robotics), Ethereal Machine (Tech), Broomees (Consumer), Castler (Fintech), Wizzy (Tech), CarterX (Logitech), Pension Box (Fintech), Red Basil (Food tech), PinBox (Fintech), Devnagri (Tech), Prescinto (Tech), Celsius (Cold chain Logitech), Pick My Work (HR-Tech), Fleek (Tech), and Flickstree (Consumer)

As per regulatory filing, Sat has also invested in Angel funds and VC funds such as 9Unicorn, India Quotient, Blinc Invest, Artha, Z Nation Growth Fund and Beams Fintech Fund. These funds in turn invests their corpus in various start-ups.

“Sat invests in seed stage and early-stage startups which have innovative business models and high potential for scaling by using new age disruptive technology.”

“We aim to foster the spirit of entrepreneurship and provide fuel for the growth of young innovative companies” said Asad Daud, Director of the company.

At around 10:14 AM, Sat Industries was trading at Rs46.25 apiece up by Rs2.5 or 5.71% on the BSE.