New Delhi: With international expansion plans in sight, Indian venture capital platform Agility Venture Partners has launched its global chapters in Dubai, Sydney and London on Thursday, March 18. The organisation announced the launch alongside their partners at each of these locations.
The three international chapters will expand Agility’s vision to foster startup ecosystems for relevant businesses at these locations. These chapters would provide startups, funds and mentors with a platform to exchange knowledge, resources and capital for mutual benefit.
“These international chapters are the next step forward in our international journey,” said Prashant Narang, Co-founder at Agility Venture Partners. “The next step would be chapters in Canada and Singapore.”
Agility has pegged Saleh Alobeidli, Partner, ICLO Dubai and Pravesh Kumar, Managing Partner, CasEngine to spearhead the Dubai chapter as partners. The duo explained the company’s outlook in the middle-eastern region. “Agility is building an amazing community of like-minded people who wants to learn about the startup ecosystem and invest in the right opportunities. Its simple and straight-forward workflow will enable many to invest in this sector,” said Pravesh Kumar.
“We believe Agility is the right partner to bridge the entrepreneurial market between India and the UAE,” added Alobeidli.
For the Sydney chapter, the group has chosen Kaushal Shourie, Senior Finance Business Partner for the New South Wales government, to lead the endeavour. When asked about their approach in the city, he said, “Our idea behind partnering with Agility is to create an umbrella of opportunities, benefitting Indian growth-stage, innovative startups, so that they can scale in international markets. Additionally, it would provide Australian investors with a platform to enter Indian markets, which will bring more technological advancements to both countries.”
Further Kaushal said “I believe this partnership will add significant value to the startup ecosystem in India and provide them with a great launchpad to validate and scale their solutions globally.”
The third chapter in London hopes to leverage the financial stronghold as a leading angel fundraising market. For this, they have brought Harpreet Jullka, MD SCS, to the table. He said, “Post-Brexit, the UK is looking to expand trading partnerships with higher growth markets. India, a higher growth market, is naturally poised to be a destination for savvy angel investors from the nation. UK’s financially strong Indian diaspora would also be keen to invest in their homeland. Agility Ventures has chosen the right moment to expand its membership network to the UK, and we see tremendous synergy and potential in this market.”
Backed by over 450 investors across five Indian chapters, Agility has also recently helped an edtech startup raise $100,000 in seed funding.