Skyline Ventures To Invest In Several Startups

September 05, 2020 13:50
Skyline Ventures To Invest In Several Startups

Skyline Ventures To Invest In Several Startups:- Hyderabad based Skyline Ventures India is keen to turn up a bridge between the companies and the investors. Skyline Ventures recently incorporated IT/ITES services in their portfolio. They are exploring this space as there are a lot of startups who are waiting for investments and can deliver efficient outputs. Skyline Ventures is now a technology venturing firm and is busy hunting for startups and growth-stage companies so that they could acquire a share of 25% to take these startups to the next level. The Chairman of Skyline Ventures, D Lakshmi Narayana during his recent interview said that they brought investment bankers along with a management team to their operations very recently.

Zaggle Prepaid Ocean Services

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"We have identified promising startups and we are in talks to invest and work with them closely. We can even explore the potential for equity investments in these startups. We are taking a close look at their business model before funding or investing in these firms. We can evaluate their ability and knowledge about their business" said Lakshmi Narayana. Skyline Ventures already inked a deal with Zaggle Prepaid Ocean Services, a Hyderabad based fintech company that allows digital payments through mobiles and credit cards. Skyline Ventures will support the digital programs of Zaggle.

MetroMedi healthcare

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Lakshmi Narayana also said that the medical segments have seen stupendous growth and Skyline Ventures is keen to invest in a healthcare startup MetroMedi which gained enough popularity in no time in Telugu states. MetroMedi is currently operating in seven cities of Andhra Pradesh, Telangana and Karnataka. Skyline Ventures and MetroMedi already inked an MoU recently. Skyline Ventures is also in talks with various startups in the T-Hub. Lakshmi Narayana said that they are also holding talks with an Australian startup to invest in the firm.  Healthtech, fintech and e-retail have ample space to explore and generate good revenues.

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