Pawas Jain, the co-founder of Blue Box Media Pvt Ltd, which operates technology news site The Tech Portal, has acquired a majority stake in Jodhpur-based online incubation platform Startify for an undisclosed amount.
“The deal is a mix of cash and stock payment,” Pawas Jain told DEALSTREETASIA.
Founded by Indian Institute of Technology (IIT) Jodhpur students Himanshu Sikaria, Achyut Joshi and Anshul Agarwal in 2015, Startify helps entrepreneurs at a very early stage. It begins by offering users an interface to build and create a business plan thereafter it engages with them through experts review on their business plans.
It also acts as a networking platform for entrepreneurs, mentors and legal advisors, and allow entrepreneurs to apply to investors, incubators and accelerators across the country for funding or mentorship.
The incubation platform claims to have over 100 registered startups and more than 140 angels, mentors and incubators on board. It also has a partnership with Google Developers Startup Launch and E-Cell of IIT Mumbai.
Startify competes with the likes of StartupWave, a virtual incubation platform in Jaipur.