Exclusive: Blue Box co-founder Pawas Jain buys online incubation platform Startify

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.

The Tech Portal, had recently raised a fresh round of funding.

Also Read:

Exclusive: Jaipur-based Blue Box Media raises angel funding

India Digest: Swiss Re launches startup accelerator; IITs put incubation plans on fast track

Oracle to set up nine incubation centres in key Indian cities

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.