India: Entrepreneur First to invest in 6 deep tech startups in third cohort

Photo: Reuters

UK-based investor Entrepreneur First (EF) is backing six Indian deep tech startups, as part of its third cohort, focusing on cutting-edge technologies such as Artificial Intelligence (AI) and Machine Learning (ML) across different industries.

Co-founded in London in 2011 by Matt Clifford, EF entered India last year to promote tech startups in the country. The talent investor has supported over 200 founders and helped create and invested in 20 Indian tech start -ups in the 18 months since its launch.

EF’s investment strategy bridges traditional venture capital funding and startup development by investing in talented entrepreneurs and companies at early- and pre-seed stages.

“The scale of this year’s global crisis is unprecedented. However, this hasn’t stopped Entrepreneur First’s third cohort of ambitious and talented founders to start globally relevant companies here in India,” said Matt Clifford, co-founder and CEO, Entrepreneur First.

“We are very bullish on Indian tech entrepreneurs, and are committed to supporting them even through the current economic situation.” said Esha Tiwary, General Manager, India, Entrepreneur First.

In this round, EF has invested a pre-seed amount of $55,000 in six tech startups that are using deep learning technologies like AI, ML, 3D computer vision to solve problems across industries.

“The founders from this third cohort have faced incredible headwinds and adversity. But we continue to be impressed by their resilience and resolve to build globally important companies,” added Tiwary.

EF has placed its bets on six startups that use technologies like AI, Ml and 3D computer vision to build solutions across different verticals are MedPay, Retail Pulse, LitmusEye, Vadoo, Marlin and BrainEntech.

“EF puts you with some of the best capable and outstanding individuals. Being in this cohort really pushes you to perform at your top-level. The best part is, you come out with an amazing group of friends and a network that is unbeatable,” said Zaraif Hossain, co-founder & CEO at Retail Pulse, that uses computer vision to empower consumer goods businesses to harness data from retail stores.

Since its launch, the investors have seen a high quality of founders and startups at EF India and are convinced that world class innovative technology-led startups can be created from this region. EF continues to work with other ecosystem players and investors to create a robust structure for supporting early stage tech entrepreneurs in India.

This article was first published on livemint.com

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.