Yuvraj Singh’s YouWeCan Ventures has invested an undisclosed amount in Startup Buddy, a Gurugram-based company that serves early-stage businesses.
The cricketer, who launched his venture fund in 2015, will join the board of Startup Buddy, even as he seeks to expand his engagement with start-ups.
Cofounded in 2015 by chartered accountants Manish Aggarwal and Amit Singal, Startup Buddy provides services ranging from incorporation, accounting and taxation to project advisory, legal and intellectual property-related work to startups in India and abroad.
“He (Yuvraj Singh) was impressed with the entire team and work culture and therefore also agreed to join the board of directors at Startup Buddy and would love to engage with more startups via Startup Buddy,” said Singal, the company’s Chief Executive.
“I really liked the idea of Startup Buddy’s one-stop solution for startups since they understand the needs of younger generation who are building businesses and are the first port of call for many first-generation entrepreneurs,” Yuvraj Singh said. The cricketer said he intended to contribute more to the startup ecosystem through Startup Buddy.
In the last two years of its operations, Startup Buddy acquired nearly 120 clients, such as Innerchef, Scoopwhoop, Internshala, Silverpush, Deyor, Gamezop, Coho, QDesq, Mamaearth, Better Butter, Burger Singh, Trupay, Advantage Club, Myadva, Zostel, Renomania, PriceMap, Joolz, Lakshya Digital, Kivaplus, Mockbank, Loanzen, Seenit and Niki.ai.
Startup Buddy has global partnerships with Rajesh Sawhney founded accelerator GSF, Redcliffe Capital of Dheeraj Jain and Amplifi, founded by Sudarshan Narayan. Startup Buddy is actively working with various funds to provide deal structuring, advisory, due diligence, legal services and business advisory work shop to its clients.
Source: The Economic Times
