[Exclusive Interview] This VC Firm & Startup Accelerator Is Determined To Democratize Fundraizing In India

Recently, we interacted with Mr. Prateek Tosniwal, Co-founder of IVY Growth Associates – a venture capital firm and start-up accelerator, aiming to democratize fundraizing in India.

Here are the interview highlights:

How and when you started IVY Growth

IVY Growth was founded by Rachit Poddar, CA. Prateek Tosniwal, Sharad Todi, and CA. Mehul Sir in September 2021 with the objective of supporting and facilitating fundraising for startups. The founders recognized the need for a platform that could connect promising startups with potential investors and provide them with the necessary resources and guidance to accelerate their growth. With their collective expertise and passion for entrepreneurship, they established IVY Growth as a platform to empower startups and contribute to the thriving startup ecosystem. Since its inception, IVY Growth has been dedicated to helping startups succeed by providing them with access to funding, mentorship, and networking opportunities.

How is the journey so far, and What are the key investments to date?

Since our inception, the journey has been exciting and filled with growth opportunities. We have successfully made over 70 investments, spanning across various stages from seed to Series B. Some of our notable investments include Zypp Electric, BluSmart, Emotorad, Healthysure, and several others. These investments represent a diverse range of industries and showcase our commitment to supporting innovative and high-potential startups. We are proud of the progress our portfolio companies have made and look forward to continuing our journey of supporting and empowering startups in their growth and success.

How do you see the Indian startup ecosystem?

The Indian startup ecosystem holds immense potential and is poised for significant growth. We see a bright future for the ecosystem, with the emergence of numerous unicorns and high-growth startups. The increasing availability of funding, supportive government policies, and a thriving culture of innovation are contributing to the growth of the ecosystem. Additionally, the growing digital penetration, young demographic, and the adoption of technology across sectors are creating a conducive environment for startups to flourish. We are optimistic about the opportunities that lie ahead and remain committed to playing our part in supporting the growth and success of the Indian startup ecosystem.

How do you see the recent layoffs made by startups across the sector?

The recent layoffs made by startups across the sector are undoubtedly a challenging and unfortunate situation. The funding landscape for startups can be volatile, and when faced with financial constraints or market uncertainties, companies often have to make difficult decisions to ensure their long-term sustainability. While layoffs are never easy, they are sometimes necessary to restructure operations, optimize resources, and focus on core business priorities. It is important to note that the startup ecosystem is dynamic, and ups and downs are inherent to the entrepreneurial journey.

How IVY Growth Associates is handling the fund’s existing portfolio and responding to the challenges faced?

IVY Growth Associates actively manages its fund’s existing portfolio by tracking monthly progress through MIS reports and conducting quarterly calls with founders to address their needs and challenges. By providing strategic advice, guidance, and support, we aim to help our portfolio companies overcome obstacles and achieve long-term success.

How many investments have IVY Growth Associates made in 2022 and how many startups do you plan to invest in 2023?

In 2022, IVY Growth Associates made over 70 investments, demonstrating their commitment to supporting startups and fostering growth in the ecosystem. Looking ahead to 2023, their focus is on deploying $1 million in investments, prioritizing the quality and potential of the startups rather than a specific number. Their goal is to identify promising ventures and provide them with the necessary funding to thrive.

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