Singapore-based communications and solutions platform EnableX announced its tie-up with We Founder Circle a community-based investing platform to fund early-stage start-ups.
EnableX’s leadership team will work closely with We Founder circle’s management to identify and cultivate early-stage start-ups through consultancy sessions that help them incorporate and design solutions for their business.
“We Founder Circle is the number one angel investor network in India. Joining hands with such powerful and innovative thinkers, our experienced leadership team and I look forward to supporting this mission with resources and creating opportunities to fuel up ambitious business growth,” said Pankaj Gupta, chief executive officer (CEO) and managing director of EnableX.
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Neeraj Tyagi, CEO of We Founder Circle added, “We see this team enabling digital transformation and accelerated innovation to establish numerous home-grown new businesses. Pankaj being both, an entrepreneur and an investor would add immense value to our young startups’ journey to success. We look forward to having Pankaj and his team work closely with our ecosystem.”
EnableX raised its seed round investment in 2019 from Olivier de Puymorin, founder of Arkadin International. Noida-based We Founder Circle has invested in 56 companies till now. The most recent one was on October 8, 2022, when Studentlink raised its seed round funding from the company.
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Both organisations are now seeking to build an ecosystem by incorporating leading entrepreneurs and innovators to nurture the start-up drive running in India. At present, Indian start-ups are facing a crunch in funding. It is now to be seen whether this partnership can be a pivotal factor in terms of turning the situation around.