Avik Ashar

Avik Ashar Email and Phone Number

Principal @ Riverwalk Holdings
Maharashtra, India
Avik Ashar's Location
Mumbai Metropolitan Region, India
About Avik Ashar

I've been building or investing in businesses for the past 12 years. I'm currently a Principal @ Artha Venture Fund, focused on early stage investments (seed - series A) in India.The highlights:- Ran a single family office for the Sutariya family, based in Bombay, investing across India & SEAPortfolio highlights include Wellness Forever, Fareye Technologies, Posist (40%+ IRR)- Scaled Zilingo across 5 geographies, $100mn P&L responsibility with a team of 60, raised $280mn for the business- Founded a SaaS startup in the auto insurance space (exited)- Led Sales and Account Management for Janio, acquiring and managing clients like Disney, Swarovski, NikeReal highlights:- Made many many mistakes- Had sleepless nights when our runway was less than 1 month- Heard no from 80+ funds- Wished I had quietly joined a 'safe' career path on occasion

Avik Ashar's Current Company Details
Riverwalk Holdings

Riverwalk Holdings

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Principal
Maharashtra, India
Employees:
10
Avik Ashar Work Experience Details
  • Riverwalk Holdings
    Principal
    Riverwalk Holdings
    Maharashtra, India
  • Artha Venture Fund
    Principal
    Artha Venture Fund Feb 2024 - Present
    Mumbai Metropolitan Region
    Artha Venture Fund 1 is a Rs. 225 crore ($33 million) early stage venture capital fund that will invest in 40 revenue stage companies following on in them in the Pre-Series A/Angel & Series A rounds. The fund's investment strategy is built on the experience gained by our Founding Partner from investing in 100+ companies, participating in 150+ funding rounds and delivering top quartile results.Artha Select Fund 1 is a Rs. 450 crore ($55 million) growth stage fund that will invest follow-on capital in companies from Artha Venture Fund 1 and Artha Venture Fund 2
  • Everest Fleet Pvt. Ltd.
    Board Observer
    Everest Fleet Pvt. Ltd. Feb 2024 - Present
    Mumbai, Maharashtra, India
    Everest Fleet is the world's largest Uber fleet partner, with over 18,000 vehicles across CNG and Electric motors, valued at over $400 million. Artha Ventures has been a seed investor in Everest and continued to participate across the growth of the company
  • Daalchini - Smart Vending Machines
    Board Observer
    Daalchini - Smart Vending Machines Feb 2024 - Present
    Mumbai, Maharashtra, India
    Daalchini is India's leading vending machine operator, with over 2,000 vending machines across 82 cities.Catering to 25% of India's top 100 companies, Daalchini has made an impact across the corporate sector as well as industrial, with machines deployed across corporate plants and factories alike.Clients include Reliance, Amazon, JSW, EY, Samsung and more.Partnered with 200+ brands, managing over a 1000 SKUs, with over 60 items sold a minute, Daalchini is creating a new point of retail distribution for incumbents and challenger brands alike.
  • Futwork
    Board Observer
    Futwork Sep 2024 - Present
    Mumbai, Maharashtra, India
    Distributed full-stack Customer Contact BPO enabled by AI - disrupting the traditional call centre industryDeal lead; Board inputs and strategic support around growth strategy including institutional client acquisition, growing functional competencies and delivering differentiated client outcomes
  • Lemnisk
    Board Observer
    Lemnisk Feb 2024 - Present
    Mumbai, Maharashtra, India
    Lemnisk is a leading Customer Data Platform (CDP) solution with a large clientele across the BFSI and Retail industries. With investments from Artha Ventures, Airtel, DSP Group and implementation partnerships across the Middle East, South East Asia and Australia, Lemnisk is a leading provider of martech.Leveraging their AI engine, Ramanujan, they help companies customize their marketing and communications, improving customer experiences, conversions and upsellling.
  • Tie Singapore
    Charter Member
    Tie Singapore Jul 2021 - Present
    Singapore
    Honored to be invited to be a Charter Member for the Singapore chapter of TiE which started in the Silicon Valley in 1992. Today, it is a strong global network with over 60 chapters in 17 countries and over 10,000 members.TiE Singapore is a vibrant eco-system of Asian entrepreneurs, angel investors, venture capitalists and industry professionals. It is a non-profit that inspires entrepreneurs through its training, mentoring and networking programs.TiE Singapore nurtures a productive environment where- Startups can interact and get advice from successful entrepreneurs and industry professionals.- Entrepreneurs can help their peers and benefit from each other's experiences and network with potential investors.- Investors can stay updated on the startups scene in Asia and get introduced the hottest startups and the founder community.- Founders can find a support system through the entire entrepreneurial process and groom into seasoned entrepreneurs.- Seasoned entrepreneurs can give back to the entrepreneurial community through mentoring.
  • The Yarn Bazaar
    Investor And Advisor
    The Yarn Bazaar Jan 2023 - Present
    The Yarn Bazaar operates a managed marketplace for Yarn buyers and sellers, ensuring quality, cost and delivery optimization. They currently serve fabric converters and garmenters across India & Bangladesh, supplying the highest quality yarns from manufacturers across India.
  • Lilac Insights
    Investor
    Lilac Insights Dec 2020 - Present
    Singapore
    Lilac Insights provides genomic testing with a focus on oncology and non invasive pre-natal testing, serving over 300 hospitals across Asia
  • Optimized Electrotech Pvt Ltd
    Investor
    Optimized Electrotech Pvt Ltd Dec 2022 - Present
    Singapore
    Optimized Electrotech is developing cutting edge imaging solutions used for Military-grade applications (thermal imaging, sights) and Civilian infrastructure protection (security systems and identification software)
  • Riyalto Inc
    Investor
    Riyalto Inc May 2022 - Present
    Singapore
  • Janio Asia
    Head Of Commercial - Sg
    Janio Asia Mar 2022 - Jan 2024
    Singapore
  • Saison Capital
    Vc Scout
    Saison Capital Mar 2022 - Mar 2023
    Singapore
    Credit Saison is a Tokyo-listed 30b AUM consumer finance company, and one of the largest credit card issuers in Japan. I help lead the corporate venture arm where we do direct and fund of fund investments.Our direct investments include Grab (Ridehailing, largest startup in SEA), where we helped to build its Finance business unit, Shopback (Softbank/Temasek-backed), and other industry leaders. Our LP investments include some of the top-performing funds in SEA (East Ventures, Beenext), and global funds like Quona Capital and Better Tomorrow Ventures.Reach out to me to share more about your venture!
  • Jamm
    Co-Founder & Vp - Strategic Partnerships
    Jamm Apr 2021 - Mar 2022
    Singapore
    Building an AI/ML powered software to onboard into car dashboard cameras, using driving behaviour to customize insurance policies. Built on the data to create actionable insights for road traffic regulators to optimize roads to reduce accidents.- Onboarded and integrated with NTUC Income, Direct Asia and Etiqa- Partnered with Carro to roll out a distribution program
  • Zilingo
    Head Of Emea & Global Strategic Accounts
    Zilingo Jun 2019 - Apr 2021
    Singapore
    Led Strategic Account Management for Zilingo at an HQ level, leading accounts across USA, Indonesia,Thailand, Bangladesh and Europe, coordinating with C-level executives to drive collaborationsPart of the core team working on Zilingo’s first acquisition, a Sri-Lankan SaaS company, nCinga (for$15.5mn)Expanded Zilingo’s operations across Europe and the Middle East, bringing in marquee clients acrossDubai, London, Copehagen and Berlin
  • Zilingo
    Country Manager, South Asia
    Zilingo Feb 2017 - Jun 2019
    Singapore
    Launched Zilingo’s India operations and scaled to $100mn annually with full P&L responsibility,leading a team of 60 across the countryConceptualized and executed new business verticals for Zilingo including capex and opex financing forSMEs (deployed $14 million USD in loans) and machine learning hardware for fabric manufacturingLed functions across Operations, Finance, Recruitment and Product Development (Tech)
  • Ncinga Innovations (Pvt) Ltd
    Investor (Exited)
    Ncinga Innovations (Pvt) Ltd Feb 2019 - Feb 2020
    Singapore
  • Wellness Forever Medicare Limited
    Investor
    Wellness Forever Medicare Limited Aug 2014 - Feb 2017
    Mumbai Metropolitan Region
  • Fareye
    Investor
    Fareye Jun 2014 - Feb 2017
    Mumbai Metropolitan Region
  • Restroworks
    Seed Investor
    Restroworks Apr 2014 - Feb 2017
    Mumbai
    Formerly Posist, Restroworks powers the front and back end operations of restaurants across USA, SEA, Middle East and India, including Subway, Taco Bell, Haagen Daz, Carl's Jr and many more
  • Capfort Ventures
    Chief Investment Officer
    Capfort Ventures Aug 2013 - Feb 2017
    Mumbai Area, India
    Managing the investments for a large India based family office. Created a steady pipeline of deals, analyzed investment proposals and personally led rounds up to $2 million into startups.Judged Startup events at various prestigious institutions including IIT Bombay and VJTI Institute.Current portfolio companies include;Gridle - A cloud collaboration tool for SMEsPosist - A point-of-sales system for restaurants that addresses inventory management, a customer database with preferences and moreIn three - Rural eCommerceFareye - A GPS based logistics solutionAd$parx - A must-have solution for video streaming companies advertising needsFreshvans - Indore's newest eGrocer Talview - Cloud based solution for recruitmentZippr - The new digital addressFreshworld - Delivering quality groceries in BangaloreWellness Forever - Fast growing pharmacy chain based in Maharashtra
  • Hiraco Lab Grown Diamonds
    Head Of Sales And Business Development
    Hiraco Lab Grown Diamonds Aug 2013 - Feb 2017
    Mumbai
    Supervising the manufacture and sale of the finest HPHT and CVD Lab Grown Diamonds.
  • Resellerclub, Directi
    Marketing Associate
    Resellerclub, Directi May 2012 - Aug 2013
    Mumbai Area, India
    Handling country specific marketing drives and initiatives for ResellerClub. Research into the trends of specific markets and their growth potential

Avik Ashar Education Details

Frequently Asked Questions about Avik Ashar

What company does Avik Ashar work for?

Avik Ashar works for Riverwalk Holdings

What is Avik Ashar's role at the current company?

Avik Ashar's current role is Principal.

What schools did Avik Ashar attend?

Avik Ashar attended Jai Hind College, Mumbai, Emdi, Riverdale International, Indian School Al Ghubra.

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