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
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PrincipalRiverwalk HoldingsMaharashtra, India -
PrincipalArtha Venture Fund Feb 2024 - PresentMumbai Metropolitan RegionArtha 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 -
Board ObserverEverest Fleet Pvt. Ltd. Feb 2024 - PresentMumbai, Maharashtra, IndiaEverest 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 -
Board ObserverDaalchini - Smart Vending Machines Feb 2024 - PresentMumbai, Maharashtra, IndiaDaalchini 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. -
Board ObserverFutwork Sep 2024 - PresentMumbai, Maharashtra, IndiaDistributed 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 -
Board ObserverLemnisk Feb 2024 - PresentMumbai, Maharashtra, IndiaLemnisk 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. -
Charter MemberTie Singapore Jul 2021 - PresentSingaporeHonored 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. -
Investor And AdvisorThe Yarn Bazaar Jan 2023 - PresentThe 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. -
InvestorLilac Insights Dec 2020 - PresentSingaporeLilac Insights provides genomic testing with a focus on oncology and non invasive pre-natal testing, serving over 300 hospitals across Asia -
InvestorOptimized Electrotech Pvt Ltd Dec 2022 - PresentSingaporeOptimized Electrotech is developing cutting edge imaging solutions used for Military-grade applications (thermal imaging, sights) and Civilian infrastructure protection (security systems and identification software) -
InvestorRiyalto Inc May 2022 - PresentSingapore -
Head Of Commercial - SgJanio Asia Mar 2022 - Jan 2024Singapore -
Vc ScoutSaison Capital Mar 2022 - Mar 2023SingaporeCredit 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! -
Co-Founder & Vp - Strategic PartnershipsJamm Apr 2021 - Mar 2022SingaporeBuilding 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 -
Head Of Emea & Global Strategic AccountsZilingo Jun 2019 - Apr 2021SingaporeLed 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 -
Country Manager, South AsiaZilingo Feb 2017 - Jun 2019SingaporeLaunched 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) -
Investor (Exited)Ncinga Innovations (Pvt) Ltd Feb 2019 - Feb 2020Singapore
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InvestorWellness Forever Medicare Limited Aug 2014 - Feb 2017Mumbai Metropolitan Region -
InvestorFareye Jun 2014 - Feb 2017Mumbai Metropolitan Region -
Seed InvestorRestroworks Apr 2014 - Feb 2017MumbaiFormerly 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 -
Chief Investment OfficerCapfort Ventures Aug 2013 - Feb 2017Mumbai Area, IndiaManaging 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 -
Head Of Sales And Business DevelopmentHiraco Lab Grown Diamonds Aug 2013 - Feb 2017MumbaiSupervising the manufacture and sale of the finest HPHT and CVD Lab Grown Diamonds.
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Marketing AssociateResellerclub, Directi May 2012 - Aug 2013Mumbai Area, IndiaHandling country specific marketing drives and initiatives for ResellerClub. Research into the trends of specific markets and their growth potential
Avik Ashar Education Details
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Bachelor Of Arts -
EmdiDiploma -
Riverdale International -
Indian School Al Ghubra
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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