Growth in Indian startup ecosystem has no doubt attracted the interests of investor and entrepreneurial minds from within the country and abroad. Moreover, the development in this sector has been so rapid that it is now grabbing eyeballs from one of the world’s largest Internet economies – Mainland China.
With Alibaba making the first move through its investments in Indian Internet firms, Chinese venture investors & angels have become sure of the opportunities, the Indian Startup sector offers. They witnessed an exponential & disruptive growth of Internet economy in China in the last decade, and now a similar expectation is drawing them to
iamWire, started in 2011 as a groundbreaker in digital & informative content for eCommerce industry in India, and soon expanded its content coverage across Startups, Technology, Mobile, Internet, Investment space, has now got the likes of group of investors from China, who have acquired a minority stake in Growthword Digital Private Limited, the holding company of iamWire.
The round is led by Beijing based, Li Tao, Founder & CEO, APUS Group; Li Jian, Founder & CEO, Draphant Consultants; and other investors including, Nitin Garg, Saurabh Jain and Mohit Agarwal.
Li Jian, Founder of Draphant Consultant, helps Chinese Angels & HNIs to invest in Indian Startups, and now will leverage the reach & market awareness of iamWire.
The company plans to use the raised capital in building scalable technology, helpful for startup founders; a part of the funds will also be utilized to innovate content to further grow the community.
iamWire envisions the creation of a singular platform for startup founders to get awareness, gain knowledge, receive fund raising support, and use product/services selection tools. It plans to scale the existing features & roll out more features and products in the future, to render a seamless experience to its professional readerbase across emerging Internet economies of the world.
The company is also in talks to raise Series A round of investment by October. Speaking on the market opportunity, Abhinav Dinesh, Co-Founder & CEO, iamWire said, “Witnessing the rise of cross geography transactions among either investor-to-startup or startup-to-vendor in the Internet Space, we believe iamWire can play a major role to bring together all key stakeholders in the Technology Space. Our vision is to help professionals understand and adopt technology innovation to its core to achieve scale in their respective businesses and careers”.
Headquartered in Gurgaon, India, Growthword Digital Private Limited was founded by Abhinav Dinesh & Sugandh Dhawan in March 2015. Previously, iamWire was incubated by Wirefoot India Technology Private Limited, a technology consulting & incubating company, established in 2007. Other portfolio companies of Wirefoot include, Hotify (a personalized news curation app) and Comezzo (an end-to-end content marketing & native ad-tech
iamWire focuses on innovations around technology, content & design for scaling the product. It is currently a 15 membered team, and has written about over 2,500 startups over the last 4 years. Over 1,500 startups from around the globe have signed up on its startup database section as of now.