Funding News: ₹1.8 Crore Poured into Favcy's Build to Sell Startups

Favcy, India's leading venture builder, has achieved a significant milestone with the successful completion of its inaugural 'Build to Sell' (BTS) program and the securing of INR 1.8 crore in investment. This pioneering initiative, the first of its kind in India, is designed to meticulously engineer startups for swift and profitable exits within a targeted timeframe of 36-48 months.

A Revolutionary Approach to Startup Creation

The BTS program offers a groundbreaking model in India's startup landscape. Favcy strategically constructs startups from the ground up, meticulously designing them to cater to both founders seeking successful exits and investors aiming for quicker returns. "Our extensive research into the startup ecosystem, involving thousands of founders and investors,revealed a strong desire for accelerated exits," explained Harshit Joshi, Partner at Favcy. "This insight inspired us to create BTS. By focusing on niche markets and addressing specific pain points, we aim to deliver exceptional value to both investors and founders."

Promising Startups Leading the Charge

Cohort 1 of the BTS program includes three dynamic startups poised to disrupt their respective industries:

• Sattva Halwai: Revolutionizing the Indian sweets and snacks sector by offering healthier, low-sugar alternatives made with jaggery and honey.
• 91 United: Empowering blue and grey-collar workers by providing essential services such as ITR filing, loan access, and healthcare cost management.
• Regal Sutra: Helping couples plan dream weddings by connecting them with heritage palace venues for unforgettable celebrations.

Investor Confidence and Validation

Favcy's model has already attracted significant investor interest. Investors are drawn to the program's focus on clear exit pathways, positioning startups for acquisition. "The pragmatic approach of creating businesses with well-defined exit strategies is what attracted me to BTS," commented Onkar Sharma, Partner at a renowned legal firm and an investor in the program. "Favcy empowers founders to build impactful ventures strategically positioned for acquisition, making it an attractive investment opportunity." Purva Sharma, a leader at Oracle Solutions and an investor in the BTS program,added, "Favcy provides a unique platform for investors seeking quicker exits. Their dedication to scaling startups is impressive, and I'm thrilled to be part of the BTS Tribe."

Favcy's Vision for India's Startup Ecosystem

The conclusion of the first BTS cohort demonstrates Favcy's vision of a startup ecosystem where companies are built for exits. "The successful completion of the first BTS cohort validates our unique thesis and the immense potential of these startups," said Yamika Mehra, Partner at Favcy. "We envision a thriving startup ecosystem where companies can achieve their ultimate goal of a profitable exit."

Favcy, India's largest venture-building platform, provides comprehensive support to startups through capital, educational programs, and an accelerator platform. With the launch of BTS, they continue to push the boundaries of innovation and nurture the next generation of Indian startups positioned for successful exits.

This investment and the success of the initial cohort reflect the growing investor confidence in Favcy's approach, with the potential to reshape how startups are built and scaled for acquisitions.

Disclaimer: This content was not produced by the TICE editorial team. It is a press release sent by the respective company/representative/public relations team. At best, it may have been tweaked creatively or editorially without altering any provided facts.