Astarc Ventures, which has an earmarked corpus of $10 million, has so far backed 10 start-ups including fashion platform Wooplr, bike taxi service Rapido and e-pharmacy Pharmeasy. New Delhi: As early-stage deals dry up in the Indian start-up ecosystem, Mumbai-based investor Astarc Ventures has introduced a referral programme to source new deals. Introduced Wednesday, the ‘Refer a Start-up’ programme offers a reward to any person who refers an early-stage start-up that the venture capital firm ends up investing in. We would like to invite everyone – the customers, employees, friends tell us about the great ideas they see potential in,” said Salil Musale, executive director at Astarc Ventures. Incorporated in 2014, Astarc Ventures is the strategic investment arm of Mumbai-based Astarc Group which has businesses lines across infrastructure development, automotive graphics and printing, among others.

Source: Mint March 28, 2018 17:37 UTC