Sat Industries Invested Rs. 1.65 Crores in 18 Start-ups during the last quarter

Sat is one of the leading corporate angel investors in India. It has invested in multiple sectors across the start-up ecosystem.

18 early-stage start-ups across sectors such as FMCG, technology, finance etc. have raised a funding of Rs. 1.65 Crores from Sat Industries Limited (SIL), a BSE listed company engaged in various business sectors.

During the quarter, Sat has invested an average cheque size of Rs. 11 Lakhs each in Raskik (FMCG), Healthy Barks (FMCG), BotSync (Robotics), Ethereal Machine (Tech), Broomees (Consumer), Castler (Fintech), Wizzy (Tech), CarterX (Logitech), Pension Box (Fintech), Red Basil (Food tech), PinBox (Fintech), Devnagri (Tech), Prescinto (Tech), Celsius (Cold chain Logitech), Pick My Work (HR-Tech), Fleek (Tech), and Flickstree (Consumer)

Sat has also invested in Angel funds and VC funds such as 9Unicorn, India Quotient, Blinc Invest, Artha, Z Nation Growth Fund and Beams Fintech Fund. These funds in turn invests their corpus in various start-ups.

"Sat invests in seed stage and early-stage startups which have innovative business models and high potential for scaling by using new age disruptive technology."

"We aim to foster the spirit of entrepreneurship and provide fuel for the growth of young innovative companies" said Mr. Asad Daud, Director of the company.

Shares of SAT INDUSTRIES LTD. was last trading in BSE at Rs. 43.75 as compared to the previous close of Rs. 44.45. The total number of shares traded during the day was 18339 in over 174 trades.

The stock hit an intraday high of Rs. 45.00 and intraday low of 43.40. The net turnover during the day was Rs. 808483.00.

Source : Equity Bulls

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SATINDUSTRIES INE065D01027 Funding Startups