Favcy 1st Cheque

Dear Reader, yesterday when I was taking my 5 year old son to his karate class, he asked me a very random question. He said - “Mumma, what will happen if an electric car runs out of battery?” I was impressed with his observation skills. I was really proud to explain to him that Urja Bolt, a FavcyVB portfolio startup is solving exactly for this problem by building India’s largest EV accessories and ancillary services reseller network.

This year’s union budget has also given a big boost to the interoperability standards and battery swapping policies within the EV space. All of this has made the ever growing EV space even more attractive for the investors. Now for all of you who haven’t been able to get on to this EV bandwagon, Urja Bolt brings to you a unique asset backed investment opportunity via Urja Grow. Read more about this opportunity in our Startup In Focus section this week.

Dear Reader, If you follow Nithin Kamath from Zerodha, you must have read about his latest advice to retail investors on whether or not to buy the dip.

Whenever we talk about a high risk high return asset class (stocks, startups, etc.) the first thumb of rule is diversification. How to build a diversified startup investment portfolio is something that we cover in our Angel Bytes section this week.

Dear Reader, This week we are certainly riding on the high of the 1stCheque closure of our latest portfolio startup, Hieq. With your support we closed the full round in under four days. So a big thank you and three cheers to that (wooohooo)

To a large extent, this super fast closure was possible because of the founder market fit that Abhishek (founder, Hieq) brought to the table. In this week’s Favcy Review, we bring to you an article by our Founding Partner, Pranav Chaturvedi, that emphasizes on the need of founder-market-fit while evaluating an angel investment and guides you on how to assess it.

Dear Reader, looks like a lot of people want to take a sip of the wine named angel investments today. Arun, who is a marine engineer and has been investing in stocks for 28 years, wants to try out this new asset class. Also, Smita, who has just received an ESOP exit (yes, they are for real) is looking to make her first angel investment. And so is Keshav, who has successfully pivoted his family business from iron trading to hospitality and is now eager to try his hand at angel investing after seeing his friends all excited about this asset class. We are clearly at a high on this curve of startup investing.

However, like all paths, this one needs to be tread with caution as well. And so today, we bring to you Six Questions to Ask Before Your First Angel Investment in our Angel Bytes section.

Dear Reader, welcome to the first edition of our newsletter in this new year. So, I was looking into what all have we already achieved in the first week of this year and realized that we already have a couple of unicorns (Fractal and Mamaearth) under the belt, the angel investing bug has bit our star athlete, Neeraj Chopra and one of our portfolio startups (goodgoodpiggy.com) has pitched on National Television. Woohooo…Hooray!

Out of these Neeraj’s debut as an angel investor intrigued me most and I opened the news article expecting that it must be a sports tech startup that has caught his fancy. But imagine my surprise when I found that I was wrong. He has invested in a creator economy startup 😮😎

It’s not surprising then that In 2021 alone investments worth $1.5 billion were made in Creator Economy startups.

In today’s Startup in Focus section we bring to you excerpts from a free flowing conversation that our Content Strategist, Khushdeep Sethi had with Aman Gupta, Founder, CallXP (a FavcyVB portfolio startup), Subhendu, CGO, CallXP and Aman Kesari, Investor, 1stCheque network around creator economy, its potential, competition landscape and CallXP’s niche positioning. Don’t miss it!

In our Short Take, we cover the top startup trends that are most likely to take 2022 with a storm.

And in our Angel Bytes section Khushdeep Sethi argues why angel investing should become your new year resolution for 2022.