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Serial entrepreneur Rajesh Dembla plans to invest in Kerala startups
Business

Serial entrepreneur Rajesh Dembla plans to invest in Kerala startups

Agency News

Kochi, Nov 28: Serial entrepreneur Rajesh Dembla is planning to invest in 'a couple of' Kerala startups with impressive track record and definite growth potential.

The move comes amid Microsoft’s project on grooming select startups in the country. Mr Dembla had earlier this year invested in select startups in Gujarat and Rajasthan, where the MNC had held mentoring programmes under its ‘Highway to a Hundred Unicorns’ project, an official release said here on Thursday.

Last week, Microsoft held an event to guide Kerala startups towards becoming companies valued at over one billion US dollars. Attending the November 22 programme named Emerge X at Kochi, Mr Dembla said he came across “at least two startups” that merited solid investment.

“One is in the SME sector and the other is into larger social cause,” he revealed on the sidelines of the event at KSUM’s Integrated Startup Complex in Kalamassery, 20 km north of here. “I have informed the two startups about my interest in investing in them,” he added. (UNI)