GoodWorkLabs introduces GoodWorks Angel Fund to invest up to $200,000 in 10 startups by FY22
Recently, Serial entrepreneurs and founders, Vishwas Mudagal& Sonia Sharma of GoodWorkLabs announce the launch of GoodWorks Angel Fund - an early-stage venture capital (VC) fund and investing venture. The duo plans to invest in at least 8-10 high-potential startups across the globe every year. Depending upon the nature, necessity, and upcoming scenario of the respective startups, the investment ticket size per company will vary from USD 20,000 to USD 200,000.
Encouraging startups, MSMEs, and budding entrepreneurs have been the key aim of the entrepreneur-duo. They started GoodWorkLabs in 2013, with a revelation to help startups and Fortune500s build scalable tech solutions. The products built by the business are used by 200+ million users worldwide. In 2017, the entrepreneur-duo started a premium coworking space brand called GoodWorks Cowork, which went on to become one of the fastest-growing coworking companies in India, winning multiple awards and bagging top customers.
“Commencing a funding venture has always been on my bucket list. With the launch of GoodWorks Angel Fund, we aim to recover, regenerate, remodel, and grow the startup community again, despite the injury. I, along with Sonia, are striving to improve the start-up ecosystem, for all of us to prosper collectively. I look forward to standing with startups and budding entrepreneurs who intend to ‘dare mighty things’ and aim to create a better world through their futuristic products and solutions,” said, Vishwas Mudagal, Co-founder GoodWorkLabs, and GoodWorks Angel Fund.
Although investment and funding are the core aspects of GoodWorks Angel Fund, the entrepreneur-duo will additionally provide startups and young entrepreneurs with a wide range of professional service offerings. They aspire to create a plug-and-play work ecosystem for start-ups, by taking care of their office space, technology, operations, marketing, and other support services that are critical to scaling up businesses.
“Providing a holistic service - investment and support will help us create a meaningful start-up ecosystem. This will not only help budding entrepreneurs financially but also at the strategic business level. After running several startups for years, I can deeply relate to every entrepreneur with a dream, who needs investment, support, and motivation to grow. Therefore, we aim to stand with the startup community come what may, and help them fight all disasters, whether natural or man-made. We will enable self-empowerment in them, for them to make their dreams a reality,” said, Sonia Sharma, Co-founder, GoodWorkLabs and GoodWorks Angel Fund.
GoodWorks Angel Fund is Mudagal and Sharma’s third venture, in cooperation. They have an established track testimony of management successful businesses at GoodWorkLabs Technology Services & GoodWorks Cowork. GoodWorkLabs, their parent group company, is a high-growth IT products outsourcing firm, which has Mercedes-Benz, Flipkart, CureFit, Licious, Myntra, WhitehatJr and Hindustan Unilever, among others as its client base