Private Equity

Angel Investments

Droom founder Sandeep Aggarwal invests in 18 startups

Mint  

The founder of used car marketplace Droom, Sandeep Aggarwal, and his family office have invested over INR 25 crore in 18 startups, and they are looking at backing about 10-12 companies a year. Some of Aggarwal's investments include US-based VC firm Lionbird, India-based full-stack cloud garage startup Fixcraft, B2B e-commerce player in the aftermarket tyre vertical Tyreplex, media and content company TSB Media Ventures, and DNA-based data storage solution Iridia. In 2016, Aggarwal had invested close to INR 4 crore in more than seven early-stage firms in India and overseas such as California-based firms Giveclub and Dataguise, Malaysia-based Duriana, Indonesia-based Dekoruma, and India-based Wittyfeed, Clan Connect, Wydr, Curo healthcare, and Shopsity. While many of the investments made in the earlier years were in Aggarwal's personal capacity, the new ones are routed through his family office, Digital Karma, and the process is on for bringing together all the investments under the family office.