ShopClues co-founder Sandeep Aggarwal is looking to step up his angel investment activity this year. Aggarwal, who also founded Droom in 2013, told VCCircle that he will be investing around Rs 20 crore in at least a dozen startups in 2017.
The investments will be made from the wealth he earned as an investment professional when he was abroad. And all future investments, he told VCCircle, will be streamlined through his family office Digital Route.
Investments will be made into consumer interest companies with a focus on healthcare, retail and fintech, besides enterprise tech and data science, Aggarwal said in a statement.
He is also interested in investing early stage initiatives from tier 2 and 3 towns in India.
Besides India, Aggarwal also wants to look at Southeast Asia to make investments. He has said that he plans on writing cheques of $100,000-300,000 for select startups.
“I won’t be just a financial investor but a mentor as well. I will bring to the table my experience as an operating founder,” he told VCCircle. Aggarwal also happens to be a limited partner (LP) in three venture capital funds in three different countries.
In fact, Aggarwal has been a startup investor since 2003. According to VCCircle, last year, too, he invested $500,000 in seven early-stage firms in India and overseas such as Dekoruma, Wydr, Shopsity, Data Guise, Give Club, Duriana and Curo Healthcare.
Aggarwal, who founded Shopclues in 2011, had to resign as the CEO of ShopClues in 2013 after he was found guilty by FBI for insider trading in the US.
He also recently got into a public spat with his ShopClues co-founder and wife Radhika Aggarwal, accusing her of attempting to oust him from the company.
Image: Droom.in