Momentum Capital

Excited to share that our portfolio firm, Confido Health, has announced a $3M seed round last week. New investors include funds leading the charge in SaaS, Health & AI (Together, MedMountain Ventures, Rebellion Ventures) - a fascinating confluence of spaces Confido is building in. Momentum Capital led Confido's pre-seed round about a year ago (a bit under the radar, as is our wont!), and now the cat's out of the bag. Our team regularly observes the interesting juxtaposition of the health systems across US, Canada and India. And that firsthand experience makes us believe there's a lot of inefficiency in the healthcare ecosystem across oceans, which tech can solve. Staff shortages are rampant, infrastructure is under immense strain, patient communication is erratic, waiting times are a joke, processes are cumbersome. And amidst this chaos, staff is forced to waste time on stuff that machines could handle much quicker & better. However, seizing this opportunity is complex; it’s not straightforward what can scale and what can't. And the continuous pursuit of this nuanced understanding by Chetan Reddy, Vichar Shroff and team is impressive, and they consistently deepen it each quarter. So, a big congratulations to the Confido team! 🎉 Here's wishing they (and many more) succeed for the benefit of millions of healthcare consumers like us. Forbes article with details in first comment.

Today, I am thrilled to announce the addition of Atharva Wagle to our investment team at Momentum Capital. 🚀 A quarter ago, we decided to hire a star to amplify our ecosystem outreach and diligence in India. Amidst a deluge of interest by hundreds of very impressive young guns (quite an effort to screen them by Bharti Singhla), Atharva shone through not just for his exceptional analytical and communication skills, but also for his calm demeanour, humility and maturity. We're culture-first at Momentum and he embodies the values we hold dear as purposeful & mission-oriented investors. So here’s an official welcome and wish you all the best, Atharva! Our team, network & LPs are all confident that you'll significantly contribute to our journey. Seed-stage founders, please feel free to ping him too for any help.

After 142 yrs, today UK has fully moved away from coal powered electricity, one year ahead of plan! Coal is the dirtiest fossil fuel, producing the most GHG when burnt. UK was the birthplace of coal power and now becomes the first major economy to give it up. Once one country has done it, it becomes a bit more compelling for others to look to it and try to emulate it. Personally, I do hope nuclear finds more purchase again compared to gas.

Glad to share that Momentum Capital's portfolio startup Dharaksha Ecosolutions has closed its seed round led by Avaana Capital. Congratulations Arpit Dhupar, Anand Bodh, Rudransh Garg and team! In addition to the news below, we also wrote about why we led the pre-seed round earlier of this new-age, biotech, materials startup here -- https://lnkd.in/gZPjmkzX

Journey to the Center of our Investment Round! Working to close a funding round for your company is always exciting and joyful, but it also comes with a lot of stress and pressure. This is undoubtedly a milestone and watershed moment for your company, but it also comes with a lot of expectations. With an all Shark Deal in Season 3, we raised 24.82 Cr INR (2.97 Million $) in our recent round led by Avaana Capital with participation from Momentum Capital, Misfits, VINNERS, Soonicorn Ventures, India Accelerator, Pod, Indigram Labs Foundation - TBI, Supported by DST, GoI, Ministry of Electronics and Information Technology, Pratik, Krishnakanth, Sreekanth, Dhruv, Alok Chandra Misra and many more HNIs & Angels. We also raised 3.99 Cr INR (515K USD) in our previous round led by Rainmatter by Zerodha & Momentum Capital with participation from 🚀 Puneet, Abhishek, Rahul, Anshuman, LetsVenture, Ajanta Bottle Pvt. Ltd., Swapnil, Dr. Pragat, ANIL ATRI, Sridar, Anurag, Krishnakanth, Sreekanth, Sumit, Rajshekhar, Viswesh, Dripto, Pankaj, Alok and a few Angels. However, news articles and media outlets only cover the highlights of the process, ignoring the challenges and the people who overcame them. Today, I'd like to reflect on and appreciate those moments in our journey. We really appreciate the assistance provided by our audit & legal firms, K G Somani & Co LLP and Burgeon Law, especially Abhisshek, Prajjwal, Avinash, Srishti, Parveen, Arihant, and the whole team. We appreciate Deloitte & IndusLaw's execution of our due diligence work. This time, we worked hard to conclude the major process in 4 to 5 weeks while learning a few new lessons. Don't panic, companies and founders, in our previous round, we took five months to finish the significant due diligence procedure. However, we just improved our procedures after realizing our errors. Additionally, you should allow yourself to go through the learning curve because, as a firm, you are still in the early stages of development and are striving to learn new things. And diligence is an equally important process for you to learn. Investor talks and negotiations require patience and time, as well as consideration and flexibility on both sides and an effort to comprehend one another's points of view, since communication is essential key to faster closures. Making this impact journey with our diverse team of mocktail mix members with different experiences is something I really like doing. Anand, Raunaq, Priya, Mukul, Arpit, Sanjay, Wajahat, Shallu, Versha, Amit, Shailesh, Sandeep, Satyam, Rajnesh, Sudhir, Kiran, Ankit and everyone who I missed to mention (Sorry have limited words and tags). I would be delighted to connect with you and talk about some of your interesting happenings while we exchange experiences. Come on, let's talk! We plan to come even stronger and with a lot more research & expansion updates and a few exciting product lines. #investment #fundingnews #moneyinbank #startups #communication

Fighting the climate crisis needs a cohesive partnership & understanding by all stakeholders, including innovators, investors, government, and especially the people. To explain the details of the climate crisis & answer any doubts on climate change, we've collated on a single page a lot of the science & proven facts. Give the Climate FAQs a read: https://lnkd.in/gGByzjSJ

Happy Independence Day, India!

🚀 Join the Momentum Capital Team as an Investment Associate! Are you passionate about Climate Tech and eager to make a global impact? Momentum Capital is looking for a dynamic Investment Associate to join our cross-border team. This role is your chance to dive deeper into the world of venture capital and support innovative startups addressing critical planetary challenges. 📍 Location: India (Remote with some travel) 📄 Read more about the role here: https://lnkd.in/gqH-zv_Y 🔗 Apply here: https://lnkd.in/g6RahZXx #ClimateTech #VentureCapital #Hiring

#HelloWorld Momentum Capital is a cross-border venture firm focusing on climate & health startups at seed stage. With presence in Canada, India & the US, we champion Indian-origin founders, aiming to leverage our network & know-how to help them win globally. We have strong affinity for founders driven by deep purpose and we back teams tackling hard problems with lots of ambition. Our mission is to be an early and long-term partner for gritty startups, in turn enabling innovation to solve the environment & health crisis driven by climate change. Whether you're a founder, investor, wannapreneur or any other ecosystem participant, feel free to connect with us here: https://lnkd.in/gQ4mXSp4 Look forward!