List of Startups & Companies Funded by Varun Dua – Varun Dua Investments
India is known for creating leaders and entrepreneurs. This has made India the third-largest startup ecosystem in the world. The first and second spot in the world is taken by the United States of America and China which India will surely surpass shortly.
One of those amazing entrepreneurs who is shaping one of the most difficult and complex industries in our country is Varun Dua, the CEO of Acko.
Varun Dua came from a very simple background but, always had a dream to do something for Indian customers. He simply chose the service industry for insurance and is closing up the gaps that have been in our market for many years.
Just like any other leader and entrepreneur, Varun Dua had his ups and downs in his life but, it was his hard work and determination which made him one of the most successful entrepreneurs in today’s world.
When we are talking about Varun Dua, the only thing that pops into our mind is Acko. The general insurance company is achieving amazing milestones in today’s business world.
Prior to establishing this successful company, Varun Dua is known to have 10+ years of diverse and extensive experience in the insurance industry.
He founded India’s leading online insurance aggregator Coverfox in 2013 and served as its CEO. Yes, this experience helped him change quite a lot of things in the insurance market in India and that is what made him and his company the turning point towards success.
Three years later after lots of hard work and thorough research, he founded his general insurance company Acko.
Additionally, one interest that has grown inside him for many years is investing. He is not only known for raising investors’ eyebrows to invest in his company but, he personally loves to invest in potential companies. According to some sources, Varun Dua has invested in 7 rounds so far which we will talk about later in this article.
Varun Dua Invested Companies
Varun Dua has been investing unofficially for more than a decade now. Back in 2010, he invested an unknown sum of amount to start his first company GlitterBug Technologies. This company helps to build web applications and assist online insurance sales.
Other than that, he also launched Enser Communications before he even started Coverfox in 2013 which became a highly successful one.
Over the years, Varun Dua has gained lots of practical experience and knowledge in the field of investing. Here are some of the companies that are funded by Varun Dua:-
FinTech/Auto Tech Companies Invested by Varun Dua
CapZest
This was one of the first companies where Varun Dua made his official investment. This startup company is into financial services in our country. It is a digital lending platform that is focused highly on unsecured financing for various income generation purposes.
This fintech company was founded back in 2015 and its headquarters are in Mumbai, Maharashtra. CapZest specializes in digital lending, online lending, credit risk profiling, business loans of various types, personal loans, and education loans. So, whatever loans or financial support you are looking for you will get from this company.
Varun Dua made an unknown amount of investment in this company back on 10th February 2016. He invested in the Seed Round and has already exited from this company on 15th November 2021.
Dezerv
Another Mumbai-based company in which Varun Dua felt like investing was Dezerv. This company was founded in 2021 and is in the investment management industry. There are three co-founders of this company Sandeep Jethwani, Sahil Contractor, and Vaibhav Porwal.
This FinTech brand has a very simple logo or brand symbol. On a black background, the name Dezerv is written in the middle with white font. This simply means that for anyone who is having financial trouble or does not have any idea of how to manage their money, this company can help them manage better.
The company specializes in investing, finance, money, financial planning, mutual funds, startup investing, wealth management, personal finance, goal setting, international equity, and a few more.
Unfortunately, we do not have any information on how much Varun Dua has invested personally but, with 40 other companies, this company had raised $7 million in Seed Round. Varun Dua made his investment in this company back on July 27, 2021.
Infinyte Club
Another amazing financial company that Varun Dua thought would be the best to invest in is Infinyte Club. This company was founded in 2022 and its registered office is in Bangalore, Karnataka, India. This company is engaged in the Information Technology Industry.
The mission of this company is very simple which is to create a million millionaires. Their platform is used to aid liquidity creation for ESOPs and unlock access to exclusive opportunities to further redeploy that wealth into higher investment opportunities.
The brand logo of this brand is a very simple one. They have used their name with white bold letters on a black background which is very simple and efficient-looking.
Unfortunately, we do not know how much Varun Dua has invested in this company personally but, with 35 investors this brand has received $3.52 million in Series A round back on July 28, 2022.
BNC
Not many people will know about this amazing and unique company that is present in our country. BNC is the short form of Bharat New-Energy Company. This company was formed with the goal of moving the world to sustainable energy, starting with electric two-wheelers.
This company not only offers various types of products to customers but, they also offer repairing services as well. Some of the repairing services offered by this brand are auto repair, SMOG test, tyre maintenance, and many more. They made vehicles which are highly environment-friendly and are better than ICE equivalents.
This company belongs to the Motor Vehicle Manufacturing industry in India. BNC was founded in 2020 and its headquarters are present in Coimbatore, Tamil Nadu, India.
Varun Dua has put a very keen interest in such an amazing company by investing in it. He along with ten other investors has invested $1.28 million to this company in Angel Round back on August 6, 2021.
Food Industry Companies Funded by Varun Dua
Foodni
Varun Dua did not even leave one of the rapidly growing industries in our country. Foodni General Information operates as a B2B enterprise hospitality. The enterprise hospitality of this company connects corporate companies with accredited food and recreation partners to facilitate food and team outing requirements.
These events are required for various events in the corporate section such as office events, outdoor parties, working lunch boxes, client parties, and many more. The corporate office of this brand is located in Hyderabad, Telangana. This brand has been in the Indian market since 2015.
Unfortunately, we do not know what amount Varun Dua invested in this company. But, according to some sources, he invested in this company back on 21st November 2019.
Charcoal Eats
Krishnakant Thakur is the Co-founder and COO of Charcoal Eats which is a cloud kitchen present in Mumbai. The headquarters of this company is located in Mumbai itself and it was started in 2015. Over the years, this brand has evolved from a nuts-and-bolts startup to one of the biggest QSR chains in India.
The food served by this company has no added preservatives, chemicals or any type of colors. They only believe in natural and 100% preservative-free food ingredients and that is what they use to prepare food for customers.
Their famous food menu is none other than Biryani. Yes, this brand makes amazing and different types of Biryanis for customers around the state.
Varun Dua invested an unknown amount of money in this brand back in 21st February 2016.
Retail sector startups funded by Varun Dua
It is the only known retail company in Varun Dua that has made its investment. If you are looking for home products then this should be your one-stop location. It is a home decor and home furnishing Bangalore-based startup that was founded by Garima Luthra, Pranav Arora, and Varun Vohra back in 2022.
This brand sources its raw materials from the best place to make the best final products out of it. The official website of this brand claims that they source raw materials from certified manufacturers only from our nation.
This company manufactures bedding, furnishings, kitchen products, dining products, decor, bathing products, garden products, and organizers.
Varun Dua invested an unknown amount in this amazing retail brand on 28th February 2022.
Analysis of Varun Dua’s Investment Strategy
Just like any other investor Acko founder Varun Dua has a very unique strategy of investing in startups. He takes his time and research before he makes his final investment in a startup that he thinks is the best and can achieve success further.
Looking at his investments we can easily understand that he loves investing in the FinTech industry. One must know that the FinTech industry in India is anticipated to be one of the fastest-growing fintech sectors. Some sources have claimed that this industry is growing at a rate of 30 per cent during 2022-2030.
When the industry is growing, it’s obvious that the investors of those companies will get huge returns and the same for Varun Dua. He does not care about the geographic area but, if a company especially a FinTech company is doing very well it might catch his attention for investment.
He has a great vision for the insurance and fintech sector in our country. We all know that the general insurance sector and the fintech sector will change positively in the coming few years down the line.
So, using his company and investing in other potential companies he is shaping the future of the general insurance and fintech industry.