While all the other episodes saw entrepreneurs pitching their businesses to investors, the 10th episode of The Vault, a one-of-its-kind reality TV show, witnessed the Vault Keepers making their investment proposals to Infeedo, a SaaS-based HR analytics platform.
With multiple offers on the table, Infeedo finally chose the one tabled by Ameera Shah, Managing Director and CEO, Metropolis Healthcare and Vivek Bhargava, CEO, iProspect, bagging Rs. 50 lakh in exchange of five percent equity.
Infeedo is an artificial intelligence-based start-up which enables employees to share their ideas through an idea generation platform and give them a chance to put forward anonymous queries to their CEO through a virtual town hall.
It also communicates with employees at frequent intervals in order to generate a company culture report for the HR department and predicts employee attrition through artificial intelligence. With businesses such as MakeMyTrip, Faasos, Lava Mobiles, and PayUMoney already a part of its clientele, the start-up's fascinating idea and business model generated a lot of interest amongst the Vault Keepers.
"We are delighted to provide so many enterprising business ideas from across the country a chance to interact with business leaders, and secure investments as well as invaluable business advice. India, as a nation, is brimming with entrepreneurial talent, and we look forward to play our role in boosting the country's start-up landscape by identifying and showcasing more such ventures in the future," said Creator The Vault, Jatin Goel.
Another innovative start-up, Nappinnai, which made its appearance on the show's latest episode is currently funded by the State Government of Tamil Nadu and also receives financial support from the Government of India.
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Though its investment pitch of Rs. one crore in exchange of 25 percent equity was passed on by the Vault Keepers, Nappinnai managed to secure in-house incubation from Jaarvis Accelerator, thanks to the scalability of its business model and the significant traction it has already gained in the market.
Having enabled investments worth Rs. 7.5 crore since its launch, The Vault has emerged as an extremely viable platform for emerging entrepreneurs across market segments and geographies to showcase their innovative business ideas and gain visibility.
The featured start-ups are further subjected to due diligence over a period of three to four months for comprehensive business process evaluation, post which the investment is approved by the investors.