T9L, India's first startup studio, has received a strategic investment from Japanese venture fund Spiral Ventures and MyNavi Corporation.
T9L plans to deploy these funds to build infrastructure and hire manpower to be able to help a larger number of startups. So far, T9L has helped launch 19 companies including CrownIt, Docquity, BroEx, Gigstart, SpotDraft, NirogStreet, Pluss to name a few, generating a cumulative worth in the approximation of USD 300 million, 10M+ number of app downloads, 12M+ number of users, 4 exits and zero shutdowns.
The company has aggressive plans to help launch over 200 start-ups and successfully transform them into scalable businesses in a period of 5 years globally including South Asia, America, and Africa.
"We strongly believe that start-up failures are disproportionate and can be strategically avoided. We are confident that this strategic investment from Spiral Ventures and MyNavi Corporation will help us in taking the concept of Startup Studio to newer heights. We will deploy these funds to build a robust ecosystem to help grow businesses using our strengths and those of our partners," said founder T9L, Fahad Moti Khan.
"Going forward we strongly believe that with T9L, we can build one of the strongest start-up ecosystem and tech community, together with technology building, fully connected with industry's stakeholders, and motivating the community," said General Partner, Spiral Ventures, Yasuhiro Seo.
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