SeedSphere Ventures to back early stage investment for start-ups

SeedSphere Ventures LLP, a strategic consulting firm, announced its plans to support early stage investment for startups and will provide active mentoring in global business best practices, provide strategic support in meeting legal, tax and regulatory requirements. [caption id=“attachment_1612537” align=“alignleft” width=“380” class=" “] Thinkstock[/caption] As a prelude to further investments, SeedSphere Ventures has already picked up a minority stake in Noida-based lifestyle startup 1to1Fitness. “For any startup, the initial support in terms of legal, tax and regulatory issues along with managing their funding process is a very essential. Avoidable disputes between promoters, investors and even key employees have made this kind of service even more critical. By bridging this gap along with providing strategic support through mentoring we are poised to deliver a unique value proposition in the startup ecosystem” said Sumit Maheshwari, co-founder, SeedSphere Ventures. SeedSphere will provide investment consulting to budding entrepreneurs primarily in healthcare, logistics, IT products and services, food-tech, and retail domains. The venture plans to bring together high net worth individuals (HNI), and companies eager to invest in these categories of businesses. “Significant growth is expected in these domains, and consolidation is likely in coming years. We believe, true entrepreneur energy will be unleashed if business environment is simplified, and we are aiming to deliver innovative engagement models and provide favorable ecosystem to startups, helping them achieve unprecedented business momentum”, said Mr Niket Agrawal, co-founder, SeedSphere Ventures. Some of the other important issues that SeedSphere would provide expert guidance would be structuring the legal entities and stakes of the promoters, shareholder agreements inter-se between promoters, and transactional support in the investment process and others.