BitChemy Ventures

BitChemy Ventures is a seed stage venture capital fund and a technology incubator based in Hyderabad - India. The firm invests primarily in start-ups which build technology products, internet services, enterprise software, mobile technologies and new media.[1][2][3][4]

In 2012, BitChemy started by investing $2 Million each into three companies 3LOQ Labs, Cafyne and Altiux.[5]

In 2014, the company invested in two start-ups MartMobi and Channelyst.[6][7][8]

In December 2014, BitChemy invested in eKincare a predictive healthcare analytics startup.[9][10][11][12]

Background

BitChemy ventures was incorporated in 2012. The company was found by Hyderabad-based serial entrepreneur Sunil Motaparti.[13]

Sunil Motaparti is also associated as a director at a major international conglomerate that operates in India, West Africa, USA and UK. The conglomerate is into manufacturing, cement, auto-mobiles, fashion, steel and alloy castings, engineering design, power, chemicals, film studios, financial restructuring, construction, international trading, logistics and information technology. KeyPoint Technologies, a notable predictive text technology company that developed Adaptxt, is also a part of the conglomerate.[14][15][16]

References

  1. ↑ http://economictimes.indiatimes.com/news/emerging-businesses/startups/venture-capital-investors-back-startups-developing-software-for-wearable-devices/articleshow/34448097.cms
  2. ↑ http://www.crunchbase.com/organization/bitchemy-ventures
  3. ↑ http://www.nextbigwhat.com/bitchemy-ventures-invests-6m-in-3-startups-297/
  4. ↑ http://www.vcpost.com/articles/20484/20140106/indian-tech-incubator-bitchemy-invests-6m-three-startups-report.htm
  5. ↑ http://economictimes.indiatimes.com/news/emerging-businesses/startups/venture-capital-investors-back-startups-developing-software-for-wearable-devices/articleshow/34448097.cms
  6. ↑ http://www.nextbigwhat.com/martmobi-techstars-accelerator-297/
  7. ↑ http://techcircle.vccircle.com/2014/12/03/martmobi-partners-with-shopify-to-enable-indian-merchants-to-have-an-instant-mobile-presence/
  8. ↑ http://techcircle.vccircle.com/2014/06/18/excl-touchstone-investing-in-online-channel-partner-search-marketplace-channelyst/
  9. ↑ http://www.vccircle.com/news/tmt/2014/12/19/bitchemy-ventures-backs-hyderabad-based-healthcare-analytics-startup-ekincare
  10. ↑ http://inc42.com/buzz/health-monitoring-startup-ekincare-receives-funding-bitchemy-ventures/
  11. ↑ https://www.techinasia.com/health-monitor-ekincare-bags-seed-funding/
  12. ↑ https://www.ekincare.com/
  13. ↑ http://www.crunchbase.com/person/sunil-motaparti
  14. ↑ http://www.engadget.com/2012/07/06/keypoint-adaptxt-keyboard-enters-beta-for-android-tablets/
  15. ↑ https://www.zauba.com/director/SUNIL-PRASAD-MOTAPARTI/01991261
  16. ↑ http://investing.businessweek.com/research/stocks/private/person.asp?personId=47486371&privcapId=23574435&previousCapId=23574435&previousTitle=KeyPoint%20Technologies%20(UK)%20Limited

Official website

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