FAO Ventures
FAO Ventures was an accelerator firm located in Mumbai, India, focused on nurturing early-stage startups. The firm provided essential support to entrepreneurs through mentorship, resources, and funding opportunities, aiming to foster innovation and growth in various sectors. By leveraging its network and expertise, FAO Ventures sought to enhance the chances of success for emerging businesses in a competitive landscape. Through its structured programs, the firm aimed to cultivate a vibrant ecosystem for startups, enabling them to develop their ideas into viable market solutions.
The Hosteller
Seed Round in 2021
The Hosteller is a travel startup that specializes in providing affordable backpacker hostels across various locations. The company focuses on offering clean and safe accommodation, featuring secured lockers, well-stocked common kitchens, air-conditioned rooms, and equipped libraries. Additionally, it caters specifically to female travelers with exclusive dormitories and includes amenities such as free Wi-Fi, breakfast, luggage storage, and traveler’s cafes. The Hosteller also promotes social interaction among guests through chiller common rooms and spacious areas, making it an ideal choice for budget-conscious travelers seeking a welcoming environment.
FabAlley is an online-to-offline high-end fashion platform that provides and sells women’s western apparel and lounge wear. The company sells its products and accessories through its website, online marketplaces, offline retail stores, and large format chains including Lifestyle and Shoppers Stop, among others. FabAlley was co-founded by Shivani Poddar and Tanvi Malik in 2012 and is headquartered in Noida, Uttar Pradesh, India.
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