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.
2 past transactions
The Hosteller
Seed Round in 2021
The Hosteller is a travel startup that operates a chain of affordable backpacker hostels in various locations. The company focuses on providing clean and safe accommodation options tailored for budget-conscious travelers. Its hostels are equipped with essential amenities, including secured lockers, well-stocked common kitchens, air conditioning, and libraries. Additionally, The Hosteller features exclusive female dorms, traveler’s cafes, and spacious common areas designed for relaxation and social interaction. The company also offers an online platform for booking dormitory-style accommodations, along with complimentary services such as Wi-Fi, breakfast, and luggage storage, ensuring a convenient and enjoyable experience for its guests.
FabAlley
Series A in 2016
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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