Dr Ritesh Malik is an Indian doctor, entrepreneur, and investor born on 14 June 1989. He is currently investing and mentoring 11 startups in varying industries. Malik’s decision to support investors instead of remaining in a medical profession shaped his life interestingly. The main reason behind his decision was that while he could reach 100 patients a day as a doctor, leveraging technology can help him reach at least 100 million in a day.
The key areas of interest for Dr Malik are entrepreneurship development in India, co-working, angel investment, healthcare, education, and inspiration. The well-known co-working space Innov8 was founded by Dr Malik himself. Currently, Dr Ritesh Malik is the Founder & Trustee at Plaksha, a mission aimed to teach not just technology but life skills, self-awareness, curiosity, and the ability to think creatively and carefully. Over the years, he has invested in several startups, here are some of the top startups funded by Ritesh Malik.
Invact Metaversity
Hypd
Praan
Shyft
CatalyzeX
Bimaplan
Supersourcing
Bitespeed
Trulymadly
inFeedo
Fin Robotics
Adstuck Consulting
Project Guerrilla
Invact Metaversity
Invact Metaversity is a startup founded by Manish Maheshwari. The aim behind the startup is to create a virtual university town with multiple colleges. Dr Ritesh Malik invested $5 million in Invact Metaversity on 7 February 2022.
Hypd
Hypd is a creator-driven marketplace that classifies itself as a Shopify for creators, allows creators to set up online stores that coincide with their content. Dr Malik invested ₹110 million in Hypd Marketing Technologies Private Limited on 24 January 2022.
Praan
Praan is a deep-tech startup aimed at renewable energy semiconductor manufacturing. The startup uses breakthrough patent-pending technology for filter-less capture of carbon dioxide and particulates from ambient air. Being an environmentally - conscious person, Malik took great interest in the venture, thereby investing $2 million in the Pre Seed Round held on 12 January 2022.
Shyft
Shyft is a startup venture that serves as a one-stop mobile employee optimization solution for hourly workers. With features in prestigious magazines like the Wall Street Journal, The Seattle Times, The Boston Globe, and Fox Business News, Shyft has attracted investors from several backgrounds. One such investor is Ritesh Malik who invested in the startup in its seed round on 19 November 2021. He invested a sum of ₹450 million.
CatalyzeX
CataylzeX is an Internet publishing startup firm situated in California, USA. Ritesh Malik invested $1.6 million in the startup on 16 November 2021. CatalyzeX offers the largest collection of machine learning models and codes for engineers, developers, and technical leaders to power their projects and receives expert advice when needed. The specialities of the startup include machine learning, natural language processing, data engineering, speech recognition, and business intelligence.
Bimaplan
With his interest in the insurance industry, Ritesh Malik invested in Bimaplan on 16 March 2021. The startup was founded in 2020 and has its headquarters in Bangalore. The startup aims at providing an affordable insurance platform for Indians. The vision of Bimaplan is to provide financial security through contextual life and health insurance products to 150 million vulnerable households.
Supersourcing
Ritesh Malik invested in Supersourcing and has a minority holding. An IT outsorucing platform that seeks to help companies find the best companies in tech to work with, Supersorcing has 3 investors, Nikhil Sharma, Ritesh Malik, and Vijay Sharma. Out of the three, Malik has invested $1 million in Supersourcing on 8 February 2021.
Jeenal Jain
Bitespeed
Bitespeed is a software development company based in Gurgaon, Haryana that assists e-commerce brands on Shopify to create them more appealing to the customers. Among the 21 investors of Bitespeed, Ritesh Malik became an investor-only in December 2020 by investing $275K.
Trulymadly
Truly Madly is an Internet publishing industry that aims to provide an online dating and matchmaking platform. The website is accessible via Android and iOS apps as well as a progressive web app. Currently, Truly Madly enjoys a large user base approximated at 6 million. Owing to its tremendous success, Ritesh Malik became an investor of the startup on 31 August 2020 by investing ₹81 million.
inFeedo
inFeedo is a Human Resource Service to help employees engage, predict attrition, and address FAQs with conversational artificial intelligence that people love. Founded in 2013, the startup has been able to make more than 100 million employees valued and heard.
As Ritesh Malik has an interest in Human Resource Management, he has invested $700K in the company. inFeedo specializes in artificial intelligence, predictive people analytics, enterprise software, employee engagement, and human resources.
Fin Robotics
Fin Robotics is an Indian hardware product company that has a mission to make India the next big entrepreneurial hub of the world. Malik was the first investor and mentor in Fin Robotics. The company specializes in gesture science, human-computer interaction, and natural user interface.
Adstuck Consulting
Malik is a prominent investor in Adstuck Consulting, augmented reality and digital media agency. The prominent function served by the enterprise is to help firms to market their products engagingly and creatively. Over the years, Adstuck Consulting has worked with well-known companies, including Flipkart, Snapdeal, and ClearTrip.
Project Guerrilla
Project Guerilla is an accelerator firm founded by Ritesh Malik. While the main goal behind this venture was to foster entrepreneurship in India, the project also aims at bringing a premiere India-based accelerator and incubation center to India. The project, moreover, was launched back in the year 2013 and has funded 41 startups since then.
Bharath
FAQs
Who is Ritesh Malik?
Ritesh Malik is an Entreruner, Doctor and angel investor. He is also the founder of Innov8 and Project Guerilla.
How many companies have Dr Ritesh Malik invested in?
Dr Ritesh Malik has invested in more than 50 companies, he is now currently mentoring 11 startups from different industries.
Source :- https://startuptalky.com/ Author :- Paridhi Mehrotra Date :-March 15, 2022 at 04:47PM