Investing platform Sateeq has raised an undisclosed angel round from a clutch of founders and angel investors.

The investors that participated in the round include Himanshu Periwal (Founder of Unlu), Sarthak Goel (Founder of InVoid), Vaibhav Jalan (VP Business of Smallcase), Kunwar and Amit (founder of UnFinance).

Sateeq | Invest In Startups

Founded by 16-year-old Krishna Maggo in 2021, Sateeq is an investing platform that enables people to invest in startups and allows investors to invest as low as Rs 5000, compared to most angel networks where the minimum ticket size per startup varies between Rs 3-10 lakh.

The investing platform aims to democratise angel investing by making it accessible so that a maximum number of people can invest in startups.

Speaking about the startup fundraising process, Krishna Maggo said,

“Fundraising is not as easy as it seems to be. Many founders are unable to reach angel investors, who invest through traditional angel networks, and they make up a mere 0.01% of the total investor base in India. The rest 99.99% do not get any chance to invest in the burgeoning startup ecosystem and make returns from its success.”

Sateeq enables startups to raise community funding based on compulsorily convertible debentures, which have been used by hundreds of startups in India to raise funds. The investing platform also provides infrastructure support to angel syndicates, angel networks and startups to run their private deals and raise funds from specific investors.

Krishna Maggo aims to build a “super app” where retail investors can participate in private investments such as startup equity, real estate, asset-backed tokens, and other asset classes.

Sateeq, in less than a month of its beta launch, has onboarded over 5,000 investors in its network and has over a dozen startups registered with the platform.

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