CXOToday has engaged in an exclusive interview with Mr. Anil Goyal, Co-Founder, CAP70
1 Please tell us briefly about CAP70, the founders, their backgrounds and the idea behind founding this start-up?
Cap70 is a collective initiative to nurture and support early-age entrepreneurs who display relevant skills and capabilities to disrupt markets and create remarkable value. The idea aims to assist self-driven business-oriented individuals with effective management teams who are in the league to bring about socio-economic impact whilst fetching consistent financial returns and achieving higher growth standards every day.
Mr. Anil Goyal, with about 25 years of unparalleled experience in the field of Finance and Strategies, is the Chief Mentor and a Co-founder at Cap70. A rank-holder Chartered Accountant, he is a certified Business Strategist from IIM Bangalore. He is the founder and MD of CapSavvy Consultants, a business advisory firm that focuses on assisting organizations in different respects in a bid to achieve rapid growth.
Ms. Namrata Thakker is another Co-founder and CEO of Cap70 Angels. She is the founder of Entreprenur Excel, a global community of 8000+ founders. A Business Evangelist and a community builder, she believes in the passion of setting up an entire business from scratch.
Mr. Aswin Kumar, the Director and one of the Co-founders, is an MBA and the face of Cloud Technologies.
The other investors and mentors include Mr. Debasish Mallick (former DMD, Exim Bank), Mr. BL Agarwal (Senior Chartered Accountant), Mr. Agnelo Rajesh (Serial Entrepreneur), and Mr. R.K. Vijayan (former official, Dena Bank). The idea behind this start-up is to explore new potential, partner with new ideas, and help execute the dream business plan of action of aspiring entrepreneurs into reality, whilst creating economic value and a positive impact.
2 What makes you different from others in the industry?
Cap70 stands for some class-apart principles that clearly distinguish us from others in the industry. Witnessing a dynamic era, it pays importance to the idea of benefitting from the early mover advantage with the help of a visionary and far-sighted mindset. Fund managers are the majority investors in the fund. It has a well-connected chain of incubators, VC and PE funds that largely assist businesses to establish themselves. Such strategic value addition brings about economic growth. The initiative believes in the talent and power of young minds and invests in the new generation. It fills in the gaps by providing organizations the roadmap to sustained growth with the help of experience, unbiased advice, and a network of connections.
3 .What services or products do you offer?
We shortlists start-ups on the basis of a predetermined set of criteria, namely scalability, background, innovation, revenue, leadership, competition, and technological involvement. It provides synergies, business strategies, investment leads, business contacts, and targeted marketing experiences.
4. What objectives are being used by CAP70 to stand out in the market? What are the strategies being used to achieve those objectives?
Cap70 is consistently in a bid to stand a class apart in the market with a constant effort to bring capable early-age start-ups under one umbrella to guide them towards growth and success. It has successfully established a vast platform that welcomes prospective entrepreneurs that seek assistance in different respects. With adequate viability and reach, it aims to join hands with as many start-ups it can in the near future.
5. How to assist start-ups in converting ideas from plans to products to profits?
Building an entire organization from a mere business idea is an enormous process that requires many other factors apart from capital. The experience and network base of professional individuals in the industry should help start-ups to create their presence in the market initially. With adequate engineering and product development techniques, a product should be designed according to the market demand. This should be followed by adopting suitable marketing and branding strategies to scale the business. Profits are a by-product of time and effort and thus will eventually be reaped over time.
6. What are the challenges being faced by investment start-ups in market?
The major challenges that start-ups face in the market are lack of capital to get their business plan running. They are hit by raging competition, the inability to smoothly manage funds, and the struggle to develop a loyal customer base.
7. What suggestions can be given to the budding start-ups to get organic funding?
In order to get organic funding, a start-up must become an independent and stand-alone brand that has strong strategies to cope with and win over its competitors. Intelligent use of technology and a constant effort towards building a network of business relations will certainly help start-ups pace faster towards growth with the help of their own revenues and profits.
8 What is the future of investment start-ups in India?
The post-Covid period has definitely proved the talent and potential of young brains that are always in the league to do something of their own. The start-up culture has just begun and there is so much more to explore. The coming years are surely going to see a rise in start-up investments and increased motivation to invest in the same.
9. Tips for empowering start-ups in building an organization to take up the challenges in the market
There is no doubt to the fact that business-oriented minds have unparalleled wit and determination to pull off their dream business plans. Some basic strategies to help start-ups achieve their goals smoothly include hiring the right team of people, time management, building a disciplined office culture, and many more. Success is bound to come to your doorstep if you have the suitable skills and resources to execute what you aspire for.
10. Please tell us about your growth and expansion plans in future
The initiative aims to sign deals with many more promising start-ups in future and assist them in executing their business ideas effectively with unparalleled support. Cap70 focuses on enhancing its impact and presence in the industry with significant reach and visibility.
