BENGALURU: Oddup, Hong Kong-located startup rating and research platform, has expansion plans of its startup rating to India. Launching in the major startup hubs Mumbai, Bengaluru and New Delhi, Oddup intends to extend its coverage on startups to over 16 cities globally.
Oddup says the company fills the information gap for startups with core interest from angel investors and venture capitalists and following on from its recent Series A funding announcement, led by The Times Group. Oddup has entered the Indian market with a mission to help global investors with visibility to potentially high reward and high return Indian startup investment options.
“India has one of largest startup ecosystems in the world. Our core aim is to help investors find the right startup to invest in and at the same time, startups in India now have the chance to be seen by international investors who are using Oddup to assist them in their due diligence,” says Jackie Lam, co-founder of Oddup.
Lam indicates that investors are increasingly in need of reliable sources of data and expertise on startups. “The sheer size of the number of startups in India and China alone makes it difficult to determine which startups may succeed. Oddup gives investors visibility and clarity in the large and somewhat fragmented startup markets of India”, continues Jackie.
The India city launches enable investors to gain more insights and data, thus helping them make more informed investment decisions faster, quicker and more accurately. With a strong research and advisory team formerly from Goldman Sachs, Oddup’s platform transforms unstructured startup research to an environment with benchmarks and more transparency via a data-driven approach. The Oddup Score, a rating which serves as a health barometer of a startup at any given time, has become many investors’ go-to indicator.
Oddup believes that this is also an opportunity for startups in India to gain international exposure and media coverage on Oddup’s network and partners. The platform enables startups to reach potential investors from around the world. Lam concluded saying, “India has a very competitive startup landscape so it is crucial for startups in India to gain that competitive advantage, and they can do so by being rated on our platform.”