MyFirstCheque invests in OfferGrid Networks
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MyFirstCheque invests in OfferGrid Networks
Bangalore: MyFirstCheque, that writes the first cheque for startups at their inception stage, has made their seed investment in OfferGrid, a Bangalore-based flagship product of OfferGrid Networks. This is the hrid investment of MyFirstCheque along with investments in Mericar and MKay. Gautam Sinha, Partner, MyFirstCheque, said, "We continue to work with bright and enthusiastic entrepreneurs and explore how we can help bring their ideas to market. Deepankar and his team have stayed on the road of entrepreneurship for three years and have not given up despite earlier disappointments". MyFirstCheque is a seed fund that helps startups and budding entrepreneurs realize their dreams by providing the initial investment of 5-25 Lakhs. Represented by 'Chequernate' is in the form of an online platform, MyFirstCheque has a unique model of investing called co-fun investing. This entails evaluating a business as a potential co-founder and not as a traditional investor. The company was started by three experts by Gautam Sinha, Prahlad Rao and Monisha Advani, who have more than 50 years of entrepreneurial experience, including successful exits. OfferGrid is an internet based product development startup founded by Deepankar Biswas, Raja TN and Laxmi Prasad. Incorporated in 2011, OfferGrid specializes in Internet based products and ventures. The company has launhed a breakthrough product by the name of OfferGrid Exchange that is a distribution platform for deal suppliers and a marketplace for website owners, bloggers and mobile application providers. It currently aggregates more than 6,000 offers daily from deal & coupon suppliers in India and the U.S. markets. Biswas, Co-founder and CEO, OfferGrid Networks, said, "We have synergized with MyFirstCheque from the very beginning. They have the pulse to realize the accurate objective of entrepreneurship. This investment will help us in retaining focus to help deal providers, website owners, bloggers and mobile application providers reap the benefits of this ever-growing market".

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