Many of our portfolio companies have demonstrated remarkable resilience, navigating through this challenging period. Some have successfully reached profitability, and several have managed to secure funding, thanks to their relentless execution. We are pleased to report zero attrition within the portfolio—no company has succumbed despite the difficult market conditions over the past two years. Additionally, HA achieved a few exits, yielding solid IRR for our members. In recent months, the climate for startup investments has turned positive, with Hyderabad startups now drawing serious attention from venture capitalists and angel investors across the country. The bar for KPIs and revenue attainment has, however, risen considerably, requiring founders to meet high standards with leaner capital structures and a sharper focus on returns on capital, unlike the investment landscape of 2020 and 2021. At HA, maintaining effective stakeholder management remains a top priority, with our focus firmly on investor and member satisfaction. Given the evolving market dynamics, we are optimistic about increasing our investments in the coming year, though startups will face a stricter criteria for funding approval. As highlighted in The Economic Times: “To build a truly self-reliant and enduring startup ecosystem, a substantial increase in domestic capital investment is imperative.” In line with this vision, HA has expanded its member base and leveraged HA Fund 1, which is SEBI-approved, positioning us to contribute further to the ecosystem. We also see a promising rise in locally funded VCs, which bodes well for the industry. Looking forward to a successful and prosperous year ahead for all. Thank you.

Sehwag’s Next Innings: Investment in Fintech startup Getepay
Former Indian cricketer Virender Sehwag has diversified his investments by backing Getepay, a Jaipur-based fintech startup, with a significant investment. Beyond his financial commitment, Sehwag will also represent the brand as its ambassador and contribute his recognizable voice to select IVRS services, bolstering the company’s visibility and customer engagement. The company currently works with over 1.5 million merchants and more than 150 banks across almost every state in India.
This digital innovation journey will reach out to maximum merchants in the coming days and enable cost-effective solutions for the merchants. Getepay has so far raised over $4 million from prominent investors.

Skippi Is Tapping India’s Appetite For ‘Chuskis’ And Confectionery With A Modern Twist
Identifying a big gap in the Indian ice popsicles market, largely dominated by a hand full of global and Indian players, Ravi and Anuja Kabra founded in Skippi in 2021. The Hyderabad-based startup, which offers ice popsicles that are 100% natural and free from artificial colours, flavours, and preservatives, is available at over 14,000 outlets nationwide. When Skippi started on Shark Tank in FY22, it was generating about INR 2.5 Cr. Following its appearance on the show, its revenues skyrocketed to nearly INR 15.4 Cr in FY23.

Farmer’s son from Bihar launched Fintech startup, made Rs. 3000 Cr in deferred revenue.
In 2019, Kundan and his brother, Chandan, launched LegalPay with the aim to assist businesses and individuals in offloading their burden of litigation expenses and gaining access to justice. Being a fintech startup, LegalPay focuses on a specific and substantial market segment that traditional fintech companies do not typically address: the legal sector. Recognizing that one size does not fit all, LegalPay tailors its customer segments, user journeys, and services to meet the unique needs of this market.