Kapil Dev, the captain of India’s first world cup winning cricket team has made an undisclosed investment in Harmonizer India (1) that focuses on power sector technology. He would hold an undisclosed stake in the company. The company focuses on AI, machine learning, and IoT based energy efficiency solutions technology.
While commenting on the latest investment, Kapil Dev stated that he had made the investments in Harmonizer India to support India’s brainpower and technocrats. He emphasized that the team has done very well to acquire 14 patents.
In a statement, Manoj Soni, the CEO of Harmonizer India, stated that there are massive opportunities for further growth in the sector and the company is looking to accomplish a significant share.
Strong Portfolio of Kapil Dev and Other Cricketers as Investors
Kapil Dev has a strong portfolio as an investor. As an angel investor, the former cricketer has poured capital in PeopleEasy.com, an online grocery platform. Earlier in 2015, Dev turned into a venture investor after scooping stakes in Samco Ventures, a Mumbai-based firm.
Notably, he had also jumped into a partnership with Pumpkart, a B2B marketplace for brand endorsements in 2018. Last year, Kapil Dev also led the angel funding round for 1 Crore INR in WizCounsel, an online market network based in Delhi. Moreover, he also made infusions in VAOO, a Mumbai-based cab aggregator that offers free rides to passengers for viewing ads.
Several known cricketers have recently invested in startups, including Virat Kohli, Yuvraj Singh, MS Dhoni, Sunil Gavaskar, Sachin Tendulkar, Harsha Bhogle, among others. It is worth noting that the Indian startup ecosystem kicked off in 2014. The Indian cricket team’s current capital also started his journey as an investor in the same year.
At the age of 25, Virat backed Sport Convo, a London-based social media startup that focuses on bridging the gap between sports stars and fans. Yuvraj Singh, known for his six-hitting, scored a big success with YouWeCan Ventures in 2015 to invest in startups and encourage entrepreneurs.