Venture capital firms GVFL and Piper Serica Angel Fund, existing investors like We Founder Circle and IVY Growth, along with a few angel investors participated in the round
Evify, an electric vehicle logistics firm, said it has raised $1.3 million in funding in a pre-series A round led by venture capital firms GVFL and Piper Serica Angel Fund.
Abhay Agarwal says: “As fund managers look for newer stories, newer opportunities, financial services, unless there is a very high growth stock, there is very little appetite to add now, right now. Where the action is still emerging in the financial space is in slightly smaller players, players that are focused on microfinance or smaller banks.”
Abhay Agarwal says: “On-ground managers like us, we are always looking for opportunities where in a bull market, there is still a bear market going on. That is where we frankly find our multibaggers, so to say, because in a large market, not everything is caught up in a bull rally and not everything is overpriced. There are sectors, there are segments that are not.”
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