Cricketer Rishabh Pant has acquired a 2% stake in online software marketplace Techjockey for Rs 7.4 crore, valuing the company at Rs 370 crore.
Pant said he invested in Techjockey as the company was aiming to simplify the IT purchasing process for businesses and creating a platform that consolidates IT reselling.
“This investment felt like a natural fit, as it combines my passion for technology with my desire to be involved in ventures that have a meaningful impact on the business landscape in India,” he added.
The wicketkeeper batsman said his investment goal is to create a diversified portfolio, with a focus on long-term growth. “While my cricketing career remains my primary focus, I have made strategic investments across industries,” Pant noted.
Last year, he invested in shipping and logistics marketplace Over Zillion Units.
Currently, Pant endorses brands such as Optimum Nutrition, HDFC Life, Iodex, Thums Up, and Dream11 among others.
Techjockey, started by Akash Nangia and Arjun Mittal, recorded revenues of Rs 125 crore in FY24.
Techjockey.com founder Nangia said there are more than 6 crore small and medium businesses and merchants in India who are facing issues in finding the right software for their business.
“Reaching out to these businesses via software packages that solve their end-to-end needs is going to be our focus,” he stated.
In the near term, Techjockey.com will focus on user acquisition and launching custom packages and discovery flows for industries like hospitality, education, healthcare and manufacturing.
Source: Economic Times