• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Tuesday, August 26, 2025
  • Login
Tribune Newsline
  • Home
  • India
    • National
    • State News
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Photography
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Sports
  • World
  • Others
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Social Work
    • Press Release
    • Religion
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Photography
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Sports
  • World
  • Others
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Social Work
    • Press Release
    • Religion
No Result
View All Result
Tribune Newsline
No Result
View All Result
Home Business

FAAD Network Exits Battery Smart at Phenomenal 61x Return on Investment

Tribune Newsline by Tribune Newsline
June 24, 2024
in Business
FAAD Network Exits Battery Smart at Phenomenal 61x Return on Investment
Share on FacebookShare on Twitter
  • FAAD Network gauges the vision of an early-stage venture and helps them achieve exceptional results. With Battery Smart, FAAD drew approximately 370% IRR in the investment tenure.
  • The initial investment was made in 2020 when Battery Smart was operational at only one store with a handful of customers. Currently, the startup is operational in 30 cities and 1000+ stations.

Gurgaon (Haryana), June 24, 2024: FAAD Network, a SEBI-registered Category 1 Angel Fund headquartered in Gurgaon, is thrilled to announce its strategic exit from Battery Smart, delivering an extraordinary 61x return on investment. This exit, achieved just 45 months after the initial investment, highlights FAAD Network’s exceptional investment strategy and timing. Battery Smart is a home-grown battery-swapping services provider for two and three-wheelers, currently valued at $340 million (INR 2,842 crore). The startup provides advanced lithium batteries to e-vehicles on a membership basis.

The exit from Battery Smart was a key move, enabling FAAD Network’s founders and other investors to enjoy significant financial gains, approximately 370% IRR in the investment tenure. This success underscores FAAD Network’s ability to identify and back high-potential startups, ensuring substantial returns.

Related posts

Visionnaire introduces its Neolito Bedroom

Visionnaire introduces its Neolito Bedroom

August 21, 2025
Bangalore Startup Emvo AI Slashes Digital Workforce Deployment From 6 Months to Minutes

Bangalore Startup Emvo AI Slashes Digital Workforce Deployment From 6 Months to Minutes

August 12, 2025

Founded by IIT Kanpur Alumni – Pulkit Khurana and Siddharth Sikka, Battery Smart is facilitating Li-ion battery swaps that are efficient, cost-effective, and accessible for the two-wheeler and e-rickshaw market. Investment from FAAD helped accelerate this growth and li-ion adoption across 30 cities and stands at 1000+ swap stations across the country.

FAAD collaborated with Orios Venture Partners, Shish Ram Kharesiya, founder of BNM Retail, and other angel investors during the seed round in 2020 led by Orios Venture. FAAD Network, with a corpus of 300 Crs, invests across diverse sectors and geographies in early-stage companies. Over the last couple of years, the Gurgaon-based fund has successfully exited more than 10 investments, cementing its status as a premier angel fund.

“We are extremely proud to announce our exit from Battery Smart at an astounding 61x multiple. This exit not only validates our investment approach but also underscores our commitment to creating significant value for our investors,” said Dr. Dinesh Singh, Co-founder and Director of FAAD Network. “Our investment in Battery Smart and other EV-related ventures further highlight our contribution towards the growth of the EV industry, and Battery Smart’s current valuation proves the immense potential within this sector. We look forward to continuing our support for innovative startups that have the potential to revolutionize their industries,” added Singh.

As FAAD Network continues to identify and support transformative ventures, this recent exit reinforces its position as a leader in the angel investment landscape. The fund remains dedicated to fostering growth and success for startups, ensuring sustained value creation for its stakeholders.

About FAAD Network

FAAD Network is a SEBI-registered Category 1 Angel Fund with a corpus of 300 Crs. FAAD invests across diverse sectors and geographies, providing cheques ranging from 1 Cr to 4 Cr from Pre-Seed to Series A. With a portfolio of over 100 startups and more than 10 successful exits, FAAD Network is committed to fostering innovation and delivering outstanding returns to its investors. Based in Gurgaon, FAAD Network has continued to make strategic investment in the startup ecosystem since 2019.

Tags: Battery SmartBNM RetailFAAD NetworkGurgaonOrios Venture PartnersPulkit KhuranaSEBI-registered Category 1 Angel FundShish Ram KharesiyaSiddharth Sikka
Previous Post

STIM Sonic Electric Toothbrush: Elevating Your Oral Care Game

Next Post

LABEL.M: Redefining Haircare with Heritage, Innovation, and Sustainability

Tribune Newsline

Tribune Newsline

Related Posts

Visionnaire introduces its Neolito Bedroom
Business

Visionnaire introduces its Neolito Bedroom

August 21, 2025
Bangalore Startup Emvo AI Slashes Digital Workforce Deployment From 6 Months to Minutes
Business

Bangalore Startup Emvo AI Slashes Digital Workforce Deployment From 6 Months to Minutes

August 12, 2025
Trusted Inclusive Futures Network Hosts Groundbreaking Evening of Inclusion, Dialogue, and Representation
Business

Trusted Inclusive Futures Network Hosts Groundbreaking Evening of Inclusion, Dialogue, and Representation

July 31, 2025
Labmentix to Empower 1 Lakh+ IT Interns with Real-World Project Experience by End of Year
Business

Labmentix to Empower 1 Lakh+ IT Interns with Real-World Project Experience by End of Year

July 25, 2025
Bengaluru-Based Plyneer Launches India’s First 100-Test Campaign for New Fire-Resistant Product Line
Business

Bengaluru-Based Plyneer Launches India’s First 100-Test Campaign for New Fire-Resistant Product Line

July 24, 2025
Where Plots Breathe and Tech Makes It Easy: Manortha Builders Introduces Oxygen Park in Dholera
Business

Where Plots Breathe and Tech Makes It Easy: Manortha Builders Introduces Oxygen Park in Dholera

July 23, 2025
Next Post
LABEL.M Redefining Haircare with Heritage, Innovation, and Sustainability

LABEL.M: Redefining Haircare with Heritage, Innovation, and Sustainability

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Top Irish and UK Universities Gather at UniScholars’ Roundtable in New Delhi to Discuss the ‘Future of Study Abroad Ecosystem’

Top Irish and UK Universities Gather at UniScholars’ Roundtable in New Delhi to Discuss the ‘Future of Study Abroad Ecosystem’

2 years ago
Young Artistes Find a Unique Platform with Hashtag Kalakar

Young Artistes Find a Unique Platform with Hashtag Kalakar

3 years ago
Valdona Sports Media And Entertainment Pvt. Ltd. announces Veterans Super League 2023

Valdona Sports Media And Entertainment Pvt. Ltd. announces Veterans Super League 2023

3 years ago

JBM Group organizes its 4th Blood Donation Camp as per the MoU signed with Indian Red Cross Society 

4 years ago

Stock Pro Chief Mentor Dr. Seema Jain explains 3 ways to learn the stock market trading for beginners

4 years ago
Sakal Group’s expert endeavor ‘Swasthyam’ spells out ways to be happy & healthy in life

Sakal Group’s expert endeavor ‘Swasthyam’ spells out ways to be happy & healthy in life

3 years ago

BROWSE BY CATEGORIES

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World

BROWSE BY TOPICS

Ace Entrepreneur actor Artificial intelligence Bengaluru Blockchain technology COVID-19 Cryptocurrency CSIR DBT Delhi Department of Biotechnology digital marketing DST Dubai Education entrepreneur Fairplay Gujarat Gurugram Hyderabad IIT Delhi Indian Institute of Technology Influencer Influencerquipo innovation Kingston Technology K Raheja Corp Homes LANXESS memory products and technology solutions model MoES Mumbai Music Industry producer Pune real estate research science Shan Se Entertainment Shantanu Bhamare Social Activist social media Surat technology solutions Urvashi Rautela

Latest News

Safrakt by Pravek Kalp Strengthens Consumer Confidence as Seasonal Ayurvedic Solution

Safrakt by Pravek Kalp Strengthens Consumer Confidence as Seasonal Ayurvedic Solution

August 22, 2025
Visionnaire introduces its Neolito Bedroom

Visionnaire introduces its Neolito Bedroom

August 21, 2025
Bombay House Luxury presented the Debut of ‘World Spirits Series’ curated by Shatbhi Basu at Jyran in Sofitel BKC, Mumbai

Bombay House Luxury presented the Debut of ‘World Spirits Series’ curated by Shatbhi Basu at Jyran in Sofitel BKC, Mumbai

August 18, 2025
From Street Corners to Social Stardom: The Unstoppable Rise of Jiboombaa in Paris 

From Street Corners to Social Stardom: The Unstoppable Rise of Jiboombaa in Paris 

August 13, 2025
Redefining Fitness In India: Siraj Lalani’s Vision With Plus Fitness 

Redefining Fitness In India: Siraj Lalani’s Vision With Plus Fitness 

August 13, 2025

Popular News

  • IIT Delhi launches new online platform to facilitate researchers

    61 shares
    Share 24 Tweet 15
  • Decimal Point Analytics (DPA) with 400 candidates, targets for 4000-Mega job and Career Opportunities

    55 shares
    Share 22 Tweet 14
  • Bonding well with your in-laws

    55 shares
    Share 22 Tweet 14
  • Euro Pratik set to revolutionise Indian interiors market

    54 shares
    Share 22 Tweet 14
  • Jasmin Bhasin on the Cover Page of The Lifestyle Journalist Magazine

    53 shares
    Share 21 Tweet 13
  • IIM Rohtak Welcomes the Governor of Haryana

    53 shares
    Share 21 Tweet 13
  • Fashion Designer Seema Kalavadia honoured with Times Icons of Surat 2020-21

    53 shares
    Share 21 Tweet 13

Tribune Newsline, digital news and story platform bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

Follow us on social media:

Latest News

  • Safrakt by Pravek Kalp Strengthens Consumer Confidence as Seasonal Ayurvedic Solution
  • Visionnaire introduces its Neolito Bedroom
  • Bombay House Luxury presented the Debut of ‘World Spirits Series’ curated by Shatbhi Basu at Jyran in Sofitel BKC, Mumbai
  • From Street Corners to Social Stardom: The Unstoppable Rise of Jiboombaa in Paris 
  • Redefining Fitness In India: Siraj Lalani’s Vision With Plus Fitness 
  • Bangalore Startup Emvo AI Slashes Digital Workforce Deployment From 6 Months to Minutes

Category

August 2025
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    

Recent News

Safrakt by Pravek Kalp Strengthens Consumer Confidence as Seasonal Ayurvedic Solution

Safrakt by Pravek Kalp Strengthens Consumer Confidence as Seasonal Ayurvedic Solution

August 22, 2025
Visionnaire introduces its Neolito Bedroom

Visionnaire introduces its Neolito Bedroom

August 21, 2025
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2022 Tribune Newsline.

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 Tribune Newsline.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In