.jpg)
Sanjay Kumar Announces launch of his new Venture Rassense Pvt Ltd
Gurugram (Haryana) [India], March 7: Mr. Sanjay Kumar, addressing attendees at the SPiCE Merger 2024 event in Colombo, Sri Lanka, regarding gaming investments, shared his learnings concerning investments in startups. Reflecting on his investment in Gamestacy India Private Limited., which was once chosen by Google as one of only three companies in India and thirty-five [...]
Gurugram (Haryana) [India], March 7: Mr. Sanjay Kumar, addressing attendees at the SPiCE Merger 2024 event in Colombo, Sri Lanka, regarding gaming investments, shared his learnings concerning investments in startups. Reflecting on his investment in Gamestacy India Private Limited., which was once chosen by Google as one of only three companies in India and thirty-five globally for its accelerator program, the company failed to monetize and build a business. Mr. Kumar emphasized the importance for investors to safeguard their investments by securing voting rights that provide visibility into the business’s governance, and if they are sole investors, then to ensure they participate in driving performance.
Additionally, Mr. Kumar underscored the prudence of investing in businesses in which one had domain familiarity as a direct financial investor. Although he previously served as CEO of a tech company, Altran Technologies India, Mr. Kumar noted that the gaming industry relies more heavily on technology applications post product development than during development itself, as the intellectual property for development is not particularly complex.
Mr. Kumar then went on to announce the launch of his new venture, in a domain he has been previously engaged with, i.e., food services, Rassense Private Limited. He outlined that this entity was created by the merger of two prominent food service companies, CRCL and WeGo Infinity, a corporate catering business in Bangalore and funded by Spark Capital through its Spark Equitized Credit Solutions Fund II.
