Indian cricket star Rishabh Pant has made headlines not for his on-field performance, but for a strategic investment. Pant, who is known for his aggressive batting and wicketkeeping, has now taken a step into the world of tech startups by investing Rs 7.4 crore for a 2% stake in TechJockey, an online software marketplace. This investment has boosted the company’s valuation to Rs 370 crore.
Rishabh Pant’s Interest in Technology and Business
Pant expressed his enthusiasm about his latest venture, sharing that his decision to invest in TechJockey was driven by its mission to simplify the IT purchasing process for businesses. “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 outlook in India,” Pant said in a statement.
His investment strategy focuses on building a diversified portfolio with a long-term growth approach. While cricket remains his primary focus, Pant has been making calculated investments across various industries, expanding his financial footprint beyond sports.
Pant’s Previous Investments and Brand Endorsements
This is not Pant’s first foray into investments. Last year, he invested in Over Zillion Units, a shipping and logistics marketplace. Apart from his investments, Pant is also the face of several major brands, including HDFC Life, Iodex, Thums Up, and Dream11. His growing portfolio reflects a clear vision of balancing his cricket career with smart business decisions.
TechJockey’s Ambitious Growth Plans
Founded by Akash Nangia and Arjun Mittal, TechJockey is a rapidly growing company that has already reported revenue of Rs 125 crore in FY24. The platform has a clear goal: to assist small and medium businesses in India, who often struggle with finding the right software solutions for their specific needs. TechJockey aims to become a one-stop solution for these businesses by offering software packages that address their end-to-end IT requirements.
Expanding Globally and Future Targets
TechJockey has not only made a mark in the Indian market but has also ventured into the United States earlier this year. With over 500 software categories listed and partnerships with more than 3,000 software and tech brands, including Microsoft, AWS, and Adobe, the platform has already helped over 3.5 lakh businesses.
The company has ambitious plans for the future, targeting revenue of Rs 170-180 crore in FY25. Of the Rs 125 crore earned in FY24, around Rs 7-10 crore came from advertising, while the rest was generated from margins paid by software companies. Akash Nangia noted that TechJockey is continuously expanding its offerings and aims to provide comprehensive solutions for the growing IT needs of businesses.
