Hatch claimed that it recently welcomed on board, Mountain Lion Ventures – a Sri Lanka-focused build-up and scale-up investment vehicle, as an investor into the Hatch Fund to provide startups with seed funding and bridge capital.
Mountain Lion Group has been responsible for scaling and empowering Sri Lanka’s start-up market, aiding in the growth of businesses such as Sling Mobility (a 360° electric mobility platform providing retail logistics solution), LIWE Communities (Sri Lanka’s first comprehensive cloud-based smart communities management platform), Infragist (a cutting-edge full stack tech services company with capabilities across the Metaverse, Cyber Security, Blockchain, Machine Learning and AI Solutions), and Mercato (a B2B single-platform procurement system).
The Mountain Lion Group General Partner Love Yadav stated: “Sri Lanka is at the cusp of the next gen digital revolution, which is expected to result in maximum stakeholder value created by innovations and ideas in this space. Hatch shares a similar vision with Mountain Lion Group, and it is further aligned with this round of investment commitment. The scope of this investment has the forecasted potential for future growth.”
Since its inception, Hatch has placed a strong emphasis on running Incubator and Accelerator programmes which empower female entrepreneurs and encourage disruptive technological innovations. The Hatch fund is designed to further enhance the support it provides in these key areas.
Commenting on this, Hatch Co-founder Brindha Selvadurai Gnanam stated: “Our team has several years of experience in supporting startups both at ideation and growth stages across multiple industries. This experience and expertise are the reason we are what we are today. I am confident that this investment into the Hatch fund will help us further improve our service offerings to the startup ecosystem and help take these startups to the global arena.”
