Indian-based actress Priyanka Chopra Jonas had launched a second career as a venture capitalist investing in some tech companies in recent years. She stated it was an effort on her part to change the tech industry and gender inequality.
Priyanka Chopra Jonas had told that she was introduced into the investing world by her U.S manager Anjula Acharya who is also a Venture Capitalist and also said that Anjula Acharya was an influence on her entrepreneurial career. Priyanka Chopra Jonas has been very active with her entrepreneurial career since 2018.
Priyanka Chopra Jonas said, "Ideas are the currency of the present” during the recently held event 'Startup India Prarambh' supported by the Indian government.
Below are the startups funded by Priyanka Chopra Jonas.
Bumble is an online dating app which was founded in 2014 by Whitney Wolfe Herd. She was the vice – president in marketing for its rival app Tinder. She later left the company after filing a lawsuit against it.
Bumble is known as a women-led company, as Herd is the youngest women CEO to take a company public in U.S and the youngest woman self – made billionaire.
Bumble is slightly different from its rival companies. It is known as the “feminist app”. A woman wouldn’t have to reveal their name in the app, they can reveal their identity only after finding a match and that is only if they feel secure to reveal it. It requires the women to make the first move.
The app also has other features where they filter friendships and professional relationship with Bumble BFF and Bumble Bizz. Their major revenue is through the purchases from inside the app and the different subscription models such as bumble boost and bumble premium.
Priyanka Chopra Jonas invested in Bumble in the year 2018 and she was also acting as an advisor to the app for its launch in India. The app was introduced in India in the year 2018. The app was later acquired by American firm Blackstone.
Holberton school was founded in the year 2016 by Sylvain Kalache and Julien Barbier. The founders had noticed that there was a huge gap between the software engineers and the skills required by the company. Most of the times the students would end up in huge debt after their graduation and still would lack the knowledge and skills to find a job.
So, they built a school which helps the students to learn programming as well as the soft skills required to find a job. The school actually allows students to study for free until they find a job after graduation. Their curriculum is designed for students to gain more practical experience.
Priyanka Chopra Jonas had invested in the company during the year 2018. Her investment was 8.2 Million (around INR 59 crores). She had mentioned that the company’s mission was aligned to hers which is empowering women through technology.
After the investment in Bumble and Holberton School, Priyanka Chopra Jonas tweeted that she was so excited to partner with them and that she was honored to join the companies to expand gender equality across the tech space and to make a social impact for the greater good.
Apartment list is a U.S technology based real estate company. It was launched in the year 2011 by John Kobs and Chris Erickson. It is an online marketplace for apartment listings.
Apartment lists help people find rental apartments. Their mission is to help families find a place to call home. It provides smooth, simple and smart rental facilities to people. The aim of the startup is to make market rentals an easy and a simple work as it is considered very tedious and a complex process.
At the end of December 2020 Apartment list was valued at USD 600 million. This was Priyanka Chopra Jonas latest investment with an undisclosed amount. With this investment she joined the board of directors of the company which include American singer Lizzo, baseball star Alex Rodriguez or Arod, NBA player Andre Iguodala and others.
Which startups have Priyanka Chopra Jonas invested?
Priyanka Chopra Jonas has invested in three startups, Bumble, Apartment List, Holberton.
Which is the next startup Priyanka Chopra Jonas is looking to invest in?
The actress said that in 2021 she is looking forward to investing in a mix of beauty and tech and education.
Priyanka Chopra Jonas has said that she was willing to invest in Startups that have found a gap in the market. She also added that she is willing to invest in Startups that aim to make people’s lives easier and those who work for a social cause. She also added that it is important for startups to have good viability with the above-mentioned qualities.
Priyanka Chopra Jonas has mentioned that she would love to invest in Indian-based startups that would make a mark globally. The actress said that in 2021 she is looking forward to investing in a mix of beauty and tech and education.
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