Anupam Mittal highlights success in portfolio with 15-20 companies providing greater returns and helping to recover losses
Anupam Mittal, the founder and CEO of People Group, recently confessed that 60-70 of the companies in his portfolio have closed without providing any returns. In an episode of Shark Tank India 2, Mittal stated that “my investments in these companies have gone in total loss.”
However, he also emphasized that it is not possible for every investment to become profitable. “If you expect to get returns from every company you put your money in, that’s not possible,” he said. Despite these losses, Mittal noted that around 15-20 of the companies he has invested in have not only helped him recover from these losses, but also provided much greater returns.
Mittal explained that this is known as the “portfolio approach” of investing and that investors should not become overly focused on individual losses. He also mentioned that he has become more wise when it comes to investing and that is why he is able to sleep peacefully at night.
Mittal is a well-known figure within the Indian startup ecosystem and is known for his investments in iconic start-ups and unicorns such as Ola Cabs, BigBasket, and Druva. He has invested in over 240 companies and, in the first season of Shark Tank India, invested Rs 5.4 crore in 24 companies. Of these, 70% were led by young entrepreneurs, 50% were women-founded companies, and 30% were being led by families. In season two, Mittal has invested about Rs 2.92 crore till the second week.
According to Shark Tank’s website, Mittal’s net worth is between $20-25 million. Despite the losses he incurred from some of his investments, he remains a prominent and successful angel investor in the Indian startup ecosystem.
