City VC firm on growth path

The Refex group founded in 2002 is a diversified Chennai-based group with interests spanning various verticals of Renewable energy, Industrial gases & Real-estate. The consolidated revenue of the Group exceeds Rs 400 cr. Jain, who has till date invested in start-ups like Easypolicy.com, 

Loanadda, HAPPYEMI, Artwaley, Ovenfresh, Kyvor Genomics, OTO Magnetics and most recently Detect Technologies, says, “I started investing in a personal capacity, a little over a year ago. It soon dawned on me that this was an industry at the cusp of a revolution. It was then that I started putting together a professional team to manage this and ramped up investing. 

Jain adds, “All nations, developed and developing, are already looking towards the Indian sub-continent for finding solutions to their problems. AJ Ventures and Investments wants to be at the cusp of this new revolution, where we hope to one day become the start-up export hub for not just the emerging countries, but the world at large.” 

“We are just finalising an incubation centre in the heart of Chennai’s CBD. Our aim is to curate an innovation hub, to channel the energies of the young and aspiring entrepreneurs to not just ape established business models, but rather challenge conventions,” he says.