BarrierBreak announces giving Aavishkaar an exit with a return of 3X on its investment

Net Systems (operating under the brand BarrierBreak) announces giving our investor Aavishkaar an exit with a return of 3x.

December 1, 2014
Net Systems (operating under the brand BarrierBreak) announces giving our investor Aavishkaar an exit with a return of 3x.

BarrierBreak founded by Shilpi Kapoor, is a leading accessibility firm based in Mumbai specializing in accessibility testing &conversion and providing assistive technology products. Shilpi Kapoor, an Ashoka Fellow is also an active member of NASSCOM Disability Advisory Group and a co-convener of the National Task Force for Electronic Accessibility.

Aavishkaar group of funds manage and advise INR 1000 crore or US $ 155 Million of capital being invested in very early stage enterprises across India with a specific purpose to create value for under-served segments of the population and returns for investors in its funds.

Aavishkaar had invested in Net Systems when the company was at a very early stage of foraying into assistive technology related services. Speaking about the investment thesis, Vineet Rai, CEO of Aavishkaar,says

“Net Systems was one of the earliest investments by Aavishkaar and truly reflect our core values of investing in highly passionate young entrepreneurs with a vision to build credible enterprises. Shilpi’s vision for a business that significantly impact lives of the differently abled by leveraging technology has delivered not only returns for us but a change in the lives of large number of people. Shilpi’s success and our exit is a testament to our faith in women entrepreneurs and their capability as she is the second women entrepreneur for Aavishkaar who has delivered multiple rounds of returns. Shilpi Kapoor deserves all praise for her tenacity and building Net Systems into India’s foremost accessibility and assistive technology company”.

Reflecting on the journey, Shilpi Kapoor, founder BarrierBreak, said

“The whole concept of a business around making technology accessible and assistive technology products addressing the needs of persons with disabilities was completely unthinkable and very few people would invest in such an idea. I thank Aavishkaar for believing in my vision and supporting me.I and my team take great pride in the fact that today BarrierBreak is positioned as a comprehensive end-to-end solutions provider for Accessibility with a global footprint and has also given return to its investors“



For more information contact Ramya Venkitesh of Barrierbreak  (http://barrierbreak.com)
9323154315

Keywords: shilpi kapoor, aavishkaar, aavishkaar

You can read this press release online at: http://www.free-press-release-center.info/pr00000000000000288311.html