Dev has been investing in the startups’ space since 2015.
His bets include grocer peopleeasy.com, Samco Ventures, online market network Wizcounsel.
Former cricketer Kapil Dev has invested an unknown amount in power sector-focused technology business Harmonizer India. The former pacer and World Cup-winning captain would be holding an undisclosed stake in the company’s artificial intelligence, machine learning and internet of things (IoT)-focused energy saving solutions technology, as per a statement.
According to sources, Dev has been investing in startups since 2015, and his investments include grocer peopleeasy.com, Samco Ventures, online market network Wizcounsel, and cab aggregator Vaoo.
“I have invested in Harmonizer India to support the Indian brainpower and technocrats who have done so well to acquire 14 patents,” Dev said in a statement released after his latest investment.
According to Harmonizer’s Chief Executive Manoj Soni, there are great prospects for further growth, and the company is trying to capture a large piece of them. The IoT market alone is currently valued at USD 15 billion.
M R Srinivas, the business’s Chief Technology Officer, said the company has a research and development unit in Bengaluru and will be seeking more patents for industries on artificial intelligence and machine learning.
