Latest News: Niranjan Hiranandani Invests in Goodfellows After Ratan Tata

Niranjan Hiranandani News


Goodfellows, India's pioneering senior companionship startup, has achieved a significant milestone in its journey. Following the initial token investment from Ratan Tata, the company has now secured a fresh round of seed capital from high-profile investors, including real estate magnate Niranjan Hiranandani and YourStory founder Shradha Sharma.

Key Highlights Of The Investment

  • Investors: Niranjan Hiranandani and Shradha Sharma

  • Purpose: Strengthen Mumbai operations and expand to new cities

  • New Cities: Pune, Kolkata, and Bangalore

  • Additional Plans: Test corporate offerings with the first corporate contract

About Goodfellows

Founded by Shantanu Naidu, Goodfellows was launched in September 2022 with the aim of combating loneliness among senior citizens. The startup provides companionship services, with young graduates acting as 'goodfellows' to elderly individuals.

Services Offered

Goodfellows offers a range of services similar to what a grandchild would do for their grandparents. Senior citizens can avail of these services by:

  1. Signing up on the official website (thegoodfellows.in)

  2. Checking out their Instagram handle

  3. Giving a missed call at +91 8779524307

Investor Insights

Niranjan Hiranandani's Perspective

Niranjan Hiranandani, co-founder and managing director of Hiranandani Group, expressed his enthusiasm for the concept:

"Goodfellows has understood the problem, looked for a solution, and worked out a concept around it. This is what makes it wonderful and unique. It is a concept needed in today's world."

Hiranandani, known for supporting youth initiatives, will be an active investor and part of the advisory board.

Shradha Sharma's Vision

Shradha Sharma, founder of YourStory, shared her thoughts on the investment:

"I believe some startups are meant to impact a community positively, and Goodfellows is a great example of that. As someone in entrepreneurship to creates impact more than anything else, I am happy to see Shantanu and his team go in this direction."

Sharma will also join the advisory board, bringing her expertise in building India's startup ecosystem.

Future Plans For Goodfellows

With this new investment, Goodfellows aims to:

  1. Strengthen its operations in Mumbai

  2. Expand services to Pune, Kolkata, and Bangalore

  3. Fulfill the growing demand for senior companionship across India

  4. Test corporate offerings with its first corporate contract

Founder's Statement

Shantanu Naidu, Founder of Goodfellows, commented on the recent investments:

"Such investors that have a personal interest in creating true impact and supporting social entrepreneurship in the country give us the strength to continue with full faith in helping the country's elderly combat this social problem."

Frequently Asked Questions

Who Are The New Investors In Goodfellows?

The new investors are Niranjan Hiranandani, a real estate magnate, and Shradha Sharma, founder of YourStory.

What Is The Primary Service Offered By Goodfellows?

Goodfellows provides companionship services for senior citizens, with young graduates acting as companions.

When Was Goodfellows Launched?

Goodfellows was launched in September 2022.

Who Was The Initial Investor In Goodfellows?

Ratan Tata provided the initial token investment for Goodfellows.

How Can Senior Citizens Avail Goodfellows Services?

Senior citizens can sign up on the official website (thegoodfellows.in), check their Instagram handle, or give a missed call at +91 8779524307.

What Are The Expansion Plans For Goodfellows?

Goodfellows plans to expand its services to new cities including Pune, Kolkata, and Bangalore.

Will The New Investors Be Involved In The Company's Operations?

Yes, both Niranjan Hiranandani and Shradha Sharma will be part of the advisory board.

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