Harekate Avval’s performance report has published a 5-year activity report within the innovation and entrepreneurship ecosystem.
According to IDEA, in this report, Mohammad Mehdi Abbaskhani, the CEO of the company, has announced that Harekate Avval’s portfolio has generated over 30 trillion Tomans in Gross Merchandise Value (GMV) over the past 5 years. Some of the businesses that received investments from Harekate Avval have seen a tenfold growth since their investment. However, it has been also mentioned that the dissolution of Address is declared as Harekate avval’s first investment failure.
According to Abbaskhani, Harekate avvals support for its startups to enter the capital market, strategic collaborations with industry players, international investments, and participation in various stages of domestic businesses are part of the continuing plans for this investment holding.
The average lifespan of Harekate avval’s businesses is five years, and the highest growth during the investment period has been attributed to Jajiga, Fly Today, Achareh, Nabz, and Netbox.
According to this report, more than 20 million orders have been recorded in Harekate Avval’s businesses, with the majority of this figure belonging to Miareh, and the highest growth in orders attributed to Jajiga, Fly Today, and Nabz.
Achieving the 1 trillion Tomans budget
Previously, Harekate avval had promised to invest 1 trillion Tomans in the investment ecosystem, and this report mentions the realization of this figure.
Human capital
More than 1,100 individuals are directly employed in Harekate avval’s businesses, and 35,000 individuals are indirectly involved in platform-based businesses. The average age of startup teams is 30 years old, with 60% of team members being women.
The average number of human capital in Harekate avval’s portfolio is reported as 45 individuals, with Fly Today and Miareh having the largest teams.
Harekate avval, as a venture capital holding, was founded alongside Hamrah-e-Avval on the 7th of Mehr 1397 (September 29, 2018). To date, it has been involved in 14 businesses, two investment funds, and one international investment fund.
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