Home > Press Release > My First Cheque signs its ‘first cheque’ for MeriCAR.com

My First Cheque signs its ‘first cheque’ for MeriCAR.com

My First Cheque, a seed fund, announced its first investment since their launch in December 2010.

My First Cheque encourages young and budding entrepreneurs with ideas to start their own companies and plays an integral role in seeding and mentoring them to success. My First Cheque exemplifies the unique “co-fun investoring” model. Co-fun investing is an abbreviation for co-founder investing, which entails evaluating and entering a business as a co-founder and not as an investor.  Through this, My First Cheque affirms their role in mentoring and guiding entrepreneurs besides providing funds.

My First Cheque signed their first investment deal with MeriCAR.com, India’s first dedicated car servicing web portal.  This first investment evidently highlights My First Cheque’s commitment towards encouraging entrepreneurs and being the “first investor” in a company. Commenting on the deal, Mr. Gautam Sinha, Partner, My First Cheque said “I am extremely delighted to see an avalanche of unique ideas in the Indian entrepreneurial market. MeriCAR.com showcases the creativity and “making things happen” ability of the Indian entrepreneur.

MeriCAR.com aims to help car owners to search the neighbourhood car service centre, connect to the right car workshop and save on car servicing bill. “We are happy that My First Cheque recognized the potential of our idea and has taken the leap with us and we are even happier to be the “first cheque” of   My First Cheque as we are starting this journey with a partner who knows the “pains” of starting!! With this investment, we look forward to strengthening our team and expanding our network further across the country and servicing a larger base of car users”, says Rakesh Sidana, Founder and Chief Executive Officer, MeriCAR.com.

About My First Cheque:

My First Cheque is a seed fund which will help start-ups and budding entrepreneurs realize their dreams by providing the initial investment (the first cheque) of INR 5-25 lakhs.

The customized website encourages entrepreneurs with ideas for start up companies to approach My First Cheque, who in turn plays an integral role in seeding and mentoring them to success.
Represented by ‘Chequemate’ in the form of an online avatar, My First Cheque has a unique model of investing called co-fun investing. This entails evaluating a business as a potential co-founder (focused more on execution) and NOT as a traditional investor.  My First Cheque is started by three experts with more than 50 years of entrepreneurial experience, including successful exits, between them – Gautam Sinha, Prahlad Rao and Monisha Advani.

Log onto www.myfirstcheque.com and wade through the exciting contents ranging from Tales of Inspirations, Chequemate blog- Dream Big, the profiles of the Founders and the services (mentorship and guidance) My First Cheque offers budding entrepreneurs.

Find us in Facebook – http://www.facebook.com/myfirstcheque

Follow us in Twitter – @myfirstcheque

Connect with us in LinkedIn – Chequemate @myfirstcheque

About MeriCAR.com

MeriCAR.com is first in India dedicated car servicing web portal. The startup is helping car owners to search the neighborhood car service centre, connect to the right car workshop and save on car servicing bill (by offering discounts). MeriCAR.com impacts unorganized after-sales-market of Rs. 20,000 core with 35% passenger cars and provides personalized support to find the right car workshop in India. MeriCAR.com is founded Rakesh Sidana. Visit us here – http://www.mericar.com

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