WESTERN INTERNATIONAL GROUP CREATES VENTURE CAPITALIST DIVISION FOR ENTREPRENEURS WITH INNOVATIVE BUSINESS IDEAS
The Western International Group, a diversified business conglomerate in Dubai, has announced its venture capitalist division to invest and fund new and budding Entrepreneurs in the region. At this age of rapidly changing business environment, the group is looking for entrepreneurs with innovative and unique who are seeking for funds to grow their businesses. “It can be a unique or innovative business idea or a brilliant mind who has many ideas in his head but need the financial backing to roll it out”, said K.P.Basheer, Chairman, Western International Group, “there are many business ideas that never got the push it required because the people behind it did not have the financial backing to get enough exposure, our vision is to back such individuals and organizations so that they get the chance they deserve”. The Group’s team will review ideas and business plans and fund it based on nature. “The country’s business-friendly policies have been instrumental in our ability to diversify into different verticals of businesses. And having a base in Dubai has been one of the key turning points in the Group’s growth story. As a locally grown company, we understand the value of giving back to the system that has enriched us through all these years.” added Mr. Basheer.
The initiative primarily aims to support entrepreneurs who operate in the E-Commerce, Trading, IT, Restaurants & Cafes; and not only limited to this but also whoever with innovative business ideas that meet the dynamic market conditions of today. Anyone who meets the following requirements can send their proposals to email@example.com
• The business with 2 year period of operation
• There should be an audited financial report for the period of operations
• A clear business plan with specifying the required investment amount and the expected turnaround time
• Leaders of the business should have proven domain expertise in the field of operation.
Western International Group is a multifaceted holding group comprising of several verticals and businesses that spread over more than 86 countries. WIG owns and manages several brands like GEEPAS (Electronics Products), NESTO (Retail Chain with several Hypermarkets and Department stores in the region), ROYALFORD (Household Products), YOUNGLIFE (Garments & Innerwear), BABYPLUS (Baby Products), PARAJOHN (Luggage and Travel Accessories), BRANDZONE (Fashion and Household Retailer), OLSENMARK (Electronics Products), etc. and has been, in a span of 30 years, able to build a strong presence in the GCC, South Asia, Africa and Europe. Headquartered in Dubai, the group has over the years diversified into many business enterprises with more than 12,000 personnel from over 15 nationalities in 11 countries.