Business

NDB Wealth Management Partners with nVentures to Support Local Startup Ecosystem

NDB Wealth Management Ltd., a leading private sector Asset Management Company in Sri Lanka, has recently formed a strategic collaboration with nVentures Pte Ltd, a Singapore-based venture capital fund specializing in B2B startups across South and Southeast Asia. This partnership aims to drive the growth of local and global startups through the introduction of the ‘Founder’s Circle’ initiative by nVentures.

The inaugural private networking event, organized as part of this collaboration, served as a platform connecting High-Net-Worth clients of NDB Wealth with founders from seven select companies in nVentures’ startup portfolio, representing countries such as Sri Lanka, India, Bangladesh, and the UK. This event provided an exclusive opportunity for startup founders to share their vision, societal impact goals, and address challenges directly with NDB Wealth clients interested in supporting emerging ventures.

The networking event proved highly beneficial for startup founders, facilitating connections with like-minded professionals, potential customers, partners, and investors. The exchange of insights, feedback, and advice from experienced industry veterans was invaluable, contributing to the growth and visibility of participating startups. Moreover, the relationships forged during this event hold potential for future partnerships and investment opportunities, showcasing the impact of such collaborative initiatives on the startup ecosystem.

Ruwan Perera, Chief Executive Officer of NDB Wealth Management Ltd., emphasized the company’s commitment to fostering innovation and entrepreneurship. He highlighted the strategic importance of partnerships like the ‘Founder’s Circle’ in creating meaningful opportunities for budding entrepreneurs while delivering value to stakeholders and the wider community. Chalinda Abeykoon, Co-founder Managing Partner of nVentures, echoed these sentiments, praising NDB Wealth’s role as a catalyst in nurturing the next generation of entrepreneurs and fostering a supportive ecosystem for startups.