At a time when exiting from a startup venture has become difficult, venture catalyst platform ah! Ventures has announced its second exit in a span of two years.

Ah Ventures along with Mark Mobius, Executive Chairman of Templeton Emerging Markets and AdvantEdge Incubator have profitably exited from auto engineering startup Entropy after a year of being invested in the company for an undisclosed amount, the firm said in a statement here today.

This is ah! Ventures' second exit in the last two years after ed-tech startup Harness Handitouch, from which it exited within two years of its investment.

Harshad Lahoti, Founder & CEO of ah! Ventures, said, "In times when exits are hard to come by, the investors have got a decent return and the founders got to consolidate their stakes. It is a - a win-win for all stake holders."

Entropy's Co-founder Niraj Taksande said, “With brand EBW, Entropy’s journey has been really exciting. Ah! Ventures' investment proved to be a vital launchpad during our early stage. Starting from one EBW store in 2015 and one machine serving an OEM service station, we have sold over 50 machines till now across India, South America, Africa and the South East Asia. With healthy cash flows now, we (founders) have consolidated our holding in the company and the investors have valued our decision. Going ahead, we are open for synergetic partners for our growth stage.”

The company's innovation team has also seen a rapid growth in its headcount from an 8 member team last year to 40 member team this year.

Founded in early 2013, Entropy Innovations has disrupted the two-wheeler service industry through their innovative products.

The team, alumni from IIT & IIM, has designed and manufactured automatic motorcycle wash machine – ‘Express Bike Wash’ that addresses multitude of problems faced by an individual owner as well as a service station. The unique offering stood out in the market owing to its perfect blend of innovation in the product cum service space. The Express Bike Wash or ‘EBW’ as it is being referred to, can wash the dirtiest of the bikes in just 2-5 minutes.

Besides consumers, the product has also been a huge hit among the two wheeler industry giants such as Honda, Hero and Royal Enfield.

Entropy is now planning to capture the unorganised market and is introducing a ‘care segment’ that aims to offer its customers fast, easy to access, affordable service.

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