By Samachar Vishesh News
Chandigarh 07th Feb,
2020:- India Fund Fest was held at the Hyatt
Regency Hotel in Chandigarh on 7th February 2020. This follows
the resounding success of the first three editions in 2017, 2018 & 2019 to
give budding entrepreneurs an opportunity to get on to a path of
accelerated funding. It is the first time it shifted out of Bengaluru and
was hosted by Chitkara University with the active support of the Chandigarh
Angels Network. The event was organized by Natio Cultus Consultancy Pvt Ltd-
Hyderabad.
This is a
business funding program that has become hugely popular because of its
distraction free format, as there is no carnival like atmosphere, no speeches
of sponsors, no panel discussions, no stalls to sell products and services and
no crowds of unrelated people and needless networking – only entrepreneurs and
the matched investors. In the previous three editions of the event,
entrepreneurs from across India and 47 other countries registered and
participated.
This year,
28 entrepreneurs pitched their businesses for funding to fourteen master
investors who offered deals to entrepreneurs. The companies were selected
through a rigorous filtering process out of 20,000 interested applicants. The
selection of these startups was made by an eminent jury and through a
proprietary ‘Investor Readiness Report’ process, ensuring the companies are
thoroughly vetted. The entrepreneurs were from varied industries and came from
twenty different cities.
The event
was telecast as a web TV series on the India Fund Fest You Tube channel.
There were
over 5 companies from Chandigarh and Punjab region representing at the event
with two from Chitkara Innovation Incubator.
Dr. Madhu Chitkara- Vice Chancellor
Chitkara University, said that this is a great opportunity for the region to
have access to start up capital with so many investors coming over on a single
day for assessing the start-ups pitches from all over India.
Nalin Singh, Founder of Natio Cultus
Consultancy Pvt Ltd., author of the best seller and national honour winning
book “Get Funded Now” was the Deal Master for India Fund Fest 2020 along with
the Managing Partner of Lexygen, Vijay Sambamurthi, said that we are delighted
with the response to the Fund Fest and the platform as a whole. The support of
Chitkara University and Chandigarh Angel Network has been remarkable. We
believe that an accelerated path to timely funding is critical for a vibrant
startup ecosystem and that is what we endeavour to provide.
Other than
the 12 Master Investors, there was an audience of 150+ invited investors and
business experts from Indonesia, Singapore, USA and other countries, attended
this prestigious event hosted by Chitkara University, Chandigarh. Incubators
and accelerators from India were also a part to witness the live pitching
session.
Few of the early ones who were able to
prevail upon investors included
The start-up Swastik Ride Now
Global Solutions LLP, Bathinda founded by Vipul Sharma, Ankit Mathuria ,
incubated at CEED, Chitkara University walked away with a fund of 50 Lakhs to
start their new venture dealing in providing rental service to hostel students
for commuting on hourly as well as daily or monthly basis.
Machstatz Business Solutions Pvt.
Ltd. founded by Sameer Patnaik, A.Srikant Gupta, Pruthviraj Subudhi &
Incubated by Derbi Foundation, providing end to end solution in the IIoT
(Industrial Internet of Things) field using artificial intelligence algorithms
and machine learning diagnostics to provide advance analytical solutions got
lucky with a startup capital of 1 Crore.
Anukai Solutions Pvt. Ltd. Patiala
founded by Gaurav Goyal & Incubated by CEED, Chitkara University, working
towards solving the problem of traffic congestion via smart computer vision
and AI-based algorithms. The startup has developed a solution named
“InteLights” an Intelligent Traffic Management System that uses existing
infrastructure cutting-edge communication and processing technologies, and
appropriate Machine Learning & Computer Vision algorithms to control and
prioritize the traffic signals based on the current intensity of traffic at
each lane of an intersection. Anukai Solutions Pvt. Ltd bagged a fund of 40 Lakhs.
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