E-Cell IIT Bombay's E-Summit 23 held on the 28th and 29th of January was a true testament to the entrepreneurial spirit that has taken over India in recent years. The event brought together students, entrepreneurs, industry leaders, investors, and aspiring entrepreneurs from all over the country, making it a national-level event that attracted attention from all over the business world. The footfall was estimated to be 45,000 across the two days of the event, with the highlighted events being streamed live on JioTV.
There was an impressive lineup of speakers, including Ashneer Grover, Jaya Kishori, and CEOs of over 10 unicorns of India. Their talks were highly inspiring, and they shared valuable insights and knowledge that entrepreneurs could apply to their own ventures. They also provided the attendees with the necessary motivation to pursue their entrepreneurial dreams.
E-Summit featured an array of activities, including workshops, networking, on-spot funding events, competitions, and a startup expo. The workshops provided attendees with experience in various aspects of entrepreneurship, such as finance and marketing. The networking opportunities provided participants with ample time to interact and connect with fellow entrepreneurs, investors, and industry professionals, creating opportunities for collaboration and growth.
One of the key highlights of the E-Summit was the on-spot funding event The Ten Minute Million (TTMM), where startups had the opportunity to pitch their ideas to investors and secure funding for their ventures. The competition saw many talented entrepreneurs present their ideas in front of thousands of people, with the winners receiving funds from investors to help turn their ideas into reality. 4 out 8 startups that pitched received the funding. These startups were Kapow, Cheerio, Ironbox and Sypto. TTMM, in its 9th edition was streamed live on JioTV in order to reach out to more audience and eradicate the physical barriers of being present in the Open Air Theatre of IIT Bombay where the pitching took place.
The startup expo showcased several innovative products and services from startups, giving attendees the opportunity to interact with the founders and understand their products, services, and business models. The startups ranged from those just starting out to those that had already established themselves in the market. The expo provided a platform for startups to showcase their products and services to a large audience, connect with potential customers, and gather feedback on their offerings.
The presence of attendees from various cities across the country and the participation of high-profile speakers and industry leaders underscored the importance of the event, reflecting the growing interest and investment in the Indian entrepreneurship ecosystem. The supporters of the E-Summit included Westbridge Capital, NPCI, NTT, Piramal Finance, Aditya Birla Ventures, XUV400, Wadhwani foundation, JPMorgan Chase & Co., Tata Communications, HSBC, IDFC Bank, Pure Storage, HDFC Securities, Indiqube, NoBroker, ReachIVY, Entrepreneur First, Indi.gg and MSINS.
In summary, the E-Cell IIT Bombay's E-Summit was a resounding success, featuring an impressive lineup of speakers, valuable workshops, networking opportunities, on-spot funding events, and the startup expo. E-Cell IIT Bombay looks forward to hosting more such events, connecting entrepreneurs with the resources they need to succeed. For more updates, follow https://www.instagram.com/iitbombay_ecell/
Weekly Startup Funding News Report For 25 October - 29 October 2024 (Latest Updates)
Weekly Funding Roundup - We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of newly funded ventures daywise.
Weekly Funding Roundup - We compile a weekly startups funding news report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape. Get allIndian statups news at Viestoires.
Weekly Startups Funding News [25 October 2024 - 29 October 2024]
Althion Funding News - Althion has Secured Rs 3.6 crore in Pre-Series A Round Funding
Trisu Funding News - A pre-seed funding round, which was co-led by All In Capital, has secured an undisclosed quantity of investment for the vermeil jewelry brand Trisu.
GameEon Funding News - GameEon, a game development studio, has raised $1 million in its most recent funding round, which was co-led by SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, Tal64.
Wundrsight Funding News - Wundrsight, a digital therapeutics startup, has secured $400K in its seed round, which was led by Inflection Point Ventures. Social Alpha, in conjunction with other angel investors, has also participated in the round.
Dharaksha Ecosolutions Funding News - Dharaksha Ecosolutions, a biotech-driven R&D start-up, has secured Rs 24.8 crore (approximately $2.95 million) in a Seed funding round sponsored by Avaana Capital.
Futwork Funding News - In its Series A round, which was led by the Michael & Susan Dell Foundation and included Artha Ventures, Simile Capital, and other investors, sales outreach platform Futwork has raised Rs 20.9 crore, about $2.5 million.
Centricity Funding News - In a seed round, Lightspeed and returning investors Burman Family Office and Shantanu Agarwal, among others, led the investment in wealth management startup Centricity, which raised $20 million at a valuation of $125 million.
11 September 2024 - Funding News
Zivy Funding News - Zivy, an AI tool that prioritizes workplace messages and duties, has secured $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures.
Mitra Funding News - A strategic family office based in Dubai and Bestvantage Investments led the Pre-Series A fundraising round for D2C FMCG firm Mitra, which raised INR 11 Cr ($1.3 Mn).
InMobi Funding News - MARS Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to InMobi, a provider of mobile advertising network software.
Track3D Funding News - Track3D, an AI reality intelligence platform for the construction industry, announced that it had secured $4.3 million in seed funding. The funding was led by Endiya Partners, with participation from Shadow Ventures and Monta Vista Capital.
Flexiloans Funding News - In an equity funding round led by American not-for-profit fund Accion, US asset management firm Nuveen, and Nandan Nilekani-backed venture fund Fundamentum, Mumbai-based digital lending startup Flexiloans has secured Rs 290 crore (approximately $35 million).
10 September 2024 - Funding News
Crackle Technologies Funding News - Crackle Technologies, an adtech startup, has secured $1.7 million (approximately INR 14 crore) in a pre-seed funding round that was jointly headed by We Founder Circle and AC Ventures.
Supersquad Funding News - Supersquad, a startup that specializes in creator monetization, has secured Rs 2.1 crore in a funding round that was spearheaded by WLDD. Nitin Rajput and Jivraj Singh Sachar, angel investors, also contributed to the round.
AppsForBharat Funding News - AppsForBharat, the parent company of the devotional app Sri Mandir, has secured $17.8 million in its Series B funding round, which was led by Fundamentum.
Arnya Real Estate Funding News - Arnya Realestates Fund Advisors, an alternative investment management firm, has successfully closed the first close of its Rs 1,000-crore maiden debt fund, raising Rs 375 crore.
9 September 2024 - Funding News
Transcell Biologics Funding News - Quantiphi and IAN Group, both of Boston, have invested an undisclosed sum in Transcell Biologics, a biotechnology company.
2 September 2024 Monday - Latest Funding News in India
Mintifi Funding News- Mintifi a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.
Clean Electric Funding News - Clean Electric, an energy storage solutions startup, has secured Rs 48.5 crore (approximately $6 million) in funding from both new and existing investors.
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