Nagpur: A group of 25 high net-worth individuals (HNIs) from the city have committed to offer ₹25 lakh each for a period of three years to fund startups. The total amount is expected to cover initial funding requirements of around 80 startups, said Shashikant Chaudhary, convenor of startup track of the Advantage Vidarbha event.
A memorandum of understanding (MoU) to this effect was signed during the event on Sunday, he said.Chaudhary added that this is basically an assurance of investment in the startups post diligent assessment.
Chaudhary said that 16 startups were showcased before the seed funds’ representatives during the Advantage Vidarbha event. As many as 20 representatives of seed fund investors took part in the event. This can be dubbed to be the largest gathering of seed fund investors at a single event in Nagpur, he added.
After rounds of pitching, interest has been shown in five startup ideas.
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A memorandum of understanding (MoU) to this effect was signed during the event on Sunday, he said.Chaudhary added that this is basically an assurance of investment in the startups post diligent assessment.
Chaudhary said that 16 startups were showcased before the seed funds’ representatives during the Advantage Vidarbha event. As many as 20 representatives of seed fund investors took part in the event. This can be dubbed to be the largest gathering of seed fund investors at a single event in Nagpur, he added.
After rounds of pitching, interest has been shown in five startup ideas.
We also published the following articles recently
HNIs, UHNIs offer funding lifeline to startups
HNIs and UHNIs invest in Indian startups, providing lifelines during the funding winter. Over 9,000 tech HNIs and UHNIs invest in pre-seed and Series A rounds. Indian tech startups raised $7 billion this year, a drop of 72% from last year. LPs believe in the Indian startup story. Lead investors play a crucial role in angel rounds.
HNIs and UHNIs invest in Indian startups, providing lifelines during the funding winter. Over 9,000 tech HNIs and UHNIs invest in pre-seed and Series A rounds. Indian tech startups raised $7 billion this year, a drop of 72% from last year. LPs believe in the Indian startup story. Lead investors play a crucial role in angel rounds.
Startups get HNI, UHNI funding lifeline
High networth individuals and UHNIs are turning to Indian startups amid a funding winter. Over 9,000 tech HNIs and UHNIs invest in pre-seed and Series A rounds, while 2,500 of them participate in seed and pre-series rounds. Reports show that India has 10,000 to 12,000 tech HNIs and UHNIs.
High networth individuals and UHNIs are turning to Indian startups amid a funding winter. Over 9,000 tech HNIs and UHNIs invest in pre-seed and Series A rounds, while 2,500 of them participate in seed and pre-series rounds. Reports show that India has 10,000 to 12,000 tech HNIs and UHNIs.
Charging software startup braves EV winter with fresh funding
Danish startup Monta raises $87 million in venture capital to expand its EV charging software business in Europe and the US. Monta’s software syncs with most station equipment, making it advantageous in the market. The company is positioned well in Europe, where EV charging has seen significant growth. Monta has partnerships with Siemens and has experienced substantial revenue growth.
Danish startup Monta raises $87 million in venture capital to expand its EV charging software business in Europe and the US. Monta’s software syncs with most station equipment, making it advantageous in the market. The company is positioned well in Europe, where EV charging has seen significant growth. Monta has partnerships with Siemens and has experienced substantial revenue growth.
