INR 15 cr funding @ Surat Startup Summit

Aman Gupta guiding the startups

INR 15 cr funding @ Surat Startup Summit

IVY Growth’s 21/72 Draws Huge Response

Over 200 startup founders and 500+ investors and industry leaders participated in the 3-day Summit organised by IVY Growth Associates.

SURAT, June 20 (The CONNECT) - The Startup Summit 21/72 organised by IVY Growth Associates facilitated fundraising of approximately Rs. 15 crore by various startups.

In all 25 startups pitched their ideas before investors. With the objective of placing Surat and Gujarat on the global startup ecosystem map, the three-day Summit was organised from June 16 to 18. It received a tremendous response with more than 10,000 visitors on the final day and over 16,000 visitors over three days.

Over 200 startup founders and 500+ investors and industry leaders participated in the Summit, making it the largest summit of its kind in the country. The event provided a platform for networking, learning, and collaboration.

With the presence of 50+ VCs, 15+ angel networks and 300+ angel investors, it offered a unique opportunity for startups to showcase their talent.

Shark Tank fame and BoAT founder Aman Gupta and MamaEarth founder Ghazal Alagh were among the notable attendees. Experts such as Sarthak Ahuja- Startup Mentor, A. Velumani- Founder & Chairman Thyrocare, and Arjun Vaidya- Ventures Lead Verlinvest shared their insights into the startup ecosystem. Out of 13 partner startups, 15-17 generated investor interest and received term sheets, said Rachit Poddar, Co-founder of IVY Growth Associates.

This edition was even bigger and better with the participation of big VCs like Artha Ventures, VCats, and Blume Ventures. The participants also benefitted from the thought leadership of Sarthak Ahuja, Arjun Vaidya, Mahavir Pratap Sharma, and over 80 industry speakers who shared their expertise and insights on the latest technology, business, and entrepreneurship trends, Poddar said.

One of the main highlights of the summit was the Trailblazer Mine, which included live Shark Tank-style pitching sessions and fundraising programmes for startups. Selected startups had the opportunity to present their ideas before a panel of esteemed investors.

At the closing ceremony of this three-day mammoth summit, IVY Growth Associates hosted the award ceremony in the presence of Bollywood actress Sonal Chauhan, where they felicitated the outstanding 40 Business Personalities and Entrepreneurs.

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