Hotline: 1800 102 2007
X
Search Business Opportunities
2013-12-26

Nasscom helps four start-ups raise Rs 40 lakh

IT body Nasscom has helped four start-ups raise funding of Rs 40 lakh as part of its programme to help entrepreneurs turn their ideas into successful businesses.

IT body Nasscom has helped four start-ups raise funding of Rs 40 lakh as part of its programme to help entrepreneurs turn their ideas into successful businesses.
 

In a statement issued by Nasscom, it said that four start ups - Boutline, Imly, Drawtime and Routo - raised Rs 10 lakh each as part of Nasscom's on-the-spot funding event for pre-revenue companies.
 

Eight pre-revenue companies were shortlisted from the applications received for the 10,000 Start-ups programme, which pitched their business ideas to a panel comprising of 10 investors.
 

Boutline offers event audience engagement app, while Routo has a suite of location sharing apps for business listings and location tracking.
 

Drawtyme has a mobile video platform for teachers to share interactive videos with students and Imly offers a marketplace of home-cooked delicacies.
 

Under the Smart Capital, Nasscom's 10,000 Start-ups and Microsoft Venture with the support of Mumbai Angels have developed the on-the-spot funding model to help prototypes get the backing of angel investors who invest about Rs 5-10 lakh in them for the same percentage points of equity.
 

Under the format, very early stage start-ups pitch for about five minutes to a panel of investors and post the pitch, those who are interested pool together to pitch in Rs 5-10 lakh of funding.
 

These companies also receive mentoring and connections as well.
 

Rajat Tandon, Senior Director, Nasscom 10,000 Start-ups in the statement said, “The real value these companies would receive is in form of the mentoring and connections they would get access to through the respective investors.”

 

Related opportunities
  • Quick Service Restaurants
    About Us: Café 2.o is café from Mumbai known for its..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Do you have a keen interest in education? Do you..
    Locations looking for expansion Karnataka
    Establishment year 2005
    Franchising Launch Date 2008
    Investment size Rs. 5lac - 10lac
    Space required 1500 sft to 2000 sft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Karnataka
  • Quick Service Restaurants
    About Chai GaramWe serve our tea the way Indians like..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 10lac - 20lac
    Space required 60 - 400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  •    About Us:  We began our Journey in 2007 with best in..
    Locations looking for expansion Kharodi
    Establishment year 2008
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Kharodi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts