ValPro has tied up with Nasscom 10,000 Startups and SIIC of IIT Kanpur to support the platform for empowering the offerings and services available there.
Value Prolific Consulting Services (ValPro), a niche financial services company, today announced launched the web-based deal-enabling platform, Enablers. The portal, which invites members to discover, invest and achieve, enables and assists startups as well as small and medium enterprises (SMEs) to connect with HNIs, Angels and Venture Capitalist for fundraising, particularly for Seed and Series A funding.
To strengthen the initiative's offerings and provide for an effective networking environment, ValPro has tied up with Nasscom 10,000 Startups and the SIDBI Innovation and Incubation Center (SIIC) of IIT Kanpur to support the platform for empowering the offerings and services available there.
Commenting on the launch and the collaboration Anshuman Khanna, Director, ValPro said, "With our years of experience in investment banking we aim to initiate a simplified, streamlined and transparent fundraising process with the 'Enablers' platform for ambitious entrepreneurs with promising businesses. We believe the alliance with NASSCOM & IIT Kanpur will underscore our proficiencies in providing a wide array of professional services with close involvement in end-to-end transactions and not act as a mere intermediary or market place between entrepreneurs and investors."
The Small and Medium Enterprises (SMEs) in India have seen exponential growth over the last decade. According to the latest reports by the SMB Chamber of Commerce and the Ministry of Micro, Small and Medium Enterprises, India currently has more than 48 million SMEs. These SMEs contribute more than 45% of India's industrial output and 40% of the country's total exports. However, fund-focused SMEs face a variety of challenges in raising money. With the 'Enablers' platform, this challenge would be mitigated significantly.
Speaking about the alignment, Rajat Tandon, Sr. Director, NASSCOM 10,000 Startups said, "We're all about elevating the reach of startups and help early stage companies succeed. Considering the potential, we see there will be great opportunities for entrepreneurs and SMEs with commencement of the 'Enablers' platform across IT/ITES sector."
Enablers Investment allows entrepreneurs and companies to scale up their businesses by securing equity investment; further provides opportunity to investors to participate in attractive business propositions and makes the entrepreneurs investor-ready while handholding them through various stages of fundraising.
To fortify the enablement, 10,000 Startups has joined forces with the initiative, which aim to incubate, fund and support the start-ups in technology sector. Also, SIIC at IIT Kanpur joined hands with ValPro to foster innovation, incubation, entrepreneurship, technology transfer and commercialization to facilitate the 'Enablers' platform for entrepreneurs and SMEs.
Underlining the association, Dr B.V. Phani, Associate Dean - Innovation and Incubation, IIT Kanpur said, "The collaboration aims to generate sustainable impact through continuous engagement, with a vital role in preserving the knowledge for the entrepreneurs. We are delighted to associate with ValPro for the 'Enablers' initiative and look forward to strengthen it in coming years."
The unique platform will feature business proposals that are vetted and validated by a team of experienced professionals assisting the investors to invest in most efficient and lucrative business idea across range of industries, including education, retail, e-commerce, healthcare, financial, IT/ITES, energy, travel and tourism, engineering, infrastructure, etc.