Budding entrepreneurs all set to revolutionise Indian startup eco system
With the development of the timeline of BITS Pilani’s International Startup Conclave, Conquest 2015 has seen enormous talent emerging from the budding entrepreneurs to revolutionize the Indian Startup Ecosystem.
With the development of the timeline of BITS Pilani’s International Startup Conclave, Conquest 2015 has seen enormous talent emerging from the budding entrepreneurs to revolutionize the Indian Startup Ecosystem.
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DCB Bank and CitrusPay partnered with BITS Pilani over this initiative to enrich these startups with a perfect platform to mark their launch.With the closing of registrations and short listing of the top 50, Conquest is headed towards the rounds of Networking Sessions which was attended more than 100 entrepreneurs along with highly experienced mentors, angel investors and venture capitalists. Through Conquest, startups have a fabulous opportunity to take forward their business ideas and plans and compete to catch the eye of potential investors.
The annual event invites startups to get assessed on their ventures, help them with mentorship as well as give them a platform to pitch and network with potential investors to make the quest for the success easier.
Conquest 2015 saw more than 1,200 registrations, including participants from abroad, out of which 50 teams have been shortlisted for the second round. The Mumbai leg saw the participation by 13 teams, followed by 23 at Delhi and 12 at Bangalore.The competitors comprised varied startup genre such as technology, energy,ecommerce ekcetera.
In addition to mentoring startups in the process of incubation and IP filing, the mentors advised them on fundraising and revenue model refining, customer acquisition, hiring and grooming talent, upscaling, branding and marketing, and technology.
The whole foundation of the sessions was based on an ideology to strengthen the ventures with the highly experienced knowledge coming from executives from various domains. With the support of few great firms like DCB Bank, Accel Partners and CitrusPay, these high aimed goals come a step closer to their success.
The bangalore session was hosted by target accelerator and succeeded in constructive networking sessions between the 12 startups and the mentors which included designers from practo, legal experts from top notch firm and financial executives as well.
Later investor oriented mentoring sessions helped startups understand the aspects of fundraising and how to make themselves fundable. The Mumbai Session saw mentors like Ruchir Inamdar (CitrusPay), Gaurav Mehta (DCB Bank) and many more followed by investor oriented mentoring led by investors from Matrix Partners and Kae Capital. At the Delhi Networking Sessions, the budding entrepreneurs had a brush with senior executives from top companies like Google and successful startups such as Food Panda, Oyo Rooms and the India Internet Fund.
The mentors advised the young entrepreneurs about the scope of improvement in their business plans and ways to monetize them. "Every second startup is trying to build a new website or app. I informed the aspirants that they should not aim only for ecommerce after the success of Flipkart and Snapdeal.
The market can't absorb 100 ecommerce companies. Only a handful will survive in the long run," said Gautam Gandhi, head of new business development of Google. Dhairik Fuletra, CFO Conquest 2015 also added “It was truly phenomenal to see such brilliant ideas under one roof. Each startup was on a quest to improvise our lives remarkably.”
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