INDIA FUND FEST

After the resounding success of the first three editions in 2017 (SAIACS, Bangalore), 2018(SAIACS, Bangalore) & 2019(Ritz Carlton, Bangalore) 4 th edition of India Fund Fest was hosted by Chitkara University with the active support of the Chandigarh Angels Network(CAN) at Hyatt Regency Chandigarh on 7th February 2020. The focus of this year’s India Fund Fest was to give budding entrepreneurs an opportunity to get on to a path of accelerated funding. The event is being organized by Natio Cultus Consultancy Pvt Ltd- Hyderabad. This year, 27 entrepreneurs were selected for final pitching through a rigorous filtering process out of 470 applications. The selection of these startups was made by an eminent jury and through a proprietary ‘Investor Readiness Report’ process, ensuring the companies are thoroughly vetted. These 27 finalists pitched in front of 12 Master Investors to get deals needed to take their businesses to the next level. Following Startups got random commitments from angel and VC investor at the India Fund Fest 2020 hosted by Chitkara University in partnership with Cultus Hyderabad and Chandigarh Angels Network (CAN). Chitkara University Incubated Startup,RidezNow(Founders-Vipul Sharma, Ankit Mathuria & Abhisar Ahuja)- Startup providing mobility solutions to university students raised investment to the tune of Rs 50 lac from Mr Umesh Chhazzed, Mumbai. Machstatz Business Solutions (Founders – Sameer Patnaik, Srikant Gupta &Pruthviraj Subudhi )-Astartupbased out of Bangalore,providing end to end IoT solution for manufacturing industries raised 1cr investment from 3 investors – Dhyanu Das, Gurgaon, Bhavesh Lakhania, Mumbai& Sundeep Goyal, Chandigarh. Another Chitkara University Incubated Startup, AnukaiSolutions(FounderGaurav Goyal)- Startup providing AI based solutions for traffic congestions raised funding of Rs 80lacs from Hemant Sood, Ludhiana, Dhyanu Das, Gurgaon, Bhavesh Lakhania, Mumbai. Advatech Healthcare Europe Ltd (Founder-Sumit Biswas, RatnaBiswas)- A London based startup providing mobility and transportation solution for disabled and non-emergency patients, raised 1cr from Dhyanu Das, Gurgaon. Total Money raised on the spot was 6.00cr.