FundTonic announces the launch of Pune Startup Marathon 2017

-
  • Renowned dignitaries & angel investors to be present at the event
  • Startups to be guided on product development, business strategy & business development
  • Company also announced the launch of a 15000 sq ft Co-Working space in Baner
Pune, 16th November 2017: FundTonic, an angel network with over 700 angel investors announced the launch of Pune Startup Marathon 2017 today. The company also announced the launch of a 15000 sq ft state of the art Co-Working space in Baner. Present at the event were Ipsita Nayak – PRO, 5F World, Akshit Gupta – Founder, FundTonic, Jiignesh Jaiin – Founder, YGEN Capital and Nainesh Kapadia – Founder, ScaleMinds. The main event that is supposed to take place on 25th November at FundTonic Co-Works shall have the presence of Speakers, Mentors & Angel Investors from across the globe who will not only invest in startups but also ensure interventions for product development, business strategy and business development to help accelerated scaling up of startups’ business. In addition to marquee Fund Manager and StartUps, mentors include startups that have made it through IPO within a short span of time, expanded businesses globally and seen it all.
The event will witness the launch of exclusive initiatives for Pune StartUp eco-system, viz. Launch of sector agnostic seed- funded global accelerator, Launch of seed funded healthcare-focused accelerator, Exchange program to help scale Pune startups to ASEAN countries, Europe and much more. Chief Guests will include Dr. Ganesh Natarajan, Founder – 5Fworld & Ex-Chairman, Nasscom Foundation and Lt Colonel Rakesh Krishnan (Retd), Founder – Catfitex Special Forces (Indian Army) & National Security Guard as key note speakers. The event is supported by ScaleMinds, Bill Cloud, Pune GDG, Tie Pune, YGen Capital, IIT Kanpur Alumni Association amongst many other distinguished brands. Some of the other dignitaries at the event will include Sanjib Jha, Lead Advisor, SIDBI /World Bank; Dr Amarendra Sahoo, Chairman, Atom Technology Ltd; Ajay Desai, Senior President, Yes Bank; Bhavin Parikh, CEO, Globe Textiles India Ltd; Dr. Sujata Malik, CEO & MD, Sunburst Healthcare; M. Radhakrishnan, Co-Founder, Autoline Industries; Santanu Samanta, Head- Business, BillDesk; Miten Mehta, Co-Founder, Spinta Global Accelerator, etc.
“As investors and participants in the Digital Start-up eco-system at 5F World, we believe the future of Digital and Industry 4.0 Transformation lies in an eco-system where large customers investors and aggregators participate with high velocity young companies. This event by FundTonic will facilitate such synergies”, says Dr. Ganesh Natarajan, Founder, 5F World, Ex-Chairman – Nasscom.
Akshit Gupta, Founder of FundTonic, says, “With the launch of our operations in the city’s suburbs, we expect a rise in the number of startup applicants as well as investors for the Pune market by a considerable amount. This year we plan to invest in at least 5 startups from Pune within 6 months. Our state-of-the-art Co-working Space is spread out at acurrent 15000 sq ft of area which we plan to increase to 40,000 sq feet in the next 6 months.”
Started out by Akshit Gupta and Bhavin Parikh as an angel investor network with 150 investors last year, the brand now has 700 investors with over 300-400 startup applications for fund raising every month. Presently the company has 50+ mentors, who will mentor startups in executing their Go-To market strategy and the team aspires to increase the number to 500 in the next few months. FundTonic closely works with ScaleMinds accelerator and a pre-accelerator programme that helps startups ascertain how feasible their ideas are. FundTonic also guides investors in funding prospective start-ups by targeting deeply upon the analytics. ScaleMinds Accelerator, founded by Nainesh Kapadia, in September last year, plans to invest in 20 startups every year and work closely to mentor them. The customized accelerator programme provides selected startups access to exclusive tie-ups with a network of 3,000+ investors supported by leading angel networks. The list includes investors from FundTonic, IAN, Ah Ventures and other angels. Navin Honagudi of Kae Capital, Miten Mehta of Spinta Global Accelerator, Axel & Boris of Yesss Capital, Dhanraj Chandriani of Technecon Healthcare Pvt. Ltd, Rajesh Sehgal of Equanimity Investments, and Bhavin Parikh Co-Founder of FundTonic, are associated as mentors to Scaleminds.
Recently ScaleMinds received more than 2,300 applications out of which the final five were selected. ScaleMinds continues to invite applications for the accelerator programme and aims to fund 20 more startups in next six months. The selected five startups for its 100 day accelerator programme were provided with a Seed funding of atleasst $15K (INR 10 Lakhs) each in addition to business strategy consulting and business development support. These included Myfutball – a one-stop app for Indian football fanatics, Taxgenie – a platform that will help 30 Mn MSMEs be GST-compliant, GAIA Bespoke, a one-stop destination for Indian working women, HRiS365.com an online/cloud-based human resource management system (HRMS) and Navigers that helps in Connecting Travellers.
About Fundtonic: FundTonic is the only company in India which provides state of the art co-working spaces, investments and growth strategies to startups in an integrated fashion. Its is a network of over 700 active angel investors, manages a fund for early stage investing and currently operates 30,000 sq ft state of the art co-working spaces in Mumbai, Pune and Bangalore. FundTonic team has enabled investments in over 60 startups with an exceptional track record of majority of the portfolio providing superior return to investors. FundTonic will continue to provide investments, work with startups to create more success stories. For more information about the company, please visit: www.fundtonic.com
For more dignitaries & guests, please check: www.fundtonic.com/team

Comments

Post a Comment

Popular posts from this blog

Accord Mediplus Pvt. ltd. owner of the brand “ACCORD HOSPITALS” completes takeover- management and operations of SDH - Sant Dnyaneshwar Hospital

-
• SDH Hospital the biggest tertiary multi-speciality hospital in PCMC will now run under the Brand of “ACCORD HOSPITALS” • The hospital which currently has 150 operational beds will soon be expanded to 300 beds After take over Accord management has upgraded the clinical infrastructure at ACCORD SDH HOSPITAL by adding latest medical equipment’s and by making improvements in the clinical infrastructure of the Hospital. A team of skilled specialist and super specialist doctors from PUNE and PCMC area are now available for consultation every day at the hospital, ensuring quick and prompt access to medical services 24/7. These changes in the hospital infrastructure and doctor availability will provide great convenience to the residents of PCMC area especially people from Moshi, Bhosari, Nigdi, Chakan etc. The residents of this area will not have to travel to Pune for availing high end tertiary care services which will now be available at their doorsteps. A team of 350 medical profe...
Read more

IDSA partners and participate in Maharashtra Consumer Day celebrations

-
Indian Direct Selling Association (IDSA) proudly partnered and participated in ‘National Consumer Day’ celebrations, held in Mumbai on 9th January 2018. Organized by Maharashtra State Food, Civil Supplies and Consumer Protection Department, the conference was themed around Emerging Digital Markets: Issues & Challenges in Consumer Protection’. During this one-day events, the government touched upon the issues such as misleading advertisements on digital platform, Consumer complaints redressal mechanism and need to protect consumers in the digital era. Maharashtra Chief Minister Devendra Fadnavis, who was the Chief Guest at the event, said “In today’s digital world, new avenues of distribution models are emerging such as e-commerce & Direct Selling. The Department of Consumer Protection is working on a mechanism to regulate these industries in the interest of consumers”. Principal Secretary for Food, Civil Supplies and Consumer Protection, Mahe...
Read more

TANISHQ, INDIA’S MOST TRUSTED JEWELLER OPENS ITS NEW SHOWROOM AT PHOENIX MALL, PUNE!

-
Special offer: FREE Gold Coins with every jewellery purchase* Tanishq, India’s most trusted jewellery brand, today celebrated another landmark in jewellery retailing by opening their showroom at Viman Nagar Road, Pune. This is the 239 th showroom in TANISHQ’s network. It will provide jewellery lovers a world class shopping experience and easy access to high quality traditional and contemporary jewellery from Tanishq. This new showroom owned by Mr.Satyen Gathani and Mrs. Urvi Gathani is spread across 2,500 sq.ft. carpet area. It offers a wide range of Tanishq jewellery from grand and opulent wedding jewellery in gold, kundan polki and diamonds to contemporary jewellery, the showroom offers it’s every customer, the divine craftsmanship in over 5000 exquisite designs, that the people of Pune look for. The new showroom was inaugurated today by Mr. Sandeep Kulhalli, Senior Vice President, Retail and Marketing, Jewellery Division and Mr. A...
Read more