Tuesday, Jul 16 2024 | Time 03:17 Hrs(IST)
image
Business Economy


PedalStart brings together leading angels; to help startups to invest

New Delhi, June 15 (UNI) Startup founders’ community cum accelerator PedalStart recently hosted its flagship initiative – ‘Builders’ Mixer’, which successfully brought together builders and enablers of the nation’s startup ecosystem under one roof, a move that would offer investment opportunities to select startups.
Builders’ Mixer, an in-person offline investors’ networking event held in Bengaluru, was attended by 20+ leading angels, venture capitalists (VCs) and high net-worth individuals (HNIs), including prominent investors from renowned VC firms such as Prath Ventures, Capital-A, Speciale Invest, Blume Ventures, Inflexor Ventures, among others.
During the event, PedalStart unveiled its first offline cohort named ‘PedalCircle’ – an innovation hub in Bengaluru, offering acceleration and investment opportunities of up to $100k to selected startups.
The PedalCircle cohort, which begins later this month (June), aims to be a game-changer for founders across India who are currently between the POC to MVP stage, by offering them a space to innovate, a network of successful founders & operators for personalised brainstorming, resources to execute the strategies fast, $100000-250000 investment for 9-12 months runway and access of VC ecosystem for future rounds.
The mentor IC already onboarded Mayank Jain- Ex-CPO & CMP Snapdeal, Sorabh Agarwal- Co-founder & Partner AngelBay, Ankit Jain- Founder Dineout [Acquired by Swiggy], Mohit Sethi- Ex-Product OLX Group and couple of others.
Speaking about the event, Murali Krishna Gunturu, Principal at Inflexor Ventures commented, “The Builders’ Mixer event was an energetic show put together by the PedalStart team, featuring an exciting combo of entrepreneurs and curious investors and enablers. Being a part of this event, we had fantastic, insightful conversations with the entrepreneurs and participants. I am excited to see what the future holds and what’s next from the PedalStart team.”
Besides attracting some of the leading VCs and angels, Builders’ Mixer also parallelly succeeded in providing an unforeseen networking opportunity to a group of 40 visionary startup founders who PedalStart selected to be a part of this exclusive, invite-only event.
Aditya Darolia, Co-Founder of PedalStart said, “We are thrilled to witness PedalStart’s Builders’ Mixer emerge as an august gathering of industry-leading enablers, and pave the way for immersive networking between these resourceful angels, HNIs and VCs.
Marking our three-year journey in the Indian startup ecosystem, the event also served as a Kickstarter for PedalStart’s next big strides in the offline space, including the launch of our forthcoming offline innovation hub in Bengaluru – PedalCircle”.
With this cohort, we aim to pick selected 12 startups and invest overall around USD 1.5 Million as a pre-seed round and build them for the seed round.
UNI SKB CS1408
More News

Jio Financial net down 6 pc; Revenue marginally up in Q1

15 Jul 2024 | 8:06 PM

New Delhi, Jul 15 (UNI) Reliance Industries promoted Jio Financial Services on Monday announced a nearly 6 percent decline in its net profit at Rs 312.63 crore for the April-June quarter compared to Rs 331.92 crore in the same quarter of last fiscal.

see more..

Jio Financial net down 6 pc; Revenue marginally up in Q1

15 Jul 2024 | 8:03 PM

New Delhi, July 15 (UNI) Reliance Industries promoted Jio Financial Services on Monday announced nearly 6 per cent decline in its net profit at Rs 312.63 crore for the April-June quarter compared to Rs 331.92 crore in the same quarter of last fiscal.

see more..

‘Time to shift gears in manufacturing from volume to value’: R K Agrawal

15 Jul 2024 | 8:01 PM

Hyderabad, July 15 (UNI) R K Agrawal, President of the Bulk Drug Manufacturers Association of India (BDMA), emphasised the need for a strategic shift in manufacturing from volume to value, highlighting the critical role of the Council of Scientific and Industrial Research (CSIR) with its scientific capabilities and infrastructure in collaboration with the industry.

see more..

Suresh Kumar Singhal elected as new President of FTCCI

15 Jul 2024 | 7:40 PM

Hyderabad, July 15 (UNI) Suresh Kumar Singhal has been unanimously elected as President of the Federation of Telangana Chambers of Commerce and Industry (FTCCI) for the 2024–25 term.

see more..
Ashok Leyland bags single largest order of 2104 fully built buses from MSRTC

Ashok Leyland bags single largest order of 2104 fully built buses from MSRTC

15 Jul 2024 | 6:51 PM

Kolkata, July 15 (UNI) Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, on Monday announced that it has bagged single largest fully built bus order from the Maharashtra State Road Transport Corporation (MSRTC) for 2104 units of Viking passenger bus.

see more..
image