Exclusive: Cross Border Angels & Mentors closes several funding rounds post its flagship conference
CBA, Cross Border Angels & Mentors, an international investment club dedicated to facilitating cross border investments with investors from various countries have closed several funding rounds in startups that were present in its flagship conference Startup India Rocks 2016. CBA is a part of Scaale Group, a growth catalyst with global presence.
Startup India Rocks is Scaale’s annual startup conference, where in 2016, companies from different cities competed to get the winner prize, funding opportunities, mentorship and strategic alliances with corporates. In its second year of operations, Startup India Rocks, held at SAP Labs in Bengaluru, India over 100 companies pitched and the conference was attended by over 350 delegates in total which included 75+ corporates & investors. The team conducted a 16 – city road show to identify the most innovative startups from these cities across India. The endeavor was to reach out to 1000+ startups across these cities from the 20 City Tour to eventually compete on one platform.
Many companies have received investment commitments post the event. Close to about USD 500,000 has been committed across startups & discussions are ongoing for more than USD 1 Million. Corporates also showed interest in engaging with some of the technology ventures with a view to plan joint go to market strategies or product development.
Mandar Desai, CFO, Shirsa Labs, one of the Top 5 companies of STIR shared, “STIR event was a great experience and a wonderfully managed event by CBA. Happy to be among the winners. It adds to our credentials as the startup. The Investor community has been very receptive post the STIR event. Soft commitments got converted into investment decisions quickly. More investors approached us during the event and post which are our investors today.”
Another company that has received positive commitments is EdgeFX Technologies that designs, manufactures and sell unique, powerful and innovative STEM DIY educational kits in wide areas of Electronics, Electrical, Embedded, Communication and latest areas like IoT, Android, Arduino, Raspberry Pi and many more catering from K12 to Higher Education and beyond. With traction across 40 countries & monthly traffic of over 10 lakhs visitors, the company also specializes in setting up high technology makers’ labs in Universities, Colleges and Schools globally. Kamini Gupta, Co-founder, EdgeFX mentions, “STIR was a great platform to connect with some fantastic investors and mentors from all across the globe. The interactions at the conference greatly helped the company in engaging with reputed advisors in the education space. We have also been able to attract investor interest from the right corners.”
Prashant Maharaj, CEO, 14Square, one of the emerging ventures with a very unique and lean capital efficient model in the service apartment space, 14Square, who were also the hospitality partners for STIR shares: “The conference was one of a kind to have witnessed a diverse global audience & it was good have associated with the team across 16 cities. 14Square, which has a network 10000 rooms across the country largely focusses on B2B demand and helps manage the inventory for service operators by giving them incremental occupancy & through a technology platform.”
eShiksa, an education management portal that facilitates smooth management of educational affairs of an Institute, was also one of the top 100 startups who have received commitments of about USD 100000 as a part of the roadshow & currently are presenting on CBA network to raise another USD 150000. The platform covers all the aspects of educational business, including administrative, academic and accounting activities. The platform is being used by more than 150+ Institutes today in various parts of the country. “We aim to be an online platform for on-demand services in education and plan to launch more services at the student/parent level for revenue generation from the end user & on-board 1000+ schools in the next 18-24 months,” said Pravin Sharma CEO & Founder.
Through its global presence, CBA helps its members to co-invest and mentor international high growth potential companies, and entrepreneurs to raise funds with smart investors in different markets. Such conferences provide a great platform to evangelize the global startup investor ecosystem & give access to international mentorship & capital to emerging ideas in the country. CBA is actively seeking market validated start-ups that may be aspirational to raise smart capital globally.