istarthub India Acceleration Program
CBA Startup Ecosystem announced its istarthub India Acceleration Program through an event organized at CBA’s Mumbai office on Wednesday, 31st July, The audience comprised of corporates and institutional VCs to whom four program participants pitched during an engaging session.
The event marked the launch of a thriving ecosystem powered by high potential startups, innovation savvy corporates and some of the most active strategic VCs in India. The objectives of the istarthub India Acceleration Program are:
- Providing resources towards value creation through attributes such as capital, sales, talent acceleration, brand building amongst others
- Mitigating the risk of failure by placing strong corporate governance practices and offering access to pedigreed mentors
- Creating early liquidity possibilities for seed investors through Institutional Investment partners for further rounds
According to a KPMG report released in 2019, the number of startups in India has grown to 50,000 from meagre 7000 within a decade. While the Indian Silicon Valley, Bengaluru, continues to be the hotbed of Indian startup activity, Delhi and Mumbai are catching-up quickly with higher contribution of risk capital than Bengaluru, tier-II and III cities such as Jaipur, Kochi, Ahmedabad and Pune have also witnessed a significant growth in the number of startups. Istarthub India Acceleration Program has a strong emphasis on providing high quality mentors for the participating Founders and the profile of such mentors range from Corporate CXOs to successful business persons.
The program participants that pitched during the launch event have been cherrypicked from verticals such as FinTech, RetailTech/Reward Redemption & Social Networking. The objective of the event was to explore various avenues to create synergies for the participating startups including but not limited to Joint product development, product/solution bundling, strategic partnership, vendor relationship, strategic investments or simply providing an opportunity to the startups to test or pilot the product with various corporates.
Profiled below are some of the program participants:
Sureclaim [Insurtech]: SureClaim is an InsurTech startup that provides claim preparation & claim assistance platform. It helps the users claim their expenses from insurance companies. The platform also provides an online self-help tool which uses an intelligent algorithm to enable users to prepare their health insurance claim.
BlueTie [Social Networking]: BlueTie is a new-age professional networking platform that helps you network with other professionals based on complementary objectives. It’s networking with a purpose, to help you overcome professional challenges. Some key offerings are:
Objective Based Networking BlueTie focuses on Objective Driven Networking, which allows one to access professionals with co-relating objectives at that point of time, increasing the effectivity of networking. They are also launching an interesting proposition called “Enroute” which will enable professionals to set up meetings with relevant executives who are sharing the same flight, during their journey.
Giftkarting [Reward Redemption]: GiftKarting.com is an online gifting portal that lets you send physical and e-gift vouchers to your loved ones in India providing Tahofa and All Types of E-Vouchers across multiple brands in Mumbai.
Leading corporate from real estate, financial institutions and other investors were part of evaluation of startups.
CBA Startup Ecosystem continues to scout for high potential tech startups from across India who can leverage the leverage the istarthub India Acceleration Program and expedite the growth phase thus creating value for all stakeholders. We intend to have series of such events through the year designed around various sectors. Our next event will be held on 25th September in Mumbai with a focus on Proptech & Smart Technologies.
If you’re a Corporates looking to engage with Innovation ecosystem or a Founder keen to showcase your validated product or service, please reach us at firstname.lastname@example.org.