PHD CHAMBER ORGANIZES 'STARTUP FIESTA' ON SATURDAY

5 August 2017, Saturday , New Delhi 

Startup Fiesta – An Investor's Eye organized under aegis of PHD Chamber of Commerce and Industry here on Saturday has concluded that Startups with out-of-box thinking should only be eligible for collateral free loans from banks and financial institutions and the students passing out from engineering institutes and the like should have genuine commitment and exciting passion to chase their ideas for commercial success. 

The conference presided over jointly by Chairman, Young Business Leaders Forum of PHD Chamber, Mr. Saket Dalmia, its Secretary General, Mr. Saurabh Sanyal and Director, MSME Development Institute, Mr. Vijay Kumar, however, collectively felt that at a time when the government is coming out with pro-active Startup Policies with sufficient and convenient banking facilities, the Startups should work harder and explore genuine ideas with an element of originality in them for commercial success. 

It is often felt that the Startups though engaging seriously with their work, it is very few of them who are success in commercial terms because of their fresh ideas through which businesses could be generated.  

Whereas in majority of such cases, ideas though being hit out by Startups are of little commercial success and, therefore, it is recommended that budding entrepreneurs should work extra mile to fill in commercial appeal in their thinking process.  This is how the Startups Fiesta of PHD Chamber of Commerce and Industry was concluded.

The Session was further extended to one-on-one close room pitching session between prospective investors and Startups assembled on the occasion.  The major sectors covered in the session were Fintech, Healthtech, IOT, E-Commerce etc.

The major investors attended were Sunstone, Ideas to Action, Thapar Group, Venture Catalyst, Total Solutions, Adventures, Rabo Private Equity among others.  It is anticipated that over Rs.50 crore of investments was committed following closure of session. 

Among other who participated on the occasion comprised CEO, Leading Ladies Foundation, Ms. Priya Sawant and Managing Partner, India Juris & Member, YBLF, Mr. Sameer Rastogi.

Ends.

Koteshwar Prasad Dobhal

Consultant (PR)