India Startup Festival (ISF) 2023 – 30 Investors commit 125 term sheets
8 months ago Rituka MThe India Startup Festival (ISF)’s 2nd edition 2023 was conducted from August 10 to August 12 in Bangalore, Karnataka. With over 100 startups selected from the Investor Connect Workshops conducted in Bengaluru, Hyderabad, USA, and the UK, the event is a platform where they showcased their ideas to investors, venture capitalists, and high net-worth individuals. With over 30 investors pledging a total of 125 term sheets, the event aims to foster the growth and advancement of the startup ecosystem in India.
The ISF Exhibition was inaugurated by the esteemed Chief Guest, Sadguru Sri Madhusudan, founder of Sathya Sai University for Human Excellence in Karnataka. Moreover, eminent personalities such as J A Chowdary, Dr. Siva Mahesh Tangutooru, Deenanath Harapanahalli, and Achyut Yerragangu, among others. The Chairman of Accel, Mr. Prashanth Prakash, and Vineet Rai, founder of Aavishkaar Group presented the keynote addresses for the event. ISF 2023 is a platform for interaction, networking, and partnership among startups, governmental entities, industrial entities, and investors.
Speaking about ISF 2023, Key Architect, Indian Tech Industry Chairperson, and Convenor, of India Startup Festival, J A Chowdary said, “We are very excited as we host the 2nd edition of India Startup Festival. The India Start-up Festival (ISF) is complementary to the great initiatives of the Government of India (GOI) such as Start-up India, Digital India, Make-in-India, etc, and will bring together more than 10,000 start-ups to advance their mission and drive towards an Atmanirbhar Bharat. With a vision to reimagine the start-up landscape in India with a primary focus on startups finding solutions to the problems at the bottom of the Pyramid.“
Vineet Rai, Founder of Aavishkaar, underscored the significance of prioritizing sustainability and profitability over company valuations for young startup proprietors. While also highlighting the substantial contribution of the rural economy, the constitution is 50% of the overall Indian economy.
Additionally, Prashanth Prakash, Partner at Accel, spoke on how the Indian venture capital ecosystem has matured over the years. Speaking about the position of the Bharat 2.0 segment, he spoke about how rural India contributes over $500 billion to consumption. He also went on to address the growth spurt in the number of startups innovating in this sector as well as the climate tech space.
