Jaipur: A one of its kind programme for local Start-up community to provide them an opportunity to pitch their business idea to serious investors, the 5th edition of TiE Rajasthan's flagship event for startups, ‘TiE SMASH UP 2019’ began today at Hotel Royal Orchid, Jaipur. The two days event will provide startups an opportunity to interact with and listen to the startup stories from the successful founders themselves. The theme for the 5th edition is ‘MAVERICK’ that celebrates entrepreneurial journeys of startup founders who had had the courage to think unconventionally. Smash Up helps the gen-next of entrepreneurs through investment opportunities, mentoring, networking and learning. Investors worth Rs. 2500 Crores interacted with start-ups of Rajasthan on the first day of TiE Smash Up 2019.
Day one of the event witnessed 24 curated StartUps ‘Deep Date with Investors’ from pan India where every StartUp had an opportunity to interact and pitch their ideas to 14 investors including Mumbai Angels, Rajasthan Angel Innovators Network (RAIN), TiE India Angels, Indian Angels Network, The Investment Trust of India, Unicorn Ventures, Startup Oasis, Let's Venture, Kyt Ventures, ah! Ventures, Lead Angels, Artha Venture Fund, Pacific Gaming, Key Ventures etc. Each of the StartUp was given 15 minutes each where for initial 7 minutes they had to pitch their ideas to the investor followed by a Q&A session for next 7 minutes. At the end of the 14 minutes, StartUp moved to the next investor and last 1 minute was given to investor to rate them for the pitch and presentation.
The startups selected for the investor pitch session were from various segments like Waste Management, Textiles, Education, Healthcare, Artificial Intelligence, Virtual Reality, E-learning, Energy, Agritech, E-Commerce and Fintech and included start-ups like “Dressfolk”, “Evolvenext”, “FunEduLearn”, “Meddelivery”, “Pikprint”, “Pranam Kisan”, “Studybase” etc.
“Deep Dating with Investors allow selected startups a chance to meet more and more investors under one roof. In this unique program for startups, we are determined to share our journey and experiences with the committed entrepreneurs’ community in the region for emerging entrepreneurs. We are sure that it will definitely benefit in the near future from the transaction of ideas between the giants and our entrepreneurs” said Mr. Chirag Patel, President, TiE Rajasthan. He further said that, “We also think that TiE Rajasthan mentors and partners have curated the startups well leading to a high success ratio of investible ideas.”
Mr. Mahavir Pratap Sharma, Vice Chair, TiE Global said, “We believe about 25% of startups that pitched today have an investible plan and there is a high profitability that more than 1 investor network will pool-in and co-invest on these startups.”
Since air pollution and smog has become a major health concern, Mr. Deepansh Yadav of Virescent Technologies Pvt. Ltd. has developed India’s 1st smart outdoor and large indoor space air-purifiers which are typically designed to counter a wide range of pollutants over an area of 1300 sq. Meter with purification efficiency of more than 85%. Virescent Technologies is a startup based in Jaipur.
Mr. Avnish Bhatnagar, Co-Founder, Atrum Shutrum, a Jaipur based StartUp for anytime snacking option for healthy living shared that there are a lot of snacking options available in market like Seeds, Nuts, Berries etc. which are packed in plastic containers to consume and therefore become un-healthy after a long run. In order to overcome this issue, Atrum Shutrum has launched a variety of 52 products which are packed in small glass jars. These jars have a long shelf life of 6-10 months depending upon the product and can be re-used again. These products include flavoured almonds, cashews, seeds, organic cookies (made from natural ingredients), ethnic beverages like jamun shikanji, anar shikanji, aam-panna, nimbu-masala shikanji etc.
Mr. Amit Kumar Jain of Bijson Innovations Pvt Ltd while stating about his startup said that, I started my startup in 2017. Our startup aims to promote green energy solutions via innovation through bio-technology in waste-management. We at Bijson make bio CNG gas from wet and dry waste. In our plant, wet and dry waste is separated which contains 99.5 percent methane and from this CNG Bio-Gas is made. The cost of this bio-gas production machine of 200 to 250 kg is between Rs. 7 to 8 Lakhs.
Mr. Prakash Jangid and Mr. Ashok Jangid of Malawalas, a startup based in Jaipur shared about making organic incense sticks by recycling garlands of flowers that are offered in temples. These organic incense sticks are made from the flower petals and the remaining garlands are taken in the work of making food. Mr. Prakash further shared that these organic incense sticks are currently being sold in 1700 stores in Jaipur and the price of the products are kept at Rs. 15, 35 and 55 depending upon the size of the packet.
Noted startup founders & entrepreneurs like Mr. Sumit Jain, Founder, Opentalk; Mr. Manish Kelshikar, CEO, BagForEver; Mr. Anup Patil, CEO, Intangles Lab; Ms. Anna Roy, Senior Advisor, NITI Aayog; Mr. Vineet Rao, Co Founder & CEO, Deal Share; Mr. Kovid Chugh, Director – Startups, Grant Thornton India; Mr. Rajesh Dembla, Ex Just Dial; Mr. Nikunj Sanghi, Chairman, Automotive Skill Development Council and Mr. Aditya Arora, CEO, Faad Network Private Limited will encourage the young minds by sharing their entrepreneurial journeys and views on startup ecosystem in various sessions on day two. Apart from this, day two will also have Maverick Speaker Talks, Mentoring Session, Smasher Pitches and Award and Crazy Talk.
TiE Smash Up has so far supported 850+ aspiring entrepreneurs, hosted 33 sessions with more than 95 speakers and connected 35+ investor networks to curated startups. The event expects gathering of 250+ entrepreneurs this year.