Nasscom Helps Four Start-ups To Raise Funds
Facebook Twitter google+ RSS Feed

Nasscom Helps Four Start-ups To Raise Funds

cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

New Delhi: IT body Nasscom has helped four start-ups raise funding of 40 lakh as part of its programme to help entrepreneurs turn their ideas into successful businesses.Four start ups -- Boutline, Imly, Drawtime and Routo -- raised 10 lakh each as part of Nasscom's on-the-spot funding event for pre-revenue companies, Nasscom said in a statement.

Eight pre-revenue companies were shortlisted from the applications received for the 10,000 Start-ups programme, which pitched their business ideas to a panel comprising of 10 investors.

Boutline offers event audience engagement app, while Routo has a suite of location sharing apps for business listings and location tracking.

Drawtyme has a mobile video platform for teachers to share interactive videos with students and Imly offers a marketplace of homecooked delicacies.

Under the Smart Capital, Nasscom's 10,000 Start-ups and Microsoft Venture with the support of Mumbai Angels have developed the on-the-spot funding model to help prototypes get the backing of angel investors who invest about Rs 5-10 lakh in them for the same percentage points of equity

Read Also: Gartner Says The Internet Of Things Installed Base Will Grow To 26 Billion Units By 2020
And Indian Government Boots to 'Safe Mode' After Gmail And Hotmail Security Threats

Source: PTI
next new
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset