To fuel up the spirit of entrepreneurship and bring a new wave in the scenario of Startup ecosystem, Prime Minister Narendra Modi is declared the commencement of a three day affair called ‘Startup Mahakumbh’ in New Delhi’s Bharat Mandapam. The event is starting from today and will continue as per the scheduled time.

Rajesh Kumar Singh, secretary, Department for Promotion of Industry and Internal Trade (DPIIT), said, "We hope to get the Prime Minister to visit this event. Now that the election announcement has come, there are formalities ... but we are still hopeful that we will be able to get him to this event."

He also added that, "This event is over 100 times larger in scale than anything you have seen before. Policy dialogue will be a small part of the event. It is more about celebration, showcasing success etc."

The managing director of Peak XV, Rajan Anandan, quoted, “India is now innovating in every sector and for the world. We have crossed the tipping point already the third-largest startup ecosystem in the world. Our time is now.”

The event is being organized by the government with a strong hope to demolish the so called ‘Funding winter.’

Rajesh Kumar Singh said in a press release that,the aim of this event is to move up India’s rank from 40 in terms of innovation and it will definitely uplift the growth of the Indian startup ecosystem.

DPIIT joint secretary Sanjiv told, "We have a SCO (Shanghai Cooperation Organisation) start-up forum which coincides with the event so that the whole world knows about the Indian ecosystem. One of our initiatives is to highlight Indian manufacturing start-ups. Anything that you can imagine as part of the start-up ecosystem, will be there at StartUp Mahakumbh."

This grand event will witness the participation of 2,000 startups, 10 thematic pavilions, more than 1,000 investors, 300 incubators and accelerators, 3,000 conference delegates, over 20 country delegations, 3,000 future entrepreneurs from all Indian states, over 50 unicorns and more than 50,000 business visitors notably such as Lenskart, Boat, Dream11, Oyo, Razorpay, Zerodha, Acko, Moglix, Urban Company and Nykaa.

The event is being collaboratively organized by Assocham, Nasscom, Bootstrap Incubation and Advisory Foundation, TiE and Indian Venture and Alternate Capital Association (IVCA). DPIIT, MeitY Startup Hub (MSH) and Invest India will also be part of this noble event.

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