Morpheus' 'Startup gurukul' kicks off

By siliconindia   |    1 Comments
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Bangalore: In a place far away from the maddening crowd of India's Silicon Valley, a bunch of young entrepreneurs were proudly showing off their innovations during the launch of a four day 'startup gurukul' by Morpheus Venture Partners called Naach-Gyaan. "This is for the first time we are doing this event, where we will bring the startups in our portfolio together for them to share ideas and help them in building their company," says Sameer Guglani, General Partner and Co-Founder of Morpheus. Though a majority of them were very young startups - some of them not even having a name, the products showcased by the 15 startups had grabbed the attention of the venture capitalists gathered during the event. There was a diverse range of startups from various verticals, be it technology or non-technology oriented. There were companies developing mobile or web applications, creating robots for industries, providing accounting services and even a company that offers eco-friendly textiles. "This is a great platform for us to showcase our products, so that we can get funding to expand our operations," said the founder of a firm that offers web application. Several VCs who had attended the event were amazed by the quality of products that the young entrepreneurs had showcased. "The amount of innovation in these startups is amazing and they even presented it really well," said Parag Dhol, Director of Inventus Capital Partners. Founded by Sameer Guglani and Nandini Hirianniah couple of years back, Indus Khaitan joined as the third partner in Morpheus last year. The firm adds young startups to their portfolio once in every six months and invests 5 lakh in each of the startup selected in the batches, apart from giving them guidance in building their companies.