Hyderabad, May 4 (PTI NatioCultus, a business strategy consulting firm today said it released the list of forty-two ‘Most Fundable Startups 2017’.
The shortlisted startups will get an opportunity to put forth their ideas and meet investors in the ‘India Fund Fest’ to be held in Bengaluru on May 12, a company statement said today.
Dinesh Singh, Managing Director, NatioCultus, said the firm conducted a nationwide campaign that reached 2.4 million people with 6500+ applicants, from which 663 have been shortlisted.
To ensure that the India Fund Fest remains true to its objective of being country’s first and largest serious startup fund fest, the shortlisted companies underwent the screening process through the unique ‘Funding Readiness Report’, it said.
The top ten cities that applied for the fund fest do not include any of the four metros and Bengaluru the celebrated startup capital, just about makes the tenth position. Hyderabad is probably the largest city in the top ten. It is dominated by Lucknow, Patna, Indore, Agra, Chandigarh, Ahmedabad and Pune, Singh said.
There is a message in this for investors and policy makers. While the overall startup ecosystem in India is still relatively less mature than other developed eco systems, the pace at which it has spread deep, wide and qualitatively will require investors and policy makers to rethink their metro centric and English language centric investment philosophies, Nalin Singh, Festival Mentor said.
This is published unedited from the PTI feed.