Investments, Startups

6 Startups Raise Minimum INR 1M Each at IIT Bombay’s Entrepreneurship Summit

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On Sunday, IIT Bombay’s Entrepreneurship Cell hosted an on-the-spot funding event “The 10-Minute Million” in which 6 startups raised around INR 1 million funding each against a 4 percent equity to the investors. The 6 startups were shortlisted among 260 entries to pitch in front of angel investors (5 min pitch and 5 min Q&A) and get an on-the-spot decision on funding amount of USD 1 million.

Also Read: IIT Delhi’s Startup Showcase Competition Invites Startups to Pitch for INR 10L in Funding

Here are the 6 startups which received funding during the E-summit event:

InstaBounce: InstaBounce is an Indian only marketplace to Discover and Book events at the last minute. Users can browse through a curated list of events happening in the city, and book the event they like. Through this app, users can find events varying from a wine and food pairing event to a cocktail tasting, clubbing, live gigs, stand up comedy, karaoke and many more. It has raised funding from VC Karthik, Aniruddha Malpani and Ajeet Khurana.

Faaya: It is an online platform where users can design their outfits which is then tailor made for them. User can pick designs and change/add elements from the scratch. The firm has received funding from investors Ajay Pandey, Anil Chokhani, Aniruddha Malpani, Bharat Banka, VC Karthik, Ravi Gururaj, Suneel Bandhu, Sunil Kalra, Taha Nabee, Vijay Talreja and Ajeet Khurana.

CleverSharksCleverSharks is an initiative for providing a reliable and authentic platform to engineers for framing opinions about different work opportunities. The firm’s aims to create a smarter student community, equipped with correct resources and tools, where everyone takes an informed decision. It has secured funding from Vijay Talreja, Sunil Kalra, Vikram Chachra.

Chloroplast Foods: It is an online healthy snack ordering platform which offers different snack options to choose from. The startup claims to manufacture and deliver healthy, nutritious and tasty snacks directly to user address. The firm has raised funding from Ajeet Khurana, Taha Nabee, VC Kathik and Ravi Gururaj.

Dealwithus: It helps people to find better cashback offers among 300+ e-commerce websites. The website’s features include automated link building, cashback meter, android app, mobile website and is able to provide customers to use it in minimum time and can get their cash back. It also works in collaboration with NGOs and allows the users to donate their cashback for social causes. The firm has secured funding from Ajeet Khurana, Ravi Gururaj, VC Karthik, Sunil Kalra, Vijay Talreja, Vikram Chachra and Suneel Bandhu.

Leaf: It is a wearable technology company which aims at creating wearables using imagination, innovation and technology. Its product Guardian works upon the auto-sensing principle which measures stress, anxiety, fear and sends instant alerts to user’s friends, family, the police and the volunteers of the guardian community in the proximity to inform them about their location.

Prompt notifications are received by the concerned on their mobile phones and user location can be easily tracked by the Guardian mobile application that traces Guardian’s locale and immediately guides the aide to you.

Leaf raised funding from Ajeet Khurana, Anirudha Malpani, Taha Nabee, Anil Chakahni, Sunil Kalra, Ajay Pandey and Vijay Talreja.

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