The country’s first live
crowd funding event was witnessed at Kolkata on a cruise on river Ganga. The
unique concept of live crowd funding was conceptualised by Nasscom’s 10K
Startups partnering with crowd funding platform Catapoolt and payment gateway
major Payumoney.
This live crowdfunding
pitch at Kolkata was India’s first. Catapooolt, PayUmoney and Nasscom 10K
Startups have collaborated with a mission to build India’s largest growth
ecosystem for Startups and SMEs. And the same happening on a cruise makes it
even more inetresting, PayUmoney, head channel partnerships Paritosh Sharma
said last evening.
Crowdfunding is a form of
alternative finance, which has emerged outside of the traditional financial
system and garner funds from contributions from a large number of people
without diluting any stake. “We are pleased to organise India’s first ever live
crowdfunding pitch event at Kolkata. While, Kolkata have been slightly late in
catching up with start up movement, we hope that with such concepts, the people
here can leapfrog to new way of funding ideas and together put the city high on
Innovation map”, Catapoolt managing director Satish Kataria said.
Ten startups were
shortlisted to pitch their stories to attract the attention of the investors.
“We are always trying to bring east on the starup map and we will continue to
carryout activities to promote startups from this region”, Nasscom 10K startup
initiative head Ravi Ranjan said.
source: yourstory