Bhubaneswar: Startup Odisha signed Memorandums of Understanding (MoUs) with Equanimity Ventures and Sanchi Connect on the first day of FundStack 3.0, a two-day annual startup investment summit, in Bhubaneswar on Tuesday.
The collaboration with Equanimity Ventures focuses on preparation of startups for investment, ensuring their readiness for the dynamic landscape. Similarly, the partnership with Sanchi Connect aims at empowering the startups through a comprehensive acceleration programme, facilitating their growth trajectory.
The first day of the summit, organised by Startup Odisha, an initiative of the MSME department, commenced with a round table featuring industry stalwarts including Omkar Rai, Executive Chairman of Startup Odisha, Saswat Mishra, Principal Secretary, MSME Department, representatives from SIDBI and investment partners.
The session explored the intricacies of Odisha’s rapidly evolving startup ecosystem, delving into the advantages of the Odisha Startup Grant Fund (OSGF) and shedding light on the driving forces propelling the state’s entrepreneurial growth.
“The goal of FundStack 3.0 is to seamlessly channel capital to startups through strategic connections with prominent investors. The core purpose of this event is to not only unlock funding opportunities for our startups, harness the Odisha Growth Startup Fund effectively but also provide mentorship and guidance to our startups from notable investors. We are committed to building an ecosystem with optimal, built-in resources that empower startups in the state to not only grow but also thrive,” said Rai.
“With FundStack 3.0, we invite investors to infuse capital into the growing startup ecosystem of Odisha. This is an excellent time to invest in our state as we have grown from strength to strength in every sector over the last couple of years,” said Saswat Mishra.
In the Panel Pitching sessions, held in multiple meeting rooms, Startup luminaries showcased their innovations to prominent investment firms such as Unicorn India Ventures, Mumbai Angels, Orios Ventures, IvyCap Ventures, Startup Xseed, Inflection Point Ventures and Indian Angel Network.
As many as 50 Startups from various industries including Deeptech, Healthtech, Edutech, E-commerce and food aggregators participated. Finally, top 20 startups got an opportunity for exclusive one-on-one meetings on November 22.
