Monday 23 July 2018

Dainik Bhaskar Group and Mumbai Angels Network partner to invest in startups from New India

Ramesh Ji and Sharda Agarwal Foundation is launching India’s first start-up funding competition for startups from cities which are the growth engines of New India. The foundation is promoted by leading media group-Dainik Bhaskar. The initiative is powered by Mumbai Angels (The MA Network), India’s premier angel investing network.


The program will shortlist startups that can pitch for funding to more than 300+ members of The MA Network across the country. Dainik Bhaskar Group will also invest in each of these startups so that they can grow to their full potential and compete on an equal platform both in India and Internationally.
Startups who have either an offering or a product or a prototype ready and have commenced operations or beta testing can write into db.pitch@mumbaiangels.com

“Our primary purpose behind launching this program is to make sure that the start-ups from the growing cities in India get the same opportunity for growth and access to funding as startups in any other part of the country. As the largest media house in the country, we see it to be our responsibility to contribute to the growth of the startup ecosystem in India,” said Girish Agarwal from DB Group.
“We at The MA Network are continuously scouting for innovative startups and we are very excited to partner with DB group to identify the best startups from across India. The selected startups will be invited to pitch to 300+ members of our network across 6 cities,” said Nandini Mansinghka, CEO and MD, Mumbai Angels Network.

About Dainik Bhaskar Group
Dainik Bhaskar Group is India’s leading newspaper group. With 4 Languages and 66 Editions, the group has total readership of nearly 58 million across 12 states.  The group has a strong presence in Radio business. 94.3 MY FM, the Radio Brand of the Group, has presence in 30 cities across 7 states. The digital arm of the Group, DB Digital has 9 portals in four languages Hindi, Gujarati, English and Marathi. The Group also has its Mobile App in three languages- Hindi, Gujarati and English.  Besides, the Group has diversified interests in Power, Textile, Real Estate and Hospitality sectors.

About Mumbai Angels Network:
Started in 2006, Mumbai Angels Network (The MA Network) is India’s premier investment platform focused on investments in new ventures. The MA Network is today 300+ members strong across 6 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our memberbase, chosen from a funnel of 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing.

2 comments:

  1. Hi, what verticals startups can pitch ? what are other criteria to be qualified for pitching ?

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  2. Request you to send your business deck at above mentioned email address

    ReplyDelete