New Delhi: Kotak Mahindra Bank (Kotak) and Venture Garage organised a “Find Your Investor” (FYI) programme in Delhi. In addition to educating start-ups on the nuances of raising capital and banking needs during a fundraising, the FYI Programme also doubled up as a platform for new-age entrepreneurs to interact with investors one-on-one, enabling them to meet the right investor(s).
Over 300 entrepreneurs from Delhi and over 25 investors, including AdvantEdge, Blume Ventures, WaterBridge Ventures, YourNest and Equanimity Investments participated in the event. Further, Kotak introduced a customised suite of solutions for start-ups at the event.
Puneet Kapoor, Senior Executive Vice President, Kotak Mahindra Bank said, “Being a start-up is akin to taking the road less travelled. The challenges are aplenty – from idea generation and formulating a business strategy to fundraising, market outreach and focusing on execution. In the midst of all the challenges that start-ups face, we are leveraging our expertise in the area of banking and finance, to extend a seamless experience to entrepreneurs. Our custom-made solution for start-ups – the Kotak Start-up Current Account, allows entrepreneurs to manage their banking and other business-related requirements more efficiently.”
Vivek Kumar, CEO, Venture Garage said, “We strive to enable entrepreneurship in India by handholding startups that aim to revolutionise various sectors with the use of technology. Our goal is to identify high potential startups and assist them with fundraising, go to market, strategic guidance/mentorship & technology. Our team will make regular visits to the city to mentor and assist them in fundraising apart from enabling the ecosystem by doing more such events.”
The Kotak Start-up Current Account comes with a host of features such as no balance commitment for the first 12 months, free home banking services, customised payment and collection solutions to suit each start-ups’ business model, corporate salary accounts for employees, special forex pricing, cost-effective payment solutions and trade forex solutions.
Further, each Kotak Start-up Current Account offers a number of value-added services to support entrepreneurs such as end-to-end business solutions, workplace solutions, taxation matters, travel services, digital media solutions, media solutions and advisory services for business setup and registration. All these services are provided in a cost-effective manner through empanelled professionals/agencies of Kotak.
The FYI programme is being organised in four cities – Gurgaon, Chandigarh, Jaipur and Delhi.