Mumbai-based FundTonic, an angel network with over 700 angel investors has announced the launch of this year’s Pune Startup Marathon. In another development, FundTonic has also unveiled a 15,000-sq-ft coworking space in Baner.
As an extension of this event, the angel network will be conducting a bigger meet on November 25 at FundTonic Co-Works. According to FundTonic founder Akshit Gupta, the main event will see the participation of speakers, mentors and angel investors from across the globe. In addition to marquee fund managers and startups, mentors will include startups that have made it through to an IPO within a short span.
The initiative is aimed at providing stakeholders and ecosystem enablers with a platform to not only invest in startups but also drive interventions for product development, business strategy and business development that will help fledgeling companies scale up rapidly.
At the launch of the Pune Startup Marathon 2017, Gupta stated, “With the launch of our operations in the city’s suburbs, we expect a rise in the number of startup applicants as well as investors for the Pune market by a considerable amount. This year we plan to invest in at least five startups from Pune within six months. Our state-of-the-art Co-working Space is spread out at a current 15,000 sq ft of area which we plan to increase to 40,000 sq feet in the next six months.”
What’s In Store For Pune Startup Marathon 2017
During the main event next week, a number of other initiatives will be launched exclusively for the Pune Startup ecosystem. In addition to the launch of a Seed funded healthcare-focussed accelerator and an exchange programme to help scale Pune-based startups in ASEAN countries, the event will see the formal arrival of a sector-agnostic global accelerator.
Among the event’s keynote speakers are Ganesh Natarajan, founder of 5Fworld and Colonel Rakesh Krishnan (Retd), founder of Catfitex Special Forces (Indian Army).