In the ever growing business ecosystem where sustainability of new startups is already endangered by less profit and operational glitches. Indian startups lose most of their time and effort in poaching investors, in fact the entire process might take up to three-six months. This leak in Indian ecosystem has led to the rise of many online fundraising platforms that helps startups in creating online profiles that are in accordance with the needs of investors listed on the platform. These mindful postings bring a drastic drop in the time spent by entrepreneurs in fundraising activities.
Considering the availability of Tracxn’s massive “Competitive Intelligence” engine, the company has launched a fundraising platform, Tracxn Syndicate, to help budding entrepreneurs accelerate and build great companies. It will inherit the parent company’s curated and researched database of more than 10,000 technology startups, rendering a standout edge to the company.
The idea is to ease the way Indian startups raise money, while also creating opportunities for individuals to invest in promising Indian startups whilst mitigating risk through shared investing. The platform will allow selected startups to pitch their ideas to early stage investors who can then interact with founders, both digitally and offline for a period of three-days.
According to the company, they will be handpicking 1-2 startups from the upcoming sectors after thorough analysis of the latest trends in the hottest sectors. Every week 2 startups will showcase on the Syndicate platform to the registered angels.
For joining the investors’ pool, the process begins with the filling of a simple sign-up form. Once the investor sign-up, the company reach out to them to verify the accreditation of the investor and theron, join its investor group.
The startup fundraising process is given a 3-day window, under which startups and investors interact on various levels. Investors can apply to this process but access is granted only to the selected investors. The Process includes: