G-Startup Worldwide has announced the winners for its 2016 Bengaluru competition, recently held at the Global Mobile Internet Conference (GMIC). Fintech startup StockViews has emerged out as the winner and second and third positions have been bagged by nu,mb,erz and WorkIndia, respectively.
The winner, StockViews, an online marketplace for asset managers and independent equity analysts, will receive $50K and a complimentary trip to Silicon Valley, where it will compete against winners from Seoul, Tel-Aviv, Beijing, Tokyo, Jakarta, Sao Paulo, and Silicon Valley to win an additional investment worth $250K.
Nu,mb,erz, a SaaS-based payments management startup, will receive an investment of $30K.
Barrett Parkman, co-founder, GMIC said, “We believe India is one of the most promising markets for startups in the world. We were overwhelmed with the high-quality applications from early-stage startups for our G-Startup at GMIC Bangalore and are excited to choose two of the most innovative startups to invest in and help them to grow globally.”
As per an official statement, the competition received applications from 418 startups from more than 24 countries. 15 finalists were selected by the panel, consisting of investors from Kae Capital, Kyron Global, Sequoia Capital, Blume Ventures, GWC Innovator Fund, Axilor Ventures, M&S Partners, Bessemer Venture Partners, India Quotient, SAIF Partners, and Norwest Venture Partners. The startups were marked on the basis of industry, traction, product innovation, and team.
G-Startup Worldwide will invest over $1 Mn in more than 20 companies from around the world in 2016. The global winner and the first runner-up will receive investments worth $250K and $120K, respectively. The winners also gain access to the exclusive G-Network as well as support from mentor network.
Eligible startups from around the world may apply here.