Indian homegrown international platform, India FinTech Pageant (IFF) 2020, has opened functions for its present ‘FInD the following Unicorn’, to offer an opportunity to Indian shopper fintech startups to spot elevate pre-Collection A funding of as much as $1 million.
The principle eligibility standards for the applying contains – the startup should be primarily based out of India and on the lookout for lower than or equal to $1 million funding. The startup should even have a consumer-facing product and it shouldn’t be within the ideation stage, and will have some optimistic income era.
A 5 member jury has been setup to shortlist 20 candidates for a closed door semifinal, slated to be held in mid-February in Mumbai. Of the 20 shortlisted startups, 10 shall be chosen to current their thought on the finale to be held on the India Fintech Pageant on March 5.
Suniti Nanda, Fintech Officer, Mumbai Fintech Hub, mentioned,
“India has been dwelling to 25 unicorns, and we imagine that the zest from the fintech startup ecosystem will assist us uncover extra startups that may take the quantity to 100 by 2025.”
“Along with the spot funding dedication, FInD the Subsequent Unicorn will even give a large publicity to those startups by bringing them to the centre stage of the fintech ecosystem and assist them get seen by extra buyers who’re prepared to assist them,” she added.
In the course of the finale, every of the 10 shortlisted startups will get 10 minutes to current their concepts to the viewers and spot pitch to a marquee investor panel of 5 members, together with the likes of Amrish Rau, India CEO of PayU, and Sanjay Mehta, Founder and Accomplice of 100x.vc.
The panel will even present on-the-spot funding dedication of as much as $1 million to the startup whose thought is discovered to be essentially the most convincing.
IFF 2020 is being introduced by Mumbai Fintech Hub (Authorities of Maharashtra), Ministry of Electronics and Data Expertise (MeitY), Nationwide Funds Company of India (NPCI) and Fintech Convergence Council (FCC) on March four and 5 at MMRDA grounds, Bandra Kurla Complicated.
(Edited by Megha Reddy)