Agritech Innovation Recognised at Startup Mahakumbh: Aavishkaar Group Grants Prize Money of INR 20 Lacs to Over 10 Startups
Startup Mahakumbh, nation’s biggest celebration of the startup ecosystem, commenced yesterday, at Bharat Mandapam, setting the stage for three days of collaboration, inspiration, and transformative discussions.
Day two witnessed a diverse range of activities and sessions across 10 pavilions including AI + SaaS, D2C/Consumer brands, Agritech, Fintech, Deep Tech, Biotech & Pharma, Incubators, Climate Tech, E-sports, and B2B Manufacturing.
The Agritech Pavilion, presented by NABARD, and powered by Aavishkaar Group hosted sessions aimed at promoting the burgeoning sector driving agriculture in India. The day commenced with an engaging elevator pitch competition, featuring emerging brands showcasing innovations in millet product development, animal disease prevention, supply chain efficiency, and the cultivation of healthy snack markets for India. Following this, a pitch-off competition allowed nine startups to present their business ideas and outcomes within a concise three-minute window. Aavishkaar Group recognized the competition winners by offering prize money of up to 20 lakhs across the three-day event. The startup, Beyond Snacks, won the best pod and pitch-off competition, with 291 out of 794 live votes and prize money worth 6 lakhs.
Mr. Vineet Rai, founder of the Aavishkaar Group said, “Events like Startup Mahakumbh offer burgeoning entrepreneurs in the agritech sector an invaluable platform to present their solutions and gather insights from peers. Aavishkaar's commitment to furnishing these innovative ideas with essential capital has significantly enriched the agricultural value chain. Agritech plays a pivotal role in India's development, offering solutions to enhance productivity, streamline processes, and mitigate challenges such as resource scarcity and climate variability. Harnessing technological advancements in agriculture not only boosts yields but also fosters sustainable practices, ensures food security, and empowers rural communities, thereby contributing substantially to the nation's economic growth and social welfare.”
Startup Mahakumbh onboards top unicorns in the sponsors list, with Games 24X7, Oyo and Info Edge as Unicorn Gold sponsors, Dream11, Flipkart, Infra Market, Moglix, Nykaa as Unicorn Silver sponsors, BharatPe and Razorpay as Unicorn Bronze sponsors. The list of AIF sponsors includes Accel, Rukam Capital and Peak XV in the gold category, Aavishkar Group, Elevation Capital, Iron Pillar in the silver sponsorship category and Avendus Capital, Chiratae Ventures, Fireside Ventures, IvyCap Ventures and Sorin Investments in the bronze category of AIF sponsors.
The event will also connect Indian startups with event partners including Dalmia Bharat & Google (silver partners), Acko, Captain Fresh, Mobile Premier League (MPL), Jetsynthesis, Tally (bronze partners), IAN & Blume Ventures (session partners), IDFC First Bank (Bank partner), MM Active & India Mobile Congress (IMC) (Event partners) and Indian School of Business (ISB) (Academic partner).
About Startup Mahakumbh
Startup Mahakumbh is a first-of-its-kind event bringing together the entire startup ecosystem of India including startups, investors, incubators and accelerators, and industry leaders from several sectors. Spearheaded by the collaborative efforts of ASSOCHAM, nasscom, Bootstrap Incubation & Advisory Foundation, TiE, and Indian Venture and Alternate Capital Association (IVCA), the event will have sector-focused pavilions, which will showcase India's most innovative startups. With the central theme, ‘Bharat Innovates’, the event will also feature mentorship clinics, pitch competitions, and a multi-track conference featuring leadership talks, panel discussions, workshops, and a host of exciting activities for startups as well as future entrepreneurs. The event will also host Future Entrepreneurs Day on March 20, with a focus on cultivating the entrepreneurial spirit among students. The Future Entrepreneurs Day is expected to gather close to 3,000 individuals handpicked by colleges and incubators nationwide for their inclination towards entrepreneurship. With the purpose of enabling handshakes and connecting startups with a spectrum of inventors such as VCs, angel investors, family offices, and HNIs- as well as potential corporate partners, the event is expected to host 2,000+ startups, 100+ unicorns, 10+ thematic pavilions, 1,000+ investors, 300+ incubators & accelerators, 3,000+ conference delegates, 10+ country delegations, and 50,000+ business visitors over the span of three days.
For more details, please visit:
https://startupmahakumbh.org/
Social Media Handles
● X -
https://twitter.com/startupmhakumbh
● LinkedIn-
https://www.linkedin.com/company/startup-mahakumbh/
● YouTube-
https://www.youtube.com/channel/UCO4pAOC7tInsq6xLjZQKoVg
● Instagram-
https://www.instagram.com/startupmahakumbh/
● Facebook-
https://www.facebook.com/profile.php?id=61556445474740 Source: BUSINESS WIRE INDIA
