Startup Funding Demystified at CANNABLE 4.0

 Tricity Women Entrepreneurs shine at CANNABLE 4.0

Mohali, 26 November 2022:  Chandigarh Angels Network organized its flagship annual event, CANNABLE 4.0 to help entrepreneurs learn from the serial entrepreneurs and pitch their ideas with the angel investors.

The event saw over 300 startups from tricity and even from various parts of the country who shared their ideas and some of the local entrepreneurs, shortlisted by CAN, got the opportunity to pitch their startup ideas before the investors, as well interact with them in a mentoring session.

In a session for the women entrepreneurs orqanised by the Punjab State Council of Science and Technology, some innovative business ideas were presented before a panel of experts and investors. 

Though the the prospective angel investors would communicate with startups after sometime but the Punjab State Council of Science and Technology adjudged the best business pitches with Dr. Gowri Jayamurugan  was declared the winner with a cash prize of Rs.25,000 while runners up were Saina, a student entrepreneur working on artificial intelligence, Anubhi, founder of Terafac working on industrial automation and Munna Bhattacharya working in the health and wellness sphere.

In his keynote address, Prashant Pitti, co-founder of the celebrated startup EaseMyTrip advised the budding entrepreneurs that good ideas can grow even without funding, just as his enterprise EaseMyTrip was bootstrapped to a valuation of $1 Billion.

A number of serial entrepreneurs and angel investors presented insight into the funding process and addressed the fundamental concern of startups and the theme of CANNABLE4.0, ‘Demystifying Startup Funding”.   

Some of the entrepreneurs included Tej Kapoor, Managing Partner at IvyCap Ventures  Bharat Sethi, founder of Rage Coffee, Arush Chopra, Co-founder and CEO of Just Herbs, Vijay Singh Rathore of Soonicorn Ventures, Kunal Nandwani, angel investor and Co-founder of uTrade Solutions, investor Bobby Garg, Founder of Passion Gaming, Saurabh Munjal, Co-founder of Lahori Zeera and Atul Mehta, Senior VP of Sales at Razorpay, amongst many other reputed names.

Ajay Tewari, Director and Chairman of CAN said that there are over 65 angel investors in CAN WHO HAVE made key investments of over Rs.16 crores in  37 startups.

Alok Ramsisaria, Director of CAN said that the community of angel investors shall continue to have more initiatives to strengthen the startup ecosystem in the region and help startups grow and survive. Nitika Khurana, Head of Operations at CAN said events like CANNABLE is meant to bridge the gap between successful and experienced founders and the emerging startups to handhold and mentor them through their entreprenrial journey. 

2.