Pune Startup Ecosystem Is Growing, Evolving!

January 16, 2017

Pune has been Mumbai’s satellite town for decades. But it looks like it has come of age for entrepreneurs. With an efficient startup ecosystem evolving, Pune is rising in health tech, SAAS, automobile, etc., although it lags behind the metros in terms of food tech and e-commerce. Not surprising then that Pune has a lot of tech talent readily available and this has given rise to some very interesting startups that have the capacity to become global companies. Druva, Arcatron Mobility, Altizon Software, Helpshift, SME Networks, Firstcry are some of the examples of such startups

We believe that Pune definitely has all the technology talent to create global tech companies and to boost the same spirit in the Pune’s startup ecosystem, 111 Startups a non-profit organization which is into empowering Tech Startups hosted an event on 7th Jan 2017 called “Pune Startup Ecosystem Is Growing, Evolving!”

About Pune Startup Ecosystem Is Growing, Evolving!

It was an event where 300+ startups participated in understanding of what exactly the investor wants. What are the parameters on which the startups are evaluated and funded. What is seed fund, angel funding, series A and B funding. What are the key areas a founder should work on before approaching to the investors.

The initiative which is sponsored & backed by Mobisoft Infotech and Pesh Group is driven by Vikrant Bhujbalrao, the chief evangelist and key driving force. The people who added value were the guests speakers and panelist; who are stalwarts of the startup industry; who have invested and are integral part of the ecosystem.

The key people were Mr.Sunil Peswani, The Director, President of Pesh Group,Mr.Nitin Lahoti, Co-founder, Director, Mobisoft Infotech, Vikrant Bhujbalrao, CEO, 111 Startups, Mentor, Motivator.

Mr. Kiran Deshpande(Panelist) – President TIE Pune,Co-Founder – Mojo Networks, Investor
Mr.Sunil Nikhar(Panelist) – Founder & CEO, Digilant Solutions, Investor
Mr.Gireendra Kasmalkar(Panlist) – Founder & Director Ideas to Impact Innovations, MD & CEO , SQS India BFSI Ltd., Investor
Mr.Altaf Rehmani(Panelist) – Angel Investor, Co-founder, TinyTapps, Co-founder Pune Angels, Mentor
Mr.Pankaj Mittal(Panelist) – Angel Investor, Mentor, Co-founder, Pune Angels
Mr.Suren Kulkarni(Panelist) – Angel Investor, Mentor, Managing Partner & Co-founder at Inovez Corporation & Seedfire Ventures
Mr.Vikas Kumar(The Speaker) – Angel Investor, Author, Serial Entrepreneur
Mr.Jeet Vijay(The Speaker) – CEO, Bhau Entrepreneurs

Key Discussion That Took Place

The event had a hot discussion going on Pune Startups growing and evolving at their pace. These startups are slowly driving the business ecosystem in India and are gathering all the attention of business news and business blogs. Young entrepreneurs with great leadership skills and innovative business ideas are giving many of the established businesses a run for their money.

The reason behind this is that startups bring new competition and fresh ideas to the business ecosystem. The Pune startup ecosystem driven by an extremely young, diverse and inclusive entrepreneurial landscape is rapidly evolving. This is leading to emergence of focused domain solutions for verticals like healthcare, agriculture, education, etc. An additional driving force is a four-fold increase in access to capital through VCs, angel investment, and seed funding, which is allowing Indian entrepreneurs to work on building tailor-made products for their customers.

For sure, the coming months will see more variations as the market matures further, such as introduction of new start-up business models, varying investor sentiments, altered tax regimes, changing consumer preferences and technological advancements. The entrepreneurs who will emerge as winners will the ones who have foreseen and leveraged on the opportunities these changes will present.

Against this backdrop, the event brought the visionaries of startup ecosystem together with leading investors and deal-makers to discuss upcoming trends and future outlook so that the community is ready for what’s-in-store.

111 Startups

111 Startups encourages entrepreneurship, promote calculated risk-taking and support the creation of startup ventures through lean-methodologies and best practices.

The event was open to aspiring Tech Entrepreneurs, early stage startups, IT employees and students.

It aimed at educating and inspiring the next generation of entrepreneurial leaders, support tech entrepreneurs and guide their growth via our network of mentors and advisors, foster and support the growing community of entrepreneurs and innovators in Pune, India.

The company engages with aspiring entrepreneurs, mentors and investors through Events, Panel Discussions, Workshops on Entrepreneurship to create and evolve Pune Startups. 111 Startups is led by Vikram Bhujbalrao.