IVY growth startup summit facilitates around INR 15 crore worth of funding through the startup summit TwentyOne by SeventyTwo

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IVY growth startup summit facilitates around INR 15 crore worth of funding through the startup summit TwentyOne by SeventyTwo
IVY growth startup summit facilitates around INR 15 crore worth of funding through the startup summit TwentyOne by SeventyTwo

At the closing ceremony of this three-day mammoth summit, IVY Growth Associates hosted the award ceremony in the presence of Bollywood actress Sonal Chauhan.

The Startup Summit TwentyOne by SeventyTwo (powered by Navitas Solar), organised by IVY Growth Associates, a leading startup ecosystem enabler based in Surat, facilitated fundraising of approximately Rs. 15 crore by various startups. Twenty-five startups pitched their ideas before investors. The Summit’s objective was to position Surat and Gujarat on the global startup ecosystem map. The three-day Summit, organised from June 16 to 18, received a tremendous response with more than 10,000 visitors on the final day and over 16,000 visitors over three days.

Over 200+ startup founders, 500+ investors and industry leaders, and over 10,000 people participated in the Summit, making it the largest summit of its kind in the country. The event provided a platform for networking, learning, and collaboration. With the presence of 50+ VCs, 15+ angel networks, and 300+ angel investors, it offered a unique opportunity for startups to showcase their proposals before investors.

Shark Tank fame and BoAT founder Aman Gupta and MamaEarth founder Ghazal Alagh were among the notable attendees. The three-day Summit included keynote speeches, panel discussions, and workshops on various startup-related topics. Experts like Sarthak Ahuja- Startup Mentor, A. Velumani- Founder & Chairman Thyrocare, and Arjun Vaidya- Ventures Lead Verlinvest shared their insights into the startup ecosystem.

Rachit Poddar, Co-founder of IVY Growth Associates said, “More than 5,000 individuals from over 20 states participated in the first edition of the TwentyOne by SeventyTwo Summit. Out of 13 partner startups, 15-17 generated investor interest and received term sheets. This edition was even bigger and better with the participation of big VCs like Artha Ventures, VCats, and Blume Ventures. The participants also benefitted from the thought leadership of Sarthak Ahuja, Arjun Vaidya, Mahavir Pratap Sharma, and over 80 industry speakers who shared their expertise and insights on the latest technology, business, and entrepreneurship trends.”

Of the 25 startups selected for pitching, ten startups presented their ideas and business model on Saturday, and the remaining got their pitching opportunity on Sunday. Four of these startups were from Surat. The summit also featured 80 startup stalls showcasing various products and services.

One of the main highlights of the Summit was the Trailblazer Mine, which included live Shark Tank-style pitching sessions and fundraising programmes for startups. Selected startups had the opportunity to present their ideas before a panel of esteemed investors.

At the closing ceremony of this three-day mammoth summit, IVY Growth Associates hosted the award ceremony in the presence of Bollywood actress Sonal Chauhan, where they felicitated the outstanding 40 Business Personalities and Entrepreneurs.

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