Natio Cultus Consultancy will conduct a start-up funding event, India Fund Fest, in Bengaluru on May 12. As many as 50 start-ups will get an opportunity to pitch before investors in the maiden edition of the festival. The firm is also planning to take the festival to Hyderabad and Lucknow. The second edition will be held in Hyderabad in February.
“There are a lot of distractions in a fund-raising event. Most of the events are studded with speeches and other distractions, diluting the focus of fund-raising,” Nalin Singh, Festival Mentor, told BusinessLine.
The firm has received 5,000 applications so far. “We are expecting some more in the next few days. We have short-listed about 475 applications and are going to close it by 600 applications. Of this, we will hand-pick 50 start-ups for the Bengaluru event,” he said.
He said the start-ups vying for a slot in the festival will have to pay ₹10,000 to get their ‘fundability’ assessed.