Being hosted as a part of the E-cell’s annual Entrepreneur Summit, The Ten Minute Million (TTMM) problem is inviting purposes from early-stage startups in India
After qualifying rounds, six chosen startups will get an opportunity to pitch and win funding on February 07, 2021, with registrations open until January 15
The investor panel for this 12 months’s TTMM contains Zebpay founder Ajeet Khurana; Buzzworks founder VC Karthic; 100X.VC’s Sanjay Mehta amongst others
Constructing a startup is all the time thrilling, however it isn’t with out distinctive challenges at each stage — from ideation to crew constructing, and from product iteration to launching available in the market. And whereas a startup can management most of those to a sure diploma, maybe probably the most essential facet — fundraising — not less than within the early days.
Trying to enhance capital influx in early-stage startups and provides wings to entrepreneurial ambitions early on, the Indian Institute of Know-how, Bombay’s (IIT-B) Entrepreneur cell (E-cell) has introduced the seventh version of its annual flagship occasion ‘The Ten Minute Million Problem’ (TTMM). The problem presents pupil startups and different early stage ventures the chance of elevating $27Okay (20 Lakh) after a ten minute pitch window to buyers.
Being hosted as a part of the E-cell’s annual Entrepreneur Summit, the TTMM will see six startups shortlisted pitch their concept to a jury panel of 16 angel buyers and enterprise capitalists. Additionally they had the possibility to get INR 20 Lakh in funding after the occasion. The jury panel contains the likes of Zebpay founder Ajeet Khurana; Buzzworks founder VC Karthic; 100X.VC’s Sanjay Mehta, and angel buyers akin to Siddharth Ladsariya, Sharan Aggarwal, Sachin Tagra and Gagan Gupta, amongst others.
The TTMM is open to all early-stage startups in India, and so they can register until January 15, 2021 on the official web site by submitting their particulars and pitch deck by. The chosen startups will undergo two elimination rounds earlier than the ultimate pitch, the place six startups will pitch to the jury on February 07, 2021.
Zebpay’s Khurana, who has been an investing accomplice for the occasion for a lot of editions, stated, “The TTMM embodies all that entrepreneurship stands for. On this occasion, entrepreneurs command the respect of buyers. As a substitute of prolonged documentation and processes, TTMM offers a platform for buyers to again entrepreneurs on the pace that the entrepreneurs choose.”
Through the years, the TTMM has witnessed buyers akin to Anoop Mathur, founder and president of CORE Media together with famend entrepreneurs and angel buyers akin to Bharat Banka, who’ve additionally performed mentors to the startups prior to now six editions.
The Ten Minute Million Problem: A Look Again At Previous Editions
Pranav Khanna, founding father of Concepts That Scale Accelerator and host of the earlier version of the competitors, advised Inc42, “I consider it’s some of the thrilling stay funding occasions throughout India. There’s a gaggle of 16 buyers who alongside investing in startups are glad to attach with the individuals, share data and information them alongside the trail of success.”
The 2020 version noticed three out of the six taking part startups securing funding, whereas in 2019, 10 chosen startups have been a part of the ultimate Ten Minute Problem, with Crossforge, rePurpose International and Giscle Techniques bagging funding from the buyers.
Different startups akin to well being screening platform TraWello Healthcare, information aggregation startup NewsReach and SaaS supplier Scogo Networks additionally bagged funding within the earlier editions. Total, 21 startups have obtained on-spot funding from the investor’s panel throughout the earlier six editions.
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