Sat, May 27, 2017 | updated 02:20 AM IST

Faridabad to host India's biggest startup event this weekend

Updated: Oct 20, 2016 18:20 IST      
Faridabad to host India's biggest startup event this weekend

New Delhi [India], Oct. 20 (ANI): The Ideaz Factory has announced that the second edition of Startup Jalsa will be held on October 22 and 23 at Manav Rachna International University located on the Delhi-Surajkund Road in Faridabad.

More than 1000 delegates are expected to attend Startup Jalsa this year. Hosted by The Ideaz Factory and powered by Gionee, the two-day startup festival helps entrepreneurs add value by showcasing their business offerings to the investors and raising funds ranging from Rs.10 lakhs to Rs.10 crores.

Entrepreneurs will also get to meet successful business leaders from Escorts, Gionee, YES Bank, Knowlarity, Commonfloor.com, Indo-European Business Forum and others.

Nitin Narang, the festival director of Startup Jalsa and the Founder of The Ideaz Factory, says, "According to a recent industry report, more than 40% of startups have failed in the last two years out of which 75% of their founders never tried their hands at entrepreneurship again. We believe that the startup ecosystem needs supervision of mature leaders to enhance its success rate. We conceived Startup Jalsa with a vision to add a new perspective and bring the focus back on the basics of business building instead of quick valuations and fame. We have created a platform where India's new generation entrepreneurs can interact with successful traditional business leaders with a proven track record of creating and scaling businesses profitably. We are privileged that Shri Vipul Goel, Haryana's Minister of Industries and Commerce has consented to be the Guest of Honour at this year's event." Rao Narbir Singh, Haryana's Minister of PWD will also deliver the closing keynote address, added Nitin.

Vipul Goel, Minister of Industries and Commerce, Environment and Industrial Training, Government of Haryana, says, "After a successful edition in Chandigarh, we look forward to welcoming almost a thousand start-ups again this year at Startup Jalsa in Faridabad. The Haryana Government has taken several initiatives to boost the entrepreneurial spirit in the state. We are empowering industries through easy finance and investments. We have established 19 clusters dedicated for small and medium businesses and are creating a Rs.1000 crores fund for them. We will also provide collateral free loans of up to Rs.1 crore to startups. We are also setting up a 16-acre startup warehouse in Gurgaon in partnership with NASSCOM. We have also reduced the minimum land requirement for townships in the state from 100 acres to 25 acres, which will boost startups. Faridabad, a major industrial hub shortlisted for development as a Smart City, offers a lot of potential to emerge as the next hub for startups."

Nitin adds that the Startup Jalsa team's passion has been further buoyed this year with Prime Minister Narendra Modi's recent speech in which he remarked, "Start-ups have always been the engine of progress. When each of the five hundred odd towns produces ten startups and each of our six hundred thousand villages produce six small businesses, on a regular basis, we will create an enormous economic momentum and generate a huge number of jobs in our country. I see startups, not as short term investments, but as long term commitments."

Startup Jalsa 2016 will feature more than 50 speakers and investors. Entrepreneurs can expect to meet and hear top leaders such as Rajan Nanda, Managing Director, Escorts Group; Arvind R Vohra, CEO & MD, Gionee India; Sumit Gupta, Group President and Country Head, Retail Banking Assets Group, YES Bank; Neeraj K. Singal, CEO, SEMCO Group; Sarbvir Singh, Regional Advisor, JP Morgan; Sumit Jain, Co-Founder and CEO, Commonfloor.com; Ambarish Gupta, Founder and CEO, Knowlarity; Pranay Gupta, Co-Founder, 91Springboard; Anirudh Damani, Angel Investor and Serial Entrepreneur, Artha Ventures; Manish Kheterpal, Managing Director, WaterBridge Ventures; Somak Ghosh, Managing Partner, Contrarian Capital; Sujit Kanoria, Trustee, Kanoria Foundation; Pratyush Kukreja, Consultant, Unitus Seed Fund; and, Sanjay Singhal, Founder, Strategizers, among several others. Vijay Goel, founder, Indo European Business Forum, will also be speaking at the event.

The first edition of Startup Jalsa in Chandigarh in June 2015 featured more than 700 entrepreneurs, over 30 speakers and 20 investors. More than 40 startups received investment commitments of a total of Rs.50 crores at Startup Jalsa 2015. The keynote address was delivered by Ronnie Screwvala, Founder UTV. Other prominent speakers included Arunabh Kumar, Founder, The Viral Fever (TVF) and Pankaj Jain of 500 Startups. The startups showcased at Startup Jalsa 2015 also featured in Pitchers, an online series launched by TVF.

The Ideaz Factory is also known for having organized a plantation drive in Faridabad which entered the Limca Book of World Records. It also unfurled the world's largest tiranga (Indian national flag) in Faridabad. Some of Prime Minister Narendra Modi's rallies organized by The Ideaz Factory have seen participation of over a hundred thousand participants. (ANI)

Pune (Maharashtra) [India],May 26 (ANI-Businesswire India): Bajaj Finserv, India's most diversified financial company, through its lending arm Bajaj Finance, is offering home loans at just 8.50% for a limited period. The special offer is valid till May 29, 2017.

Full Story >>

Jugnoo takes a big leap in restaurant aggregation

Updated: May 26, 2017 16:51 IST     

New Delhi [India], May 26 (ANI-Newsvoir): Jugnoo, India's leading hyper local startup, offering a diverse range of services like rides, ready to eat meals, restaurant food delivery, grocery and B2B Delivery, records phenomenal growth for its restaurant aggregator vertical, menus.

Full Story >>

GST Bill unanimously approved in Tripura

Updated: May 26, 2017 15:15 IST     

Agartala (Tripura) [India], May 26 (ANI): On the concluding day of the three-day session of the Tripura Assembly on Thursday, the Left-ruled state approved the Goods and Services Tax (GST) Bill unanimously by voice vote.

Full Story >>

Sensex surpasses 31,000 mark, shoots by 255.17 points

Updated: May 26, 2017 14:54 IST     

New Delhi [India], May 26 (ANI): Achieving yet another milestone in just a few hours, the Sensex on Friday saw a significant surge, reaching a fresh all time high of 31,005.20, recording a rise by 255.17 points, with Nifty inching closer to the 9,600-mark.

Full Story >>

New Delhi [India], May 26 (ANI): The most economically developed states are not adequately adding to skill sets, which may result in severe shortages of skilled manpower in the coming years, according to an ASSOCHAM-Thought Arbitrage Paper.

Full Story >>

FICCI to set up StudyinIndia pavilion at NAFSA 2017

Updated: May 26, 2017 13:20 IST     

New Delhi [India], May 26 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI), along with the Ministry of Commerce, Government of India and Service Export Promotion Council and in partnership with Education Promotion Society for India will be setting up a 'StudyinIndia' pavilion, leading a delegation of over 50 Indian higher education leaders to the 69th Annual NAFSA conference scheduled to take place from May 28 to June 2 2017, in Los Angeles, U.S.A.

Full Story >>

Atal Pension Yojana registers 53 lakh subscribers

Updated: May 26, 2017 12:36 IST     

New Delhi [India], May 26 (ANI): The subscriber base under the Atal Pension Yojana (APY) reached approximately 53 Lakhs. At present, 235 banks and the Postal Department are involved with the implementation of the scheme. Besides the branches of the banks and CBS-enabled offices of India Post, quite a few banks are sourcing subscribers through their internet banking portals in a paperless environment.

Full Story >>

New Delhi [India], May 26 (ANI): The Central Board of Direct Taxes (CBDT) on Friday issued a clarification on furnishing statements of financial transactions.

Full Story >>

New Delhi [India], May 26 (ANI): The market on Friday witnessed a surge in its trade with the Sensex and Nifty hitting an all time high of 30,862.63 and 9,534.75 respectively.

Full Story >>

New Delhi [India], May 26 (ANI-BusinessWire India): ITC Limited has won the prestigious Porter Prize 2017 award for 'Excellence in Corporate Governance and Integration' and for its exemplary contribution in 'Creating Shared Value'.

Full Story >>

New Delhi [India], May 26 (ANI): C-Zentrix, a Gartner Magic Quadrant for CCI 2016-recognised product company and a cloud-based advance communication management provider on Thursday announced the launch of two new products in its customer engagement solutions portfolio, 'TrixChat' and 'ZenBot'.

Full Story >>

nexGTv now available on Amazon's Fire TV Stick

Updated: May 26, 2017 08:10 IST     

New Delhi [India], May 26 (ANI): nexGTv, a subscription-led video entertainment app on Thursday made its big-screen debut with its launch on Fire TV Stick, a digital streaming device from Amazon, and is now available on Amazon India.

Full Story >>

New Delhi [India], May 25 (ANI-NewsVoir): Rakesh Kapur, Joint Managing Director, Indian Farmers Fertiliser Cooperative Limited (IFFCO), has been elected as the Chairman of the International Fertilizer Association (IFA) at the recent IFA's Annual Conference held from May 22nd - 24th in Marrakech, Morocco in which 1400 participants were present.

Full Story >>

New Delhi [India], May 25 (ANI-NewsVoir): Unveiled at its Insights 2017 customer conference, Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, has introduced the latest version of Epicor ERP, the global enterprise resource planning solution in use today by thousands of customers in 150 countries worldwide.

Full Story >>

New Delhi [India], May 25 (ANI): Credit rating agency ICRA expects Indian GDP and gross value added (GVA) at basic prices to expand by 7.1 percent and 6.9 percent, respectively, in year-on-year (YoY) terms in Q4 FY2017.

Full Story >>

New Delhi [India], May 25 (ANI): Alibaba Mobile Business Group on Thursday announced appointment of Young Li as Head of International Business Department.

Full Story >>

New Delhi [India], May 25 (ANI): JobsForHer (JFH), an online connecting portal that enables women on a professional break to restart their careers and achieve their full potential, announces the launch of its second roadshow.

Full Story >>

Aye Finance raises USD 8 mn from Blue Orchard

Updated: May 25, 2017 13:09 IST     

New Delhi [India], May 25 (ANI): Non-banking finance company (NBFC) committed to transforming micro and small enterprise financing in India Aye Finance has announced raising USD eight million from Blue Orchard, a leading global impact investment manager.

Full Story >>

New Delhi [India], May 25 (ANI-BusinessWireIndia): International Career and College Counseling (IC3) Conference has announced the second edition of the Annual Conference, that will be held in New Delhi on August 30 and 31 2017 at JW Marriott, Aerocity.

Full Story >>

Chennai, (Tamil Nadu), [India], May 25 (ANI-NewsVoir): MindHour, one of the fastest growing Edu-tech startup based out of Kolkata takes a step ahead and excited to launch its exclusive products in Tamil Nadu to touch the lives of school going children of class 6-10, ICSE and CBSE boards.

Full Story >>