Nasscom today announced that 25 innovative Indian tech startups will participate in a live pitch session at Tokyo, Japan.
Japanese Venture Capital Network allows selected Indian tech startups to present their ideas in front of over 50 Japanese VC firms and get a chance to raise capital. Nasscom plans to scale up the network to over 75+ VC firms and institutions.
The investments will be in Pre-series / Series A / B / C level where the founders are looking to raise a sum of $2-$10 million.
Nasscom has received over 1,504 applications from start-ups, and shortlisted 25 innovative tech start-ups from various sectors. The sectors include, Agritech, Foodtech, Cybersecurity, Healthtech, Mobility, Industrial Solutions, Supply chain, Fintech, Consumer Tech, Edutech, Entertainment, Spacetech, HR, Travel and Hospitality.
The applications were judged and reviewed by thought-leaders from both India and Japan, like Ravi Gururaj, founder and CEO of Qikpod, Kunal Bahl, founder of Snapdeal, Nau Murakami, partner at Incubate Fund, Eto Munehiko, partner at Dream Incubator, Brij Bhasin, India head at Rebright Partner, Vinit Bhansali, VP Investment at Orios VP.
The selection process included parameters like fund raised in past, propensity to scale, innovation, problem solving strategies, current round size, valuation etc.
The pitching session is scheduled on September 3-4 2019, in Tokyo to be held at Embassy of India. Nasscom will arrange one-on-one speed dating session for startup companies to meet with interested Japanese investors following the Pitch session on the day.
India has more than 7,200 start-ups. India ranks as the third largest startup ecosystem in the world.