India Innovation Impact & Entrepreneurship Conclave (IIIE Conclave) concludes at Bengal Global Trade Expo
In the IIIE Conclave, there were a total of 58 unique pitches from the start-ups, 13 of which appeared online. There were eight equity investments in total, among which five reached the “draught sheet” stage on the final day. The session witnessed the interaction of 11 investors, who shared their experience conducting business in Kolkata. Angel investors like Gautam Sivaramakrishnan from Blume Ventures, Gautam Vamshi, a start-up investor, and Sayed T. Husain, Executive Director of JP Morgan Chase & Co., were present during the concluding session. About 13 million dollars in debt and equity are to be invested across 24 deals. Talks are on with another 112 ventures pertaining to investments. The final deals will be followed up for over a period of 45 days to conduct due diligence, informed members of the conclave. In the hiring forum of the conclave, 138 students sat across different start-ups for job offers. The forum will also help students travelling from across the country to get opportunities to work remotely on a contractual basis. The conclave also announced more than 300 internship opportunities for students from different colleges.
The session emphasised the final results of qualified start-ups that will receive over Rs. 200 crore in funding and provide placement opportunities to over 300 students.