16 Indian start-ups to fulfill their dreams as The Vault concludes

Source : ANI
Last Updated: Wed, Feb 15, 2017 17:47 hrs

[India], Feb 15 (ANI): After a remarkable performance that offered a high dose of informative entertainment to its viewers, The Vault, a one-of-its-kind Indian reality TV show has concluded its extremely-successful first season.

The season comprised 12 episodes and facilitated investments worth up to Rs. 11 crore. The investors' panel popularly known as the Vault Keepers for the season included Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, Mohit Goel, CEO, Omaxe Group, Rahul Singh, Founder and CEO, The Beer Cafe, Ameera Shah, Managing Director and CEO, Metropolis Healthcare, Vivek Bhargava, CEO, iProspect, and Anupam Mittal, Founder and CEO, People Group.

The Vault featured 43 start-ups that catered to multiple industry verticals. Out of these, 16 start-ups were able to receive investment commitment totaling up to Rs. 11 crore at varying equity rates.

The start-ups that received funding include Graviky, ChattarPatar, Medmonk, Boxershorts, Awesummly, Atulyakala, Foodebaba, Ambee, Corseco, Dharamvir, Fluid AI, OyeHelp, Save mom, Medimojo, Infeedo, and Brelo.

This season of The Vault also saw six start-ups, including Revol Wallet, Fuco, Rooter, StyleDotMe, FABbox, and WYO reject the funding offer made by the investors. Also, five start-ups received incubation from some of the leading start-up incubators in India through the platform.

These included Authentic Cook, Khabri, Ubunanny, Collobe, and Nippanai. With its debut season, The Vault was not just able to garner an overwhelming response from the audience, but was also able to give an impetus to the entrepreneurial vision of several Indians, encouraging many others to dare to think and dream.

"Throughout the season, The Vault has left no stone unturned to highlight the best of business ideas sprouting from the entire nation, while also delivering quality entertainment to its viewers. It is delightful to see that this effort has not just converted into an overwhelming viewer reception, but has also contributed immensely to industry sentiment. Ending this season on a high note, we promise to return with more entertainment, thrill, and excitement in our next season," said creator The Vault, Jatin Goel.

The first season of The Vault exemplified the rise of India as an entrepreneurial hub, and received a total of 10,520 entries from areas as far as Jammu and Kashmir, Manipur, and Andaman and Nicobar Islands.

A majority of candidates were either graduates or postgraduates, whereas 20 percent of the entrepreneurs comprised college dropouts. The screening process witnessed a 21 percent female footfall, underlining the platform's role in promoting female entrepreneurship within the country.

The Vault received entries from 23 market verticals, including niche sectors such as Artificial Intelligence, drone manufacturing, education, and media entertainment. The maximum applications were received from start-ups operating in IOT, Fintech, SaaS, Food tech, and Travel industries. (ANI)



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