Vulture's Nest at IITB
"Vulture’s Nest", an initiative of IIT Bombay's Entrepreneurship Cell (E-Cell), saw over 20 teams participate in an aggressive session of doing investor pitches. Budding entrepreneurs presented their ideas and vied for funding from real-time investors and venture capitalists at IIT Bombay. While teams got five minutes to pitch their idea, there was a 15-minute interaction with investors.
Budding entrepreneurs pitched their ideas and vied for funding from real-time investors and venture capitalists at IIT-Bombay. An initiative of the institute’s Entrepreneurship Cell (E-Cell), the event saw over 20 teams participate in “Vulture’s Nest” — a more aggressive form of “investor pitch”.
"We came to know about our start-up, our key areas, and the market," said Edul Patel, a student of IIT-B, who works with an early stage start-up, a clean-tech company.
While teams got five minutes to pitch their idea, there was a 15-minute interaction with investors.
"It is an event where teams are actually competing for funds," said Rahul Khanna, director of Clearstone Venture Advisors. "They also need to know who their future competitors are likely to be."
Out of 100 entries, 60 were selected. The city round was held on December 15. The investors included Seedfund, Mumbai Angels, Indian Angel Network, Sherpalo Ventures, Canaan Partners, and Accel Partners.
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