BG News ! FreeFlow Curates YiFi Next 2022 – A Unique Startup Funding Event

Kolkata, September : A large number of early-stage start-ups from across the country especially the east of the country gathered in Kolkata on September 16 in a game changing pitch event before a battery of seasoned VCs, Family Offices, Angel Networks, HNIs to raise capital in between the range of 23 lakh to 35 Crore INR. The event showcased the prowess of the East in the start-up ecosystem of the country.

Managing Director- Kotak Mahindra Asset Management Company- Shri Nilesh Shah, famed Author and columnist - Shri Chetan Bhagat spoke on the occasion. There was also a Fireside chat with the Unicorn Founder of Spinny, Shri Niraj Singh. All the speakers stressed on financial independence and financial renaissance

The event witnessed a huge success as there were over 538 unique applications from early-stage start-ups-cutting across verticals and from different parts of the country.

A whooping figure of cumulatively INR 230 crore of ask was discussed with more than 13 sign-offs. There were over 80 nationally accredited mentors, a facilitation ecosystem of $100k+ worth of IT credits, HR, Marketing & compliance for all finalists.

Freeflow and Velocity1 successfully organised this fundraising event in Kolkata on September 16 to enable early-stage startups from the east to raise capital CII-Yi ( youth wing of CII) in association with ICAI (Institute of Chartered Accountants of India) – Eastern India Regional Council, supported by WBIDC (West Bengal Industrial Development Corporation) presented this year’s YiFi 2022 – a unique Financial Conclave which promises to benefit the existing industries in Bengal and also provide launchpad for Start-ups and Venture Capitalists. The Government initiatives from Start-up India and Invest India were etched the day before the event by Diksha Nigam and Subham Mangla and it's farfetched implication for the eastern India.

Significantly, unique start-up applications were received from sectors like Fintech, AI & ML, IoT, Edtech, Medtech, IIoT, Blockchain, Web 3.0, Gaming, Mediatech, B2B, SAAS, D2C, Virtual Reality, Ecommerce and many others. Interestingly, there were offerings for individuals from all walks of life – Industry, Business Owners, Professionals, Young Adults and homemakers pitched infront of Kalaari Capital, Artha Venture Fund, Venture Catalysts, 9Unicorns, Dexter Angels, Angel List, Mumbai Angel Network, Unicorn India Ventures, FAAD Network, Breakout.one, Seeders to name a few.

The top 30 Startups namely Cashvisory, Hulladek Recycling, Revamp Moto,The Playbook, Livo Ai, Joly Ai, Angeldoc AI etc.got a chance to participate in the exclusive closed room pitching session, investor speed networking with VCs, Micro VCs, Angel Networks, HNIs & Family Office Funds and managed a soft commitment. (To be restructured)

ABOUT FREEFLOW:

FreeFlow is a Venture Studio with a venture building approach. It’s a government-affiliated body, a nationally accredited partner of Invest India, and were the primary partners and facilitators at the Start-up India Yatra in 21 states and spanning more than 60000 ideas and start-ups during this government initiative in 2019.