Lucknow: Visionstartups.com is being formed by a group of startup industry professionals, early stage investors government bodies and corporate mentors. Vision start up would function as a ‘Not for profit’ enterprise.
As many of us would agree, this last decade was full of innovation for India. A decade that saw the concept of entrepreneurship capture the imagination of the masses, driven in part by a spate of wildly successful young startups and massive VC interest in what had become — on the back of rapid internet penetration — one of the world’s most promising new markets.
These startups were not only changing the business landscape of the country but also the typically conservative, play-safe mindsets of the majority of Indian households that until then, wanted nothing more than for their next generation to settle in a government job, work for an MNC or join the established family business — Anything short of walking down the uncertain, uncharted path of starting up a new venture.
Cut to today, entrepreneurship has found mass acceptance in the country. In fact, it has become something to aspire to. Recently an Annual startup fair E-Week was organised and concluded by Jaipuria Institute of Management Lucknow, the E-week 22 was powered by the Incubation Cell of Jaipuria Institute of Management that aims at encouraging the development of entrepreneurial abilities within the society to produce the entrepreneurs of the future.
VisionStartUps.com was launched during this ‘EWEEK’.
Here is how VisionStartUPs aims to help support the startup eco system in Uttar Pradesh starting Lucknow.
Here are the 10 commanding core verticals of Vision
1St Entrepreneurs: A platform for Startups for networking, business exchange, and fundraising.
2nd Angels: The Domestic Angel Investors Network is dedicated to region-based Angel Investors.
We have regular funding events for the Startup Founders for raising funds from Angel Investors.
3rd NRI Angels: The International Angel Network for NRIs and PIOs based globally. The Angel
Investors get exciting opportunities to invest in fast-growing India-based Startups.
4th Finvesting: The Investment Banking division that raises funds for Startups from Venture
Capitals (VC), Private Equities (PE), and Family Offices. It also arranges Mergers & Acquisitions, PreIPO investments, and going public.
5th Media: Strategic tie up with digital publication housed for branding and PR for the startups & Entrepreneurs.
6th Franchising: To expand to other parts of UP we have a franchising option, where like minded & qualified professionals can become managing partners of their respective cities in UP
7th Registrations & by laws : This division manages all the compliances of firms, companies, and LLPs. It registers the company, files GST returns, prepares accounts, and offers regulatory compliances at a very affordable price.
8th Legal: The legal consulting & advisory division which focuses on corporate law for startups. We offer affordable and honest legal services to startups.
9th Technology: This division assists in Product & tech development
10th Incubation: This division has a tie up with ‘My Place coworking’ of Lucknow which is soon expanding to Alambagh and Gomti nagar apart from its present setup at Gokhley marg
Sudhanshu Rastogi- President VisionStartUPs said “The total funding received by Tier 2 city startups between Jan 2015 — July 2021 was only 1.5 percent of the total $76.7 billion raised by Indian startups. This means that well over 98.5 percent of venture capital was funneled into companies operating out of Banglore, Delhi NCR, and Mumbai.
Yaqoob Hasan – Chairman e-commerce committee CII UP said, “The big 3 cities were followed by Jaipur, Amravati, Bhubaneshwar, and Chandigarh, which together raised a little under $1 billion in the same period. Unsurprisingly, of the 44-odd new unicorns created in India in 2021, the vast majority also came from Bengaluru (16), Delhi- NCR (13), and Mumbai (11). We want to bring a big change in Tier2 startup ecosystem”
Gaurav Srivastava – World Bank consultant & UP government advisor on ODOP said “Today, India is home to the third largest startup ecosystem in the world with well over 60,000 startups and 90+ unicorns. Indian startups have raised over $70 billion in funding between 2014 — 2020, much of it from foreign investors who are eager to corner a piece of the market.
Interestingly, these numbers have only shot up despite the pandemic (or perhaps because of it) with the ecosystem raising a massive $36 billion in 2021, leading to the creation of over 40 new unicorns!”
Ankush Arora – MD & CEO – HashTagBazaar.com said “Rapidly increasing internet penetration and improvement in reliability of connections, reduced digital infrastructure gap between tier 1 and 2 Indian cities, We believe, most of Tier-2 & Tier-3 cities are host to institutes of higher academic education in both business and technology, providing startup founders with access to a ready talent pool. A relatively lower cost of living also means that nascent startups that are bootstrapped or have yet to raise any significant funding, can get a much greater bang for their buck.”
“In the end I would just like to say, to my fellow startups ‘We all should aim to shoot for the moon, even if we miss we would stand amongst the stars’,” added Ankush.