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08/08/2019 11:17am

Nasscom shortlisted 25 startups to pitch ideas to Japanese investors

image Nasscom shortlisted 25 startups to pitch ideas to Japanese investors

New Delhi, Aug 8 (KNN) Nasscom IT industry body has shortlisted 25 startups which will pitch their ideas to over 50 Japanese venture capital firms and institutions at an event in Tokyo next month.

The pitching session is scheduled to be held at Embassy of India in Tokyo. The pitching session will be followed by a one-on-one speed dating session in which the participating startup companies will get to meet interested Japanese investors.

The live pitching session will be on September 3-4, part of Nasscom’s ‘10,000 startups initiative’, is likely to see investments in pre-series and series A / B / C levels where the founders are looking to raise more than $2 million up to a maximum of $10 million.

There is an unmatched synergy between India and Japan and partnerships such as these further pave the way towards helping the startup ecosystem flourish, said Debjani Ghosh, Nasscom President.

"Japanese VCs have shown particular interest in investing in Indian tech startups that are creating unique solutions specific to the domestic needs in the country,” he added.

“This partnership represents the ‘startup bridge’ between India and Japan, bringing two successful entrepreneurial ecosystems together to create innovative and large scale companies of the future," Ghosh said.

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