08th June 2023, SURAT, India: IVY Growth Associates, a venture capital firm and start-up accelerator, in partnership with SteamHouse India Limited announces the second edition of its annual Start-up Summit ‘21BY72’ in Surat city. The summit is set to witness the grand participation of 60+ Venture Capitalists and 500+ Angel Investors and over 200+ start-ups hailing from all over India and globally. The summit is scheduled for 16, 17, 18 June at Avadh Utopia, Surat. All in all 10,000 attendees from across the globe are expected at the summit which will facilitate opportunities worth roughly over 20 Crores and contribute to the national start-up ecosystem.
Surat ranks among one of the fastest-growing cities in the world and one of the wealthiest cities in India with Diamond and Textile Industries being the key contributor on a Global Landscape. Surat has witnessed over 600+ emerging angel investors participate in the Indian Start-up Ecosystem just in the past couple of years and has seen success stories from Surat-based Startups.
The summit works around the core objective to catalyze collaborations, providing a platform to entrepreneurs to exhibit and present their concepts, and open investment opportunities for investors from across the world. The summit has successfully served as the Launchpad for start-ups like Emotorad, Legalpay, Stylework, and Gorillalink (An Israeli Start-up).
The upcoming edition will see some key names from the ecosystem participating including Shark Aman Gupta (Co-Founder & CMO, Boat), Arjun Vaidya, CA Sarthak Ahuja and notable VC Firms like 100XVC, Blume Ventures, Artha Ventures and many more.
There will be knowledge-sharing sessions from over 80 Industry Veterans and 10+ Mega Influencers and live pitching sessions. It is expected to fuel funding to 20+ start-ups in the live pitching sessions.
IVY Growth Associates has already gained ground in the city of Surat, and various parts of India like Ahmedabad, Mumbai, Bangalore, Delhi, and The United Arab Emirates. It further aims at expanding its wings across Tier-2 and Tier-3 Cities like Indore, Nagpur, Pune, Hyderabad, and Kolkata. The summit will add another stud in the start-up accelerator’s portfolio and encourage budding minds from other cities and countries too as the brand moves ahead in its journey.
IVY Growth aims at facilitating start-up funding worth 50 Crores, across at least 30 start-ups by the end of the current fiscal, and take the same number up to 200 start-ups in the next five years.
“We have a very ambitious target of providing opportunities to at least 30 start-ups by the end of the ongoing fiscal. To achieve the same this summit will play a key role. The summit is expected to accelerate the entire process and help us reach our goal faster. At the same time, not that it brings investors and entrepreneurs under one roof, but also motivates others to come forward and participate. This is largely to encourage more ideas, and inspire more minds,” said Mr. Rachit Poddar, Co-founder, IVY Growth Associates.
IVY Growth Associates is not just working in India but has also grown the community globally. It has organized conferences in the UK, UAE, and few more with the vision of building global corridors by the rise of angel investors.