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Tuesday, December 6, 2022

India’s largest startup funding platform opens with Rs 65 crore corpus

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On the IIM Calcutta Alumni Association and IIM Calcutta Innovation Park-backed platform, promising companies can pitch their business ideas to 5,000+ angels and 7+ institutional investors who have committed a corpus of over Rs 65 crore.

Clarion Call 5.0, India’s largest startup funding and mentoring platform a corpus, is now accepting applications. With new-age entrepreneurs coming up with novel ideas to solve distinct commercial, consumer, and technology concerns, India’s startup ecosystem has grown exponentially in the last half-decade.

However, there are numerous problems associated with entrepreneurship, such as funding, team building, legislation, and so on.

Clarion Call was created and launched in 2016 to assist creators in overcoming these challenges.

Prior to this next version 5.0, the IIMCAA organized four editions of Clarion Call (CC). This year’s highlight is the opportunity for promising companies to pitch their business ideas to 5,000+ angels and 7+ institutional investors who have committed a corpus of over Rs 65 crore.

The IIMCAA-M is a non-profit organization that is organizing this event with the goal of creating a platform and a program that will provide outstanding and deserving entrepreneurs with access to investment, incubation, mentoring, as well as visibility, prizes, and credits. According to the official website, CC 5.0 will be a virtual event that does not require any travel or face-to-face encounters to participate in.

Winners will be able to obtain investment at an early stage and find the necessary guidance to help their businesses expand quickly.

The top 20 finalists will be incubated with a variety of partners, including IIM Calcutta Innovation Park, BSE Incubator ZONE Startup, and others.

Finalists would not only interact with possible investors, but they would also be exposed to industry experts and IIMCAA mentors. The initiative invites renowned IIM alumni from around the world to mentor the finalists and help the startup ecosystem.

Subrat Pani, Co-founder of OneAssist, Member of the IIMCAA-MUMBAI, and Lead Organiser of Clarion Call 5.0, spoke on the impending event.

“With Clarion Call, we hope to keep IIMC alumni linked and to explore the new business ideas being developed in our country. Its goal is to contribute to the ecosystem by giving support and acceleration for these ideas to thrive and prepare for their next stages in the market. This year is the 5th edition of Clarion Call, and we are excited to see several great entrepreneurs receive well-deserved funding. Through Clarion Call, we at IIMC hope to bring complementary knowledge, experience, and networks together to help businesses accelerate. With our forum’s continued success and the funding of start-ups, the hype surrounding the event is growing.”

Ashish Chauhan, MD and CEO of the Bombay Stock Exchange (BSE) and Honorary President of the IIMCAA-Mumbai, stated, “It’s a fantastic idea for IIMC alumni to stay connected and contribute to the ecosystem. We are all looking forward to a successful Clarion Call 5.0, so come and register with us and watch your concept become a success!”

The application deadline is April 30th, 2022 (Midnight IST).

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