With a constant endeavour to boost the entrepreneurial spirit of Startup India, TiE Delhi-NCR and CNBC TV18 will co-host the 7th edition of the renowned Young Turks TiE the Knot on Day 2 of TiEcon Delhi 2017, taking place on 15th and 16th December, 2017 at Taj Palace in Delhi.
Established in 2013, TiE the Knot has grown in its appeal and has become the go-to destination for startups seeking early stage funding. With a sector-agnostic deal flow, TiE the Knot provides high potential companies with demonstrable products/offerings, an exclusive platform to raise early stage funding. In the last 5 years and over 6 editions, 32 startups have pitched live to a group of investors and have received commitments and attracted funds.
For this edition, TiE received over a 150 entries from startups around the country. A jury shortlisted these to 10 who pitched to a closed group of investors and based on interest, the final 5 pitch will pitch on live television on D Day. These finalists will get an opportunity to receive investment commitments on the spot and extensive mentoring and preparation for the final pitches.
The final event will see 5 entrepreneurs get 10 minutes to make a pitch to the investors, in a live televised format. The investors will ask pertinent questions on their respective businesses and take a call on whether they would like to invest or not. At the session, there will be key service providers like accredited legal and financial firms to help with structuring of the deal and possible issuance of a term sheet.
Some of the success stories of #YTTiEtheknot, in the past, are Wishberry; Curofy; Mishtag; wedmegood; Edu4share (now Prozo), Peebuddy and the very recent Deyor camps and Bulbul App.
Testifying on the value such a platform gives to emerging startups, the winner of the 2015 edition – Anand Shahani (Wedmegood) said “TiE The Knot is an awesome platform for generating great PR for your startup, as well as showcasing to a set of active funds and angels. However I would say one of the biggest take-homes is the feedback received over multiple rounds of perfecting your pitch, and the direct feedback you get from about 25 top business minds.”