Dainik Bhaskar partners The Mumbai Angels Network to launch startup funding competition

31 Jul,2018

By A Correspondent


Dainik Bhaskar Group announced that the group’s non-profit arm, Ramesh and Sharda Agarwal Foundation is launching India’s first startup funding competition for startups from Tier 2 and 3 Tier cities which are India’s new growth engines. The initiative is powered by Mumbai Angels, an angel investing network.


The programme will shortlist startups that can pitch for funding to more than 300 members of The MA Network across the country. Dainik Bhaskar Group will invest in the winning startups, mentor them to help them grow to their full potential and support them to compete on an equal platform in India and internationally.


Said Girish Agarwaal, Promoter-Director, Dainik Bhaskar Group: “We believe India’s prosperity depends strongly on its natural talent for entrepreneurship. Our primary purpose behind launching this initiative is to ensure that start-ups from fast-growing cities across India get an equal opportunity for growth and access to funding as start-ups in any other part of the country. As the largest media house in India, we consider it to be our responsibility to contribute to the growth of the startup ecosystem in India and help create several more home-grown success stories”.


Added Nandini Mansinghka, CEO and MD, Mumbai Angels Network: “The MA Network is continuously scouting for innovative start-ups and we are very excited to partner with the Daink Bhaskar Group to identify the some of the best startups from across India’s smaller towns and cities. The selected start-ups will be invited to pitch to over 300 members of our network across 6 cities.”



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