About Startup Jalsa
We are a startup platform - on a mission to inspire and invest in entrepreneurial talent - and help founders build enduring businesses. Since our inception as a conference in 2015, over 2000 companies have participated in the various events of Startup Jalsa and they have gone on to raise cumulatively over 500crores in funding. For more, visit:
https://bit.ly/2Zcmbd6
Our funding ticket sizes:
- Idea stage startup - Funding of INR 5 Lacs at 10% equity.
- Proof of concept/Beta stage startup - Funding of INR 25 Lacs at 10% equity.
- Revenue stage startup - Funding of INR 1 Crore at mutually agreed equity.
Who can apply?
Startups who are willing to raise funds in the range mentioned above - can apply.
What is the process of funding?
Who got funded in Startup Jalsa Invest Edition 2018:
We led the angel investment round of AugleAI with an investment of INR 70lacs (~ 100,000 USD) at a post-money valuation of INR 8.5crores (USD 1.3 million)
What next after the Pitch Sessions?
- After pitch sessions, non-binding term sheet will be offered to the selected startups and the legal and financial due diligence will be initiated.
- Selected startups will get to pitch at Startup Jalsa - Invest Edition 2019 happening in Dharamshala on 18th-20th December, 2019.
- The deal will be offered on the spot, and startups will have to decide on the spot whether they want to accept the deal or not.
- They can negotiate the terms of the deal, and startups will have to accept the offer if made.
Does Startup Jalsa Pitch Sessions accept startups only from India?
At present, Startup Jalsa Pitch Sessions are being organised in 3 foreign countries - Bangladesh, Nepal, and Sri Lanka.
Is there any registration fee involved?
To maintain the seriousness of the event, startups will have to pay a nominal fee of INR 1000 to pitch at the Pitch Sessions.
There is no fee for the Invest edition - however the cost of logistics and subsidised stay will have to borne by the Startups themselves.
Will the data of my startup be kept confidential?
Security and privacy of your data is of utmost importance to us. We follow industry best practices to ensure data safety.
Should a startup be registered to participate in the Pitch Sessions?
Both registered and non-registered companies can pitch, however, you will have to get your startup legally registered to accept the funding.
When is the last registration date?
Startups can register a day before the Pitch Session of the specific city.
When will we announce the Pitch Sessions result?
The result will be announced tentatively in the first week of November.
Things to keep in mind to prepare an elevator pitch:
- An elevator pitch is of 60 seconds and no extra time will be granted.
- Startups should present their prototypes during the pitch sessions, if in hand.
- When writing your twitter pitch in the form, make it clear and unambiguous. If in one sentence you cannot tell what you do, then you should rework the sentence. This is the first thing we will read, so taking time in crafting a good one-liner is time well spent.
- Put your bio in one or two sentences, which includes the basic details of your startups' co-founders and your core team members. If you have found any companies before, mention it.
- Pitch deck in your first impression. Communicate and pitch your startup with relevant information. clearly and concisely.
Essential elements that make a good pitch deck:
- Problem statement: What is it that you are trying to solve?
- Solution: What is the solution? What is the product?
- Market: How big is the market? Market size? What are the numbers?
- Competition Analysis: Competition. Differentiation.
- Revenue model: Not projections. How you will make money? Potential revenue model.
- Team, Founders & Advisors: Write a short one to two sentence bio of each co-founder.
- Funding ask: In your funding ask slide, mention your funding ask in INR and show how you are going to use the funds. For example: 30% for Product Development, 20% for Marketing, 30% for talent etc.
Quick help on Elevator Pitch: