6 April, 2016, Pune: 111 Startups a ‘not-for-profit’ organisation formed jointly by Mobisoft Infotech and Pesh Group has recently organised ‘Demo Day-3’ to back-up recently floated startup companies. Organised on 23rd March, Demo Day-3 is a platform through which startups meet investors and explain their ideas and business models to them. Demo Day is a monthly event of the 111 Startups Company and till now, it has successfully organised its three proceedings.
In the recently concluded event, 111 Startup’s core team has selected four startup companies who managed to impress the organisers with their business modules. The event was attended by renowned angel investors such as Sunil Peswani, Group President, Pesh Group, Suren Kulkarni, Founder & President at SeedFire Venture Advisors Pvt. Ltd., Tarak Rindani , Entrepreneur, angel investor, Consultant, Speaker, Shadoka Ventures, Altaf Rehmani, entrepreneur and Angel Investor, Tinytapps Software Pvt. Ltd. and many other.
The short listed companies VendorzAp, RentPitara, Buyomaxo and Mooshak demonstrated their business modules to the investors and also briefed them about their future planning. Explaining about Demo Day-3, Vikrant Bhujbalrao, Head, 111 Startups said, “After screening and assessing 35 startups in the month, we have shortlisted and curated four startups who can be taken to the next level and can be connected to investors. We have invited these four startups to present their ideas in Demo Day. The participants were mainly angel investors who invest and mentor startups. Each Startup was given 20mins to present their idea followed by 20mins of Q and A. Thorough evaluation and brain storming happened in the event as the investors were very experienced and industry laureates.”
‘111 Startups‘ is an initiative of Mobisoft Infotech and Pesh Group to help Startups in empowering them through mentoring, funding, co-working, validation, MVP, connecting with co-founder!’ It is a non-profit organisation working on intent of contributing in startup ecosystem.