Start-ups secure a cumulative total of INR 45 lakh in investments in the latest episode of The Vault
New Delhi, October 24, 2016: With more than INR 3 crore already invested into promising ventures in just two episodes, the funding windfall on The Vault, a one-of-its-kind reality show in India, shows no signs of abating! The latest episode of the show, aired on television recently, saw the entrepreneurial dreams of two start-ups – Ambee and Foodiebaba – fulfilled with a cumulative investment of INR 45 lakh by investors on the show.
Bangalore-based Ambee, a Unique Gadget to protect air pollution, secured an investment of INR 25 lakh from Mohit Goel, CEO – Omaxe Limited, in exchange of 15% equity. On the other hand, Foodiebaba, a desserts and snacks delivery service from New Delhi, managed to get a sweet deal by securing INR 20 lakh in exchange of 26% equity from Vivek Bhargava, CEO – iProspect India. The third start-up featuring on the show, BookMyChotu, a unique domestic help service, didn’t manage to cinch any offers, but got valuable advice from the investors on the show.
Jatin Goel, Creator, The Vault, said, “Given how The Vault was conceptualised as a unique platform to give aspiring entrepreneurs a chance to gain investments and visibility, we are extremely delighted with the response to the show so far. The fact that several start-ups have already secured investments from some of the leading entrepreneurs in the country is very encouraging and motivates us to aspire for greater heights. We are confident that the interest that the show has generated will play a vital role in nurturing entrepreneurship across the length and breadth of the country.”
By giving budding entrepreneurs a unique opportunity to pitch their business ideas to a panel of investors on television, The Vault has been garnering great praise for its unique approach to boost entrepreneurship in India. Open to emerging start-ups, SMEs, the student community as well as household & rural ventures, the show gives television exposure to innovative business ideas and highlights what goes on behind closed doors during an entrepreneur-investor funding pitch.
About The Vault:
A one-of- its-kind platform in India, The Vault gives aspiring entrepreneurs from around the country a unique opportunity to pitch their business ideas to a panel of investors on television and persuade them to invest money in their ventures. The objective of the show is to give television exposure to innovative business ideas, highlighting what goes on behind closed doors during an entrepreneur-investor funding pitch.
Open to emerging start-ups, SMEs, the student community as well as household &amp; rural ventures, The Vault will showcase some of the most innovative, creative and ambitious ideas from across the nation. The investors – tough, self-made entrepreneurs themselves – will then select the best business ideas and products that India has to offer to put their hard-earned money in, as all the emotions and the drama get captured on camera.
Catch the show every Saturday 7:30 pm on ET Now and repeat every Sunday 12:30 pm Times Now. The Vault can be followed on Facebook at https://www.facebook.com/TheVaultshow.in/, and on Twitter: @TheVault_Show