January 10, 2016 | Global Incubation Services, Bangalore
This event was hosted by the Bangalore chapter of Indian Startups for Amplifi. The main objective was to introduce Amplifi XIME Accelerator to the members of Indian Startups Bangalore and also to invite interested members to pitch to join the finals of the accelerator pitch.
Representing Amplifi were Mr. Sudarshan Narayan, Managing Director – Amplifi, Mr Vishnu Bhat, Advisor to Amplifi, Pradeep Kamasani, Startup Mentor & Amplifi Angel Group member, Mr. Mukesh M. Hegde, Dean of Entrepreneurship Development at Xavier Institute of Management along with student volunteers.
The event began with a speech by Sudarshan outline SaaS opportunities in India and global opportunities for Indian SaaS startups. He also explained in detail the objective and charter of the Amplifi XIME accelerator. This was followed by a talk by Vishnu that reiterated Sudarshan’s opinion and advice to startups that cloud & B2B SaaS startups indeed had now taken the limelight and the time has come for Indian SaaS startups to take advantage of the rapidly maturing Asian market and investor interest in SaaS. This was followed by a short talk by Mukesh who talked about the vision shared by Amplifi & XIME, the infrastructure and facilities at XIME to be provided to the accelerator portfolio along with reiterating XIME’s commitment and enthusiasm to promote entrepreneurship. Pradeep shared his insights from the point of view of an investor which gave our audience a different perspective to pitch their products. Pradeep also mentioned how angel were now looking at SaaS more and more seriously and some of the important criteria they were looking for, in startups. This meet was followed by a brief Q&A round, and then finally the pitch session. About 10 startups pitched their ideas / ventures to the Amplifi panel which last for a good 3 hours, post which 3 were shortlisted to pitch on the final pitch day to be held in 2nd week of February 2016.