As part of attracting more funding to Kerala, the investment meet organized by KSUM, Seeding Kerala 2020 became the venue for fundraising worth Rs 70 Cr. Around 40 investors, delegates, entrepreneurs and corporates in the middle east and silicon valley became the part of Seeding Kerala. The opportunities and investments put forward by Kerala for startups were discussed at the two day event. kerala has the potential to garner and harness key and pathbreaking investment opportunities in the future.
Investment has been granted to startups including Astro Vision, Bumberry, i love9months, Entri, Sporthood and ZappyHire. The Red Button Public Safety Program received the Pavizham Rice CSR Fund.
Infosys Co Founder and Axilor Ventures Chairman Chris Gopalakrishnan said, “Kerala is doing very well in bringing new innovations and helping startups.” KSUM CEO Saji Gopinath said that Seeding Kerala became the venue for startups to avail investments from existing and new investors. Paanini Inc co-founder Babu Sivadasan said the government is taking initiatives for new enterprises and this will create jobs for the next generation.
Seeding Kerala became the best platform for corporates hunting for innovation opportunities to get acquainted with some of the best startup initiatives in Kerala. Kerala’s prominent angel networks.
There was also panel discussion addressing the sectors such as consumer tech, hardware, fintech innovation and space technology. Fund Raising Workshop for Startups and Angel Investor Master Class was held as part of Seeding Kerala. The panel discussion touched up on hierarchical categorizartion of investment opportunities that tend to reshape the startup ecosystem of the states.