In order to support the growing startup ecosystem in India, the Ministry of Electronics and Information Technology (MeitY) has formally launched the online technology platform - MeitY Startup Hub (MSH) i.e. www.meitystartuphub.in, inaugurated by Ravi Shankar Prasad, Hon’ble Union Minister of IT and Electronics; in the presence of Ajay Prakash Sawhney - Secretary of MeitY, Gopalakrishnan S - Joint Secretary of MeitY, Dr. AK Garg - Director of MeitY , Deepak Agarwal - CEO of MSH and Sandeep Reddy Pallavolu - Co-Founder, Chief Product Officer of TheCapitalNet.
MSH is a platform that technologically enables the key stakeholders in the startup and innovation ecosystem namely incubators, accelerators, mentors, angel investors and venture capital firms, to connect and collaborate with each other. Currently over 1,000 startups and 142 incubation centers are live on the platform.
MSH is powered by TheCapitalNet via its technology and products TheBizPlanner and TheIncubatorPro. The startups can do the business planning and showcase their enterprise through TheBizPlanner and connect with different stakeholders of the ecosystem. The incubators and accelerators can reach out to these startups using TheIncubatorPro and can manage all their incubation activities end to end. The stakeholders can also seek guidance from mentors, benefit from government schemes, access centers of excellence and avail R&D facilities and labs across the nation.
Soon MSH will enable connecting startups with venture capital firms or angel investors and corporates, create collaborative platforms for various firms to work together and provide learning repositories and connect with service providers and service offerings.
Dr. Ajai Kumar Garg, Director of MeitY while speaking of the potential of the platform said, “MeitY’s vision is to ensure that MSH brings about synergies amongst the various stakeholders, breaking away the silo mentality and sharing of best practices and ideas across the entire startup ecosystem.”
Also, adding about the collaboration, Rakesh Bhatia, CEO of TheCapitalNet said, “We are extremely excited about our partnership with MSH, there is a strong synergy between the vision of the two organisations and that is empowering the startup and innovation ecosystem. MSH has the vision and the reach complimented by deep domain and technological expertise TheCapitalNet brings.”
TheCapitalNet, Inc., a Software as a Service (SaaS) and Technology company, founded early 2018 by Rakesh Bhatia along with cofounders Manish Gupta, Vijaykanth VK and Sandeep Reddy Pallavolu, raised USD 0.5 Million in seed capital from LFI, a Dallas, TX based investment firm that has investments in Real Estate, Food & Beverages and Technology - Enterprise SAAS, Deep Technology (Artificial Intelligence and Machine Learning).
TheCapitalNet, is creating a technology platform for "Unified Global Investment Ecosystem" and recently released its first product “TheBizPlanner” (TheBizPlanner.com) to help entrepreneurs create business plans with ease and efficiency and reach out to the investors in a well-structured way.
"LFI brings a big strategic value other than the money alone, founder of LFI – Mr. Jason Lindwall has over 2 decades of rich Enterprise SaaS, B2B sales and relationship experience along with active involvement in over 20 acquisitions. All this is of huge value to us as a company as we scale the path ahead", said Rakesh, the founder and CEO of TheCapitalNet, he added "The proceeds however will help us strengthen our technology team as well as geographical expansion."
“It is a boon to entrepreneurs and founders as TheBizPlanner our first product, guides them very clearly on how to plan and present their business to investors, the best part is that it is made for entrepreneurs in strict collaboration with senior investors and successful entrepreneurs understanding exactly what is needed in a winning plan.”, said Sandeep, the co-founder and Chief Product Officer of TheCapitalNet, “We are very excited about our other products and features coming in shortly”, he added.
Jason mentioned, “I have interacted with the founding team at various instances and am confident of their competence to build something as ambitious as the range of products under TheCapitalNet umbrella, I also believe that I can add value to their business not just as an investor but as an advisor too. I wish the team the best.”