Start-ups Graviky and Chattar Patar have secured Rs. 1.8 crore in funding from Omaxe, Metropolis Healthcare Limited, Inox Wind & The Beer Café on the Indian reality show The Vault.
Indore-based Chattar Patar managed to raise funds worth INR 1 crore from Ameera Shah, Managing Director & CEO – Metropolis Healthcare Limited, Rahul Singh, Founder & CEO, The Beer Cafe, and Devansh Jain, Director – Inox Wind, in return of 26% of its equity. Graviky, a Bangalore-based start-up, on the other hand, secured INR 80 lakh in investments from Mohit Goel, CEO – Omaxe Limited, in return of 1% equity and 7% India-exclusive commission, at an impressive valuation of INR 80 crore. Revol Wallet, the third start-up featuring in the episode, rejected the investment offer.
Jatin Goel, Creator, The Vault, said, “India, as a nation, is full of individuals with bright business ideas which can have a great impact on the society and economy as a whole. The Vault was established as a platform to give these would-be entrepreneurs from across the country a chance to give their business dreams a big boost by securing investment and garnering visibility. It is extremely heartening to see start-ups from cities like Indore participating in the show and winning investor confidence. We look forward to work towards our vision of taking entrepreneurship beyond big cities and making it a household concept across the country.”
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 & rural ventures, The Vault has already facilitated investments worth more than INR 3 crore for ventures participating in the show in just two episodes.