Mumbai (Maharashtra) [India],
Joint Director of the Ministry of Information and Broadcasting (MIB), Ashutosh Mohle set a tone with a brief observation of Wavex, outlining his vision of nurturing startups in media and entertainment places and provides a national platform to increase his ideas.
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Sandeep Jhingran, Chief Development Officer of the Internet and Mobile Association of India (IMAI), expressed satisfaction with the promising response to the initiative.
He said, “We received more than a thousand applications. Thirty of them directly picked investors and more than half of them are already in active conversations,” he said, stressing that such efforts are required to focus on media and entertainment startups.
Investor Voice added more perspectives to the transformative capacity of the initiative.
Warm -up Ventures’ site partner Rajesh Joshi reflected his personal journey to become an investor from being a startup founder.
“Life has come a full cycle … Now we are speaking with 11 startups,” he said.
Cabble founder Mustafa Harneswala highlighted traditional reluctance to fund the place.
“Many are reluctant to invest in media and entertainment. Waves are changing that mindset. Now we are working on creating a dedicated Angel network for M&E, and even searching for global linkage through cooperation with international governments.”
The panel also fielded questions from the media, which provides insight into the developed startup landscape.
Asked how investors separate meaningful materials, Rajesh cited the example of “Giggal”, a startup app creates a platform that helps to avoid cyberbulling and sexual content, calling it a benchmark for innovation responsible.
On gender representation, Sandeep accepted the limited participation of women entrepreneurs.
He said, “We are committed to better. In future versions, we hope to see more female entrepreneurs,” he said.
Expanding the format of the event, Sandeep Jhingran shared that 30 startups were given one pitching opportunities in two days; Mustafa Harneswala emphasized the need for mudification strategies for the content creators, stating that the initiative like waves helps to bridge that difference. (AI)
This report has been auto-generated from Ani News Service. Theprint does not have any responsibility for its content.