FAQ'S
What type of startups can apply for India Fund Fest?
We encourage startups in any domain/industry and at any stage to apply.
What happens when the venture gets the deal in the Finale?
The entrepreneur will need to sign one-page deal sheet consisting of the terms agreed with the investor for the deal struck in the Finale. This will follow due diligence and companies and investors will have 90 days exclusivity to close the deal. The closure of deal here refers to transfer of funds. The companies getting the deal will have to submit the deposit to initiate the DD process which is adjustable against the referral fee charged by the organizer (NC).
We have already raised some capital, are there any restrictions for applying for India Fund Fest?
There are no restrictions on the amount of capital raised, we encourage everyone to apply.
What happens when the venture is eliminated in the Pre-Finale?
In case the company is not selected by the Jury for the Finale, we welcome them to come for the next Fund Fest post filling the gaps identified by the Jury. Natio Cultus would get in touch with them post the event get over.
For how many leads have you provided the funding till date?
Natio Cultus has been recognized as one of the top 38 Merger, Acquisition and Funding companies of India in March 2020. To date our consultants have supported more than 300+ startups to receive funding apart from mentoring and advising them on various aspects of business strategy and governance. Each one of our lead consultants has been an entrepreneur and has more than twenty years of business experience.
What has been the result in the previous editions of the India Fund Fest?
The India Fund Fest shifted to a spot deal enabling platform in 2019. The previous two editions were in a different format where deals were enabled based on interest post the event. The 2019 edition saw more than half the finalists get offers and most of them were accepted in the Finale. Post the finale, the investors conduct their own due diligence over an exclusive period of 90 days. During this period, often deals get restructured due to findings during the process or change in business circumstances or for a variety of other reasons. This leads to deals closing or sometimes falling through without fulfilment. India Fund Fest is a platform for accelerated path to funding and does not guarantee any funding. We do emphasize to both parties that there is no backing out unless there is a material change discovered during due diligence. What bears testimony to the success of the platform is the fact that more than 70% of our finalists of the first three editions went on to raise funds from investors within a few months of the event based on the exposure at the India Fund Fest. Many have gone on to further rounds of funding or have got acquired. This success rate is among the highest of any similar platform globally.
Do we have to apply through different links for India Fund Fest & IFF bootcamp?
No. The applications for India Fund Fest are open. Once applied on the registration link on the website, you will be meeting experts who will give screen you directly to the Pre-Finale. If they find any gaps in your business model, financial aspects, pitch etc, they would advice you to bridge the gap on your own or join us for the Bootcamp & get coached by mentors & get investor ready. It is not mandatory to join to Bootcamp.
Can I apply if the venture is at an idea stage?
We provide opportunity to companies under three categories
- Companies that are pre-revenue
- Companies that are pre-breakeven
- Companies that are already profitable.
However, you may directly apply for IFF Bootcamp, a Program designed for Investor Readiness. This will help entrepreneurs at idea stage/MVP stage to engage with mentors & get guided on how they can move forward with their business& engage with investors in future
Is there a referral fee charged by the platform?
In case of the companies striking the deal with investors & closure of the deal through India Fund Fest platform in the Finale, the companies are required to give referral fee to the organizer (Natio Cultus) only once the deal is closed. The closure of deal refers to transfer of funds in the entrepreneur’s account by the investors.
Who will be evaluating my applications?
Application Review Committee (ARC) will consist of business experts & representatives from VCs, incubators, angel investors, industry experts and more.
What is the maximum funding amount which you have generated till date?
Natio Cultus and its consultants have raised funds from INR 5 lacs to Rs 150 Crores. They have also led and firsthand experienced deals of various sizes upto USD 1.5 billion.
What type of startups can apply for IFF Bootcamp?
Startup from any industry & any stage may apply for the Bootcamp. The applications will be screened & evaluated by the business experts & the participants will be asked to make an elevator pitch to experts for 3-5 mins. The companies will be selected based on the Elevator Pitch made & the Pitch Deck shared with the IFF team.
Is it compulsory to join the IFF bootcamp?
It is not mandatory to join the Bootcamp, however it is important to fill the gaps identified & advised by the experts, either on your own or through Bootcamp.
Experts would have suggested the option only because they believe that your idea/business is fundamentally fundable however may not be investor ready, that is , it is not prepared well to be presented in front of investors & engage with them effectively to seek funds.
We have already raised some capital, are there any restrictions for applying for IFF Bootcamp?
The companies will be mentored as per the stage of your company & the industry you belong to. Companies will be divided in groups as per their stage of Pre-Revenue, Pre-Profit& Post Profit. The experts will have the sessions accordingly to learn the approach towards investors.
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