ICAI to connect startups, investors at Startup Sphere 2024 from June 27 to 29

Bengaluru, NT Bureau: Bengaluru the tech city of India is set to host the much-anticipated Startup Sphere 2024 event from June 27 to 29.

The Institute of Chartered Accountants of India (ICAI) held a curtain-raiser press conference in Bengaluru, emphasising the event's goals of uniting the dynamic startup community, including partners, unicorns, influencers, founders, investors, leaders, and entrepreneurs.

The event aims to foster idea generation, capacity building, and support for the growth of India's startup ecosystem.

Building on the success of last year's inaugural event in Mumbai, which saw an estimated USD 100 million in funding commitments from 60 pitches to 75 investors.

CA. Ranjeet Kumar Agarwal, President of ICAI, highlighted the significance of India's burgeoning startup ecosystem, now the third largest globally.

"We have decided to hold the event in the tech and startup hub of the country, Bengaluru. We are expecting to arrange more than USD 200 million in funding this year," he stated.

The event is expected to attract over 10,000 participants, providing a platform for entrepreneurs to share their ideas and secure investments.

CA. Dheeraj Kumar Khandelwal, Chairman of the Committee on MSME and Startup of ICAI, shared additional details, noting that the event will feature 100 exhibitors and 200 startups pitching their innovative ideas to around 100 investors from Bengaluru.

He added, “Representatives from over 100 ICAI branches across India, along with eminent ministers, unicorns, entrepreneurs, and government officials, will also attend..”

The event will focus on emerging trends in startup ventures, AI and machine learning, the intersection of technology and entrepreneurship, digital transformation and marketing, blockchain, and data mining.