The Rise of Startup Ecosystem of Indore

The Foody city is shining on with yet new ideas and startup ecosystem is gaining traction with Investors & Mentors showing interest in supporting the right talents.

Seed & Angel funding rounds is no more breaking news in this ecosystem as series A rounds have taken the charm. Many Indore based HNI’s are now very keen to Invest and lend helping hand to budding Entrepreneurs. Further, this year IPO of Indore based Diamond Wafers is lined up. Year 2016, witnessed more than 10 investments in Indore based startups.

The city is full of ideas & smart talent, only need is right mentorship. NEN’s efforts of selecting best mentors in Indore and training them with structured program on right approach to mentoring is filling up this gap.

Another example that shows growth in startup ecosystem is emergence of Coworking spaces in town. Indore now has more than 10 coworking spaces with capacity of more than 800 seats including Regus, Rethinkers, IT park incubation center, Adited, Dazzle, etc.

Business is in the blood of Indorians hence they are giving birth to cockroach startups that are just into profitable business models and penetrating markets gradually & globally. “Good days are atleast coming for Startups”