New Delhi: Wednesday August 25, 2021: MeitY Startup Hub (MSH), an initiative of the Ministry of Electronics & IT (MeitY), focussed on building a deep tech ecosystem across India, has entered into a partnership with MergerDomo, a fundraising and start-up advisory platform. The said collaboration shall support the start-ups on various aspects such as investor engagement, corporate connects, pitch evaluation and presentation to potential investors, and strategic planning.
MergerDomo is technology platform Indian company that provides a global online marketplace connecting startups with investors (angels, high net worth individuals, venture capitalists, private equity firms, and family offices), investment bankers, and consultants in sectoral strategy, operations, marketing, turnaround management, and digitisation, among others.
Hormazd Charna, Founder & CEO of MergerDomo, expressed his delight at the MSH-MergerDomo partnership and said, “We aim to provide an integrated solution suite that benefits the entire start-up ecosystem: investors, start-ups, investment bankers, and advisors. This tie-up is in line with our mission to help budding ventures achieve their growth ambition by catering to their business requirements.”
Hoping for a fruitful collaboration, CEO, MSH, Jitendra Vijayvargiya, said, “The tie-up between MSH and MergerDomo is an attempt to further strengthen the start-up investment ecosystem in India by engaging with emerging and innovative funding platforms that can provide access to private sector capital, along with astute strategic and operational advisory, to enable the effective implementation of fundraising strategies.”
Launched in 2020, MergerDomo is a tech-based, online Investment Banking (deal sourcing & consulting) platform for start-ups, corporations, investors, investment bankers and financial/non-financial consultants. The company has 1,000+ members on its platform and aims to catalyse the growth of the start-up & SME ecosystems through a suite of solutions in fundraising, consulting, M&As, joint ventures, and technology sourcing and consulting there off .
As of June 2021, MergerDomo has helped 6 startups raise funds through their network of Angels, HNIs & family offices.
MergerDomo engages Startups & SMEs with investors (angels, high net worth individuals, venture capitalists, private equity firms and family offices), investment bankers, and consultants (in sectoral strategy, operations, marketing, turnaround management and digitisation, amongst others). The company is actively developing the start-up ecosystem through partnerships with incubators and accelerators.
The current member base comprises 390+ start-ups, 90+ SMEs and corporations, 220+ investors, 200+ investment bankers and 100+ consultants covering 52 start-up sectors. The MergerDomo team is backed by experts in various domains like automotive, pharma, ESDM, Retail and FMCG.
Gaurav K Punjabi
VP, Mergerdomo Services Private Limited