And the “Wharton India Startup Award” goes to Ketto
Mumbai, India | Red Newswire | Jan 6, 2015 Last Updated at 1:40 PM IST.
The crowdfunding platform Ketto has bagged the Wharton India Startup title and has received $30K prize money plus a 150 hours legal advice from Khaitan and Co.
The competition was held in Mumbai yesterday. With this winning, Ketto also gets to participate in the annual conference which will be held in Philadelphia in this coming March.
Kunal Kapoor, Zaheer Adenwala and Varun Sheth founded Ketto in 2012 and is on the road to becoming the continent’s largest crowdfunding platform for personal, creative and social projects. It also helps non-profit organizations to raise money for listed causes.
Pradyumna Dalmia of Calcutta Angels and Sudhir Rao of Chennai Angels invested around $700K in the startup in July, 2015.
The Wharton India Economic Forum (WIEF) hosted its annual conference for the first in the country to mark its 20th anniversary. Venkat Badinehal, student of Wharton School MBA started WIEF 20 years ago with a vision to connect western world to startup potential in India.
From 750 applications, 10 were shortlisted. Apart from Ketto, an agri-tech startup Kheyti bagged the People Choice Award and $5Kprize money. The Powerhouse award was won by Trebene with a $15k prize money. Another startup Pratilipiwon $25k Powerhouse award.
The judge panel had Kirthiga Reddy (Managing Director, Facebook India), Sasha Mirchandani (Founder, KAE Capital), Ravi Gururaj of NASSCOM, Pravan Malhotra (Venture capital investor, IFC), Sandeep Murthy (partner, Lightbox Ventures), Sri Peddu (founder, Powerhouse Ventures) and Rajan Mehra (co-founder, Nirvana Venture Advisors).