![Separator Separator](https://www.ceoinsightsindia.com/images/line.png)
It's Winter All-around
![Separator Separator](https://www.ceoinsightsindia.com/images/line.png)
![It's Winter All-around It's Winter All-around](https://www.ceoinsightsindia.com/uploaded_images/newstransfer/44r3s.sujith.jpg)
Sujith Vasudevan, Managing Editor, 0
Commenting on the occasion, Amit Nawka, Partner - Deals & India Startups Leader, PwC India, shared some warm words for startup entrepreneurs. He says, “A
funding winter is just a season in a startup's journey. There is a slow down in startup funding despite significant untapped capital reserves held by venture capitalists(VCs). Active VC firms in India have secured new funds in the past year, and we can expect the pace of investments to pick up in the next few months."
While startups navigate this dry season, Mumbai’s startup ecosystem has been at the receiving end of some good news as the State Bank of India (SBI) established another special branch at Mumbai’s Bandra Kurla Complex dedicated to startups. After Bengaluru, Chennai, and Gurugram, this is the fourth startup focused outpost and the first in Mumbai. SBI’s move is powered by several memoranda of understanding in place in Mumbai with the S.P. Jain Institute of Management & Research (SPJIMR), the Centre for Incubation and Business Acceleration (CIBA), and the Society for Innovation & Entrepreneurship (SINE) at IIT-Bombay. SBI chairman Dinesh Khara says, “The main goal of this branch is to provide end-to-end support to startups at every stage of their journey, starting from the formation of the entity to their IPOs and FPOs.”
We dedicate this issue to leaders from the financial capital of the country. Do let us know your thoughts.
While startups navigate this dry season, Mumbai’s startup ecosystem has been at the receiving end of some good news as the State Bank of India (SBI) established another special branch at Mumbai’s Bandra Kurla Complex dedicated to startups. After Bengaluru, Chennai, and Gurugram, this is the fourth startup focused outpost and the first in Mumbai. SBI’s move is powered by several memoranda of understanding in place in Mumbai with the S.P. Jain Institute of Management & Research (SPJIMR), the Centre for Incubation and Business Acceleration (CIBA), and the Society for Innovation & Entrepreneurship (SINE) at IIT-Bombay. SBI chairman Dinesh Khara says, “The main goal of this branch is to provide end-to-end support to startups at every stage of their journey, starting from the formation of the entity to their IPOs and FPOs.”
We dedicate this issue to leaders from the financial capital of the country. Do let us know your thoughts.