Kolhapur, situated in the Southern-most part of Maharashtra, is one of the most prosperous towns in the state blessed with beautiful scenery & rich heritage along with rapid industrial growth & modernization. This town has a large network of high net worth groups who have traditionally been exposed to conventional investment avenues. In order to encourage this investor community to look at growth startups as an investment opportunity, CBA held an investor awareness session in the township of Kolhapur on the 13th February 2016.
The event was attended by 20+ aspiring angel investors from the HNI & Business groups of Kolhapur, Ichalkaranji & other adjoining towns. The Agenda for the evening was to brief investors on the dynamics of investing in startups & the spread awareness about the various parameters that govern the space. At the same time, the session also focused CBA's experience in investing in early & growth stage businesses as well as the supporting eco-system that Scaale has built over the years, globally, on the back of its strong supporting international network.
The CBA Team advised on the curation process that needs to be followed while choosingstartups for making investments & the key to invest in the ventures (businesses) at the right stage. The audience also deliberated on the various different structures available for making domestic and international investments.
The CBA team also briefed on the legal & tax aspects of startup investing & the initiatives that the government is undertaking to encourage investing in domestic & international startups.The team spoke of co-investments as the preferred route to embark on investing in this space & shared the importance of co-creating value along with the entrepreneur by infusing smart capital in the company.
Sunil Bargale, an investor based in Kolhapur, who had organised the session, shared "It seems this novel concept is lucrative if you have access to capital, good judgement capabilities, invest responsibly and not to be ignorant and impulsive"
The session brought out the finding that is a growing appetite among the Tier 2 & Tier 3 towns in India, where the standard of living is increasing at a fast pace & therefore, with appropriate handholding, there is an opportunity to invest this surplus to participate in country's burgeoning venture ecosystem.