Know how Chatur Ideas is a huge support for all other startups
12th, October 2017 - Startup community
Chatur Ideas, which goes by its name, is a startup for supporting people with intelligent ideas for a startup. This platform is the brain child of Mr.Devesh Chawla who firmly believes that entrepreneurs are either people with money or with ideas.
Few years before the birth of Chatur Ideas, he was keen on starting a taxi based service. As they say, the road to hell is paved with good intentions; this plan never took off, partly because he was told that this was not feasible and being a newbie in the business game, he had to follow the advice. To his surprise, Ola which resembles his plan came out with flying colors.
Nevertheless, there was no stopping him or his brilliance. He identified that there exists an ambiguity in this whole entrepreneurial system. Just the vegetables alone won’t make a dish tasty, there needs to be all the right ingredients, similarly the startups, although have an extraordinary idea don’t know how to hit the nail on the head. This is what made Mr.Devesh start Chatur Ideas in the year 2015, which is a single stop shop for all the startups. To help the startups, he has formed strong connections with angel investors, High Net worth Individuals (HNI’s) and VC’s who are ready to provide funds for the startups and are 1500 in number. Their investors are influential people like Dheeraj Batra(CEO of Dlabs at ISB), Ajeet Khurana who was the former CEO of IIT Bombay’s SINE to name a few.
Chatur Ideas caters three different groups mainly which include Entrepreneurs, Investors, and Mentors. It extends its service to everyone with a scalable idea and a prospective market growth. They closely work with the startups and take them in the direction of success. Their broad category of services cover fundraising, mentoring, outsourced innovation, digital marketing, and planning entrepreneurship programs for entrepreneurs as well as startups as an income source.
They have more than 650 startups in their territory which are being supported in all the possible ways. The sectors that they focus are multitudinous. They are so driven that even their logo is designed in a way where the letter ‘C’ grows in size indicating the growth of the entrepreneurs. It also symbolizes optimism and warmth.
How is it done?
An investment committee of five members namely Mr.Miten Mehta (Co-founder and CIO- Spinta Global accelerator),Mr.Umasankar Nistala (MD- Global Technology : JPMorgan), Mr.Devesh Chawla, Mr.Amit Patel (MD and CEO- Principal at Pitch Right Ventures), Mr. Subhranghsu Neogi (Director, Head : Group Marketing & Brand-Religare) will carefully go through the presentation and come to a conclusion as to which startup has got what it takes to be the best.
As someone once said “you only understand once you go through it.” Mr.Devesh supports a budding entrepreneur of 18 years to an investor of 60 years, as he knows how the journey of struggles will be. He has been conferred the Mahatma Gandhi Samman Award which is awarded to just 25 Indians on a global scale for the effort that he has put in taking forward the industries ,at Delhi from Dr.Meira Kumar, the former Lok Sabha speaker.
They have partnered with 600 colleges with ambassadors in each one of them. Few of the institutes underway are IIT Gawahati, IIT Mumbai, Jamnalal Bajaj, and ISB. Chatur Ideas has got its recognition from BRICS International Forum and Ministry of Small and Medium Enterprise of the Government of India.
As an icing on the cake, they have sealed the deal and acquired Nurture Talent Academy, a leading institute which has trained 34000+ entrepreneurs. This has taken Chatur Ideas ahead in their race of becoming India’s topmost entrepreneurship training company.
Catapooolt, Market pulse, Hubilo, Strike come under the few startups that they have raised funds for. A tie-up with the Government of Ontario is made to enhance the entrepreneurship in both the countries. To uplift women in this field an association is formed with pizza hut. Recently there was a Minute to learn it campaign where mentors would enlighten people with the startup related words through a one minute video. This was a part and parcel of “Be a Chatur” contest where business plans are evaluated and even can raise funds worth a crore.
In his words, Mr.Devesh says “A startup should have an unfair advantage which sets it apart from its contemporaries .For instance, Uber had the advantage of advanced technology that kept them going in the business.”
If you have a worthy plan, whether you are a startup from college or a fully functioning startup, Chatur Ideas is there for you.
Plans for the future:
In the coming five years, they intend to create 250 successful business ventures.
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I am S.N. VIKRAM SIMHA.I am a B.tech final year student from REVA University Bangalore. I am a Blogger.I write content, quotes, short stories.I love to do something in the field of English.SO, I love to write content.