By Rudra Narayan Sahoo, New Delhi: The Vault, a nationwide hunt, in association with Times Group, to discover the next big idea, where aspiring entrepreneurs can pitch their business ideas to a panel of investors on television and persuade them to invest money in their ventures. The show is open to SMEs, the student community, household and rural ventures, and start-ups at an incubation stage where they can present business ideas before 5 investors and could succeed to raise an investment amount up to Rs 5 crore.
The Vault is a one of its kind TV reality show that aims at providing aspiring entrepreneurs with the funding they require for their entrepreneurial venture. Last date of submission of application for this TV reality show is 31 August 2016. The Vault has roped in renowned entrepreneurs Vivek Bhargava, Anupam Mittal & Rahul Singh as Investors. Both Vivek and Rahul will be amongst the main investors on The Vault, while Anupam will be associated with the show as a guest investor.
Vivek is a doyenne in the field of digital marketing and brand strategies with nearly two decades of experience, while Rahul is an entrepreneur who, in 2012, mortgaged his only house to fund his business vision of establishing an all-day beer-focussed dining destination. Anupam is the Founder & CEO of People Group, which owns several successful internet-based businesses such as cabs, Shaadi.com, Makaan.com, and mobile internet company Mauj Mobile. As an angel investor, he has also been associated with Ola Cabs and Interactive Avenues at the seed stage.
The show will curate and present 50 of the most innovative, disruptive and even outlandish business ideas to emerge from Indian households. The investors will draw upon their own entrepreneurial experiences to evaluate each pitch on aspects such as innovation, novelty, growth prospects and viability of the idea before deciding on whether they want to invest in it or not.
Commenting on the show, Jatin Goel, Creator, The Vault, said, “The Vault has been conceptualized as more than just another avenue of investment for aspiring entrepreneurs. It is meant to be a platform that will help develop a robust start-up ecosystem that fosters innovation and drives growth for promising business ideas irrespective of the sector they operate in.”
Vivek Bhargava, CEO, iProspect India, said, “With the world we live in rapidly going digital, it is no longer just about Digital Marketing. The digital medium is today playing the role of a catalyst and multiplier across every single facet of the economy. The entrepreneurial ecosystem in India needs a concept like The Vault, where entrepreneurs not only get access to instant funding, but also gain mentorship from established Indian entrepreneurs with a proven track record of success.”
“My own venture started off as a dream and I know first-hand the kind of hardships any entrepreneur can face. I applaud The Vault for demystifying the investment and mentoring process through its novel approach, and am firmly on board with its vision to nurture entrepreneurial successes from within the growing Indian middle class” said Rahul Singh, Founder & CEO, The Beer Cafe.
Anupam Mittal, Founder & CEO, People Group, agreed with his fellow investors on The Vault, adding, “Having been an entrepreneur myself, I have been actively involved in the country’s start-up landscape and have funded several promising ventures in my own personal capacity. The Vault, apart from its obvious infotainment value, is also a social responsibility aimed at nurturing entrepreneurship across the country by educating viewers about how businesses are often created from scratch with nothing but a vision to change things.”
Open to SMEs, the student community, household and rural ventures, and start-ups at an incubation stage, The Vault will offer a platform for entrepreneurs-in-the-making to pitch their business ideas in front of a panel of investors and secure on-the-spot funding. With a televised launch scheduled for October, the show will provide an insider’s perspective of how investment deals are cracked and what it takes to achieve entrepreneurial success across multiple verticals.
For more information and submission of applications to participate in TV reality show, interested candidates should visit the official portal of the Vault. https://thevaultshow.in/
