Bengaluru: In the latest episode of The Vault, a Ghaziabad-based AI solutions company Corseco managed to secure investment worth Rs.1 crore. Corseco which is an early startup founded in 2016, has attract the interests of investors Ameera Shah, Managing Director & CEO – Metropolis Healthcare Limited, and Vivek Bhargava, CEO – iProspect India. This investment is made for the stake of eight percent equity in Corseco. Company had already raised undisclosed amount of seed funding in July this year, but this fresh investment will boost up the technology resources of Corseco which is working to improve the human vision system by their understanding in Neural Networks and Deep Learning methodologies.
An investment coming in just 30 minutes is like dream coming true for entrepreneurs. The Vault is one-of-its-kind investment platform cum reality TV show where entrepreneurs have opportunity to pitch their ideas to a panel of investors and possibly getting on spot funding.
“With several innovative startups having secured investments and visibility through The Vault, we are naturally excited at the disruption the show has been able to create in the investment landscape. What is more encouraging is the fact that several start-ups that have successfully managed to elicit offers from the investors have come from cities which are not typically associated with entrepreneurship. This underlines the kind of difference The Vault has been making to the business dreams of our country’s emerging entrepreneurs,” says Jatin Goel, Creator, The Vault.
Other startup companies who were listed at this episode of The Vault were, Fuco, a Dehradun-based, pet breeding & matchmaking platform, received funding offers from Rahul Singh, Founder & CEO, The Beer Cafe, Sudip Bandopadhyay, Chairman – Inditrade Capital, and Mohit Goel, CEO – Omaxe Limited, but Fuco chose not to opt for them. Third startup, Sloshout, failed to attract any investors.