NRL & OIL organize first Start-up Investors' Summit 2022 in Guwahati

GUWAHATI: NRL and OIL organized the first Start-up Investors' Summit 2022 on Friday at Guwahati. The objective of the meet was to attract investors for start-ups from the North-East supported by NRL's start-up initiative, iDEATION and OIL's startup programme, SNEH.

The summit was inaugurated by Joint Secretary (Refineries & Exploration), Ministry of Petroleum and Natural Gas ( MoPNG), Sunil Kumar who presided over as chief guest of the inaugural function which was also graced by MD NRL, Bhaskar Jyoti Phukan; Director (Finance), NRL Indranil Mittra; Director (Operations), OIL, Pankaj Kumar Goswami; CMDNEDFi, PVSLN Murty and many senior executives from Oil and Gas PSUs, government officials, venture capitalists, incubators, accelerators, angel investors, start-ups, entrepreneurs, industrialists and professionals.

The summit commenced with felicitation of and addressing of the august gathering by the invited dignitaries, followed by the launch of NRL iDEATION Angel Fund with a corpus of Rs. 35 Crore for equity investment in start-ups. Thereafter, the event also saw top 25 start-ups from Northeast and other parts of the country (mainly supported by Oil and Gas PSUs) participating in a Start-up Elevator Pitch session, leading to an engaging panel discussion by the esteemed panellists.

Few of the angel investors from Silicon Valley, notably Shymantak Gautam, Ruban Phukan and Amitav Chakravartty, who also happen to be successful entrepreneurs themselves, also participated and shared their experience of the start-up ecosystem in the bay area with the enthralled audience.

The highlight of the event was the keynote speech delivered by Sankar Bora, Co-Founder of Dealshare and ex co-founder of Myntra, and the presence of eminent corporate stalwarts RanjuK. Mohan, Girish Naik and Rahul Saikia. Further, renowned VC Firms from Mumbai – Lead Angels, 100x.vc and Unicorn India Ventures; and Ankur Capital from Bangalore rendered the event impactful. The meet was organised in a hybrid mode, with Director (R&D), IOCL, Dr. S.S.V. Ramakumar addressing the gathering in the online mode, followed by a warm networking session, stated a press release.

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