Ride an Uber & pitch your biz idea in 7 minutes to an investor
Cab aggregation service provider Uber on Thursday launched UberPitch in India, an initiative which will connect investors with entrepreneurs during an Uber ride. The start-ups can register themselves on Uber’s website. The shortlisted entrepreneurs will get to pitch their business ideas to investors and venture capitalists, during a specially organised Uber ride.
Entrepreneurs will get seven minutes to pitch their ideas during the ride and another seven minutes of feedback. Uber ran a similar campaign last year across India where Blume Ventures, Nexus Partners, Kae Capital and Orios Venture Partners took part. Uber, however, did not disclose the names of the investors who will be participating in the startup pitch rides this year. This initiative comes at a time when the venture capital funding scenario has declined massively in the country.
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