World Startup Convention: The India start-up gala that exploded into a scandal

[JackSeal]

In March, hundreds of budding entrepreneurs descended on Noida, a suburb of India's capital Delhi, to attend a three-day convention that had dubbed itself the "world's biggest funding festival".
Eager start-up founders looked forward to rubbing shoulders with business leaders at the World Startup Convention (WSC), hoping that their 15-minute pitches would transpire into funding.
In 2021 and much of 2022, India's start-up ecosystem was flush with funds as companies raised record amounts, birthing unicorns and making overnight millionaires of several entrepreneurs. But global headwinds had made investors more cautious, drying up liquidity.
That's why expectations were high from the WSC. But within hours of the event kickstarting on 24 March, things plunged into chaos. Many participants and some sponsors have alleged that they were lured with false promises and cheated; the organisers deny this, accusing some of the entrepreneurs of disrupting the convention.

https://thelogicalindian.com/amp/trending/world-startup-convention-organisers-booked-for-fraud-40668

[JackSeal]

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[JackSeal]

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