GANGTOK, : Under the Sikkim INSPIRES programme, a delegation of founders from
five startups of the State led by the Commerce & Industries department officers
participated at the LetsIgnite 2025 event at Bengaluru as the official State
Partner.
The
10th edition of the event organized by LetsVenture, is India’s premium curated
conclave for startup investors that brings together Angel Investors, VC funds,
HNIs, family offices, operators and successful entrepreneurs from India and
beyond, a press release on Friday informs.
Till
date, LetsVenture has facilitated over $140M in funding for 650+ startups,
building a portfolio valued at an impressive $11.5B+ through a global network
of 20,000+ investors from 60 countries. They have invested over Rs. 1100 Cr
through SEBI registered Angel AIF for 900+ startup deals holding 33% of the
total market share in the county.
Five
startups fromSikkim include OurGuest, Crafted Fibres, Spaced Revision, Katana
Movement Studio and O2. They had a dedicated stall space to showcase their
products and services and also met over 85 investors through speed dating
sessions and networking events. Three of the startups namely Spaced Revision,
Katana Movement Studio and O2 have women as founders and co-founders from
Sikkim, the release mentions.
Setting
up of a Startup ecosystem in the state is one of the priority areas of Commerce
& Industries department under the Sikkim INSPIRES Programme. An innovation
hub as well as incubation/acceleration centres are being set up and the State
will soon also be rolling out the Sikkim Startup Policy which will be providing
various support and incentives to the registered startups of the State.
This
is the first time that a delegation of startups from Sikkim have participated
in a global event of this scale and the objective of the department is to
facilitate potential funding, mentorship and networking which are the primary
requirements of any startup, the release mentions.
