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Uber to link Indian startups with Global investors

The famous Taxi-hailing company, Uber, announced its partnership with Invest India called ‘uberEXCHANGE’.

This comes a day after the government came out with the top names of the startup world who are coming for the launch of the startup policy ‘Startup India’ on 16th January.

Reportedly, Uber will host a series of six leadership talks by senior Uber executives in upcoming years, including from their headquarters in San Francisco.

The new start-up mentorship program will address various important entrepreneurs issues like fund-raising, product design, business scaling and engineering.

Moreover, the top 10 start-ups will travel to San Francisco, where they will be introduced to global investors, fellow entrepreneurs and the Uber team.

Eventually, It will also support PM Modi’s vision to make India a global start-up hub.

Uber app
Uber app

Uber’s co-founder and CEO, Travis Kalanick, is expected to give the inaugural speech at the Startup India Initiative on January 16.

“Today, more and more people aspire to be entrepreneurs and build something themselves.

“That’s why Prime Minister Narendra Modi’s start-up India initiative is so important, and that is why we’re excited to share our experience with hundreds of start-ups and entrepreneurs as they begin their journey,”

Amitabh Kanttol (Secretary, DIPP) told sources:

“This unique mentorship programme will be immensely valuable to Indian entrepreneurs and I am excited about the exchange of knowledge and ideas between the start-up culture in India and the Silicon Valley,”

“This is just one step towards stronger ties with the international start-up community, and the possibilities are unlimited,”

The event will see top-level official participation led by Prime Minister Narendra Modi and Soft-Bank founder Masayoshi Son along with other prominent names from the world of startups.

PM Modi last year gave a clarion call of ‘Start Up India, Stand Up India’, and the government has since tried to boost startup companies.

Uber is reported to be 48th most powerful company in America and is available in 58 countries and 300 cities worldwide.

The company develops, markets and operates the Uber mobile app, which allows consumers with smartphones to submit a trip request which is then routed to Uber drivers who use their own cars.

Source : Business Standard