Applyifi, a Gurgaon-based platform that guides startups in creating a comprehensive pitch deck, has launched The Fundraising Assistance Program (FRA). The program will give companies tools they need to make a compelling pitch to investors, in just three one-on-one sessions.
The startups can practice their pitch with real and experienced investors and get actionable feedback in real time. Applyifi will take the lead in making active connections to investors during the engagement.
According to Prajakt Raut, Co-Founder and CEO at Applyifi, “We believe there is no substitution for hands-on, personalized guidance that is tailored to each entrepreneur’s case. Our team of experts works closely with high-potential startups to not only help them better prepare to get funding, but also to give them specific advice about how to improve their business plan”.
Applyifi has also launched The Virtual Accelerator Program (VAP). This program is specifically designed for companies that need hands on guidance and mentorship before being even ready to make a compelling case to investors. Three startups – Vehico, Survaider, and College Clues will be a part of the first batch of companies to join this program.
Launched in April 2015, the portal aim is to nurture and mentor early stage ventures and to bridge the gap between entrepreneurs and potential investors. So far, the team at Applyifi has already been generating a 36-point scorecard and assessment reports of startups. The scorecard categorically helps entrepreneurs understand their strengths and weaknesses, and provides them actionable inputs to sharpen their plans.
In the near future, Prajakt looks forward at creating an umbrella of services for startups in and in all the major cities of Asia.
This article was originally published in Inc42. Read it here.