A Perfect Platform

For Both Startups and Angels

A Bombay Industries Association Initiative

About StartoBIA

StartoBIA is an initiative of Bombay Industries Association, more popularly known as BIA. BIA is one of the oldest and prestigious business associations in India. With more than 1200 businesses members, BIA have won awards and accolades for its exemplary services to business and trade in India. Keeping with the times and having goal to support innovations in India, BIA launched program, StartoBIA. StartoBIA is bridge between business owners and young startups who are looking for handholding in terms of funds, experience and industry connects. Though the most of the members of BIA are also angel investors, StartoBIA welcomes non-BIA investors to be part of StartoBIA journey.

For STARTUPS

wanting to raise funds

For Angels

wanting to invest in StartoBIA curated startups

StartoBIA Objective

Our Values

We believe Growth is natural element built into everyone. You don’t teach a tree how to grow. Trees grow naturally when it receives right amount of sunshine, fertile soil, water, manure etc. Similarly, we aim to provide beneficial resources to startups that are bound to grow.

Our Mission

Our mission is to support innovative ideas that not only propels the nation to future but contributes to nation’s economy, generate employment and create wealth for stakeholders.

Our Vision

Our vision is to be leading player in startup ecosystem by offering Money, Mentors and Meaningful Connections - The essential 3Ms for startups to flourish.

Investment Philosophy

  • We invest in early stage startups. Startups that have established successful Proof of Concept or having working prototype is of our interest
  • However, we are open to talk to founders having idea and need resource to transform the idea into a business venture
  • We are sector agnostic and welcome startups from all fields
  • Startups dealing in non-vegetarian products and alcohol related businesses are NO for us
  • We welcome all startup founders, irrespective of age, gender and place
  • We do not look for fancy degrees. Founder’s passion, commitment and capabilities matter to us most
  • We don’t just invest money. We bring our experience and connects to help you grow

Future is brighter when you're strategically more prepared

Process Flow

Application

Start can apply via our website or fill up the Google form. https://bit.ly/BIA_FundRaising

Assessment

On receiving the application, our committee, comprising of business owners, professionals and domain experts give their independent assessment. Startups getting favourable assessment will have to submit 5 years financial projections. We may call you for 1-2-1 chat

Pitch

Selected startups are invited to pitch their venture in front of angel investors

Due Diligence

Once we receive fabourable feedback from investors, we will conduct due diligence along with you

Documentation & Funding

This is the last step. Our team will draw our the documents (term sheet, SHA etc). The funds are transferred on completing all statutory documentation