ICAI aims to facilitate $200 million funding through startup event in June this year

The apex body of chartered accountants ICAI on Thursday said it aims to facilitate funds worth over $200 million to startups through an event scheduled to be held in Bengaluru from June 27 to 29.

As per the release, the second edition of the Startup Sphere will be organized and more than 10,000 people from the startup ecosystem are expected to participate in the event.


The Institute of Chartered Accountant of India shared that the first edition of the event last year saw an estimated $100 million commitment being made from 60 pitches presented to the pool of 75 investors.

“The Startup Sphere 2024 is scheduled from 27th to 29th June 2024. We are expecting to arrange more than USD 200 million in funding this year. More than 10,000 people are expected to participate in this three-day event that aims to connect entrepreneurs and investors, wherein startups can share their ideas and get investments,” ICAI President Ranjeet Kumar Agarwal said.

Department for Promotion of Industry and Internal Trade (DPIIT), Software Technology Parks of India (STPI), Ministry of Electronics and Information Technology (MeitY), and Karnataka Innovation and Technology Society (KITS) will be supporting the event.