Vivek Bindra announces program for 100 selected startups to help them become IPO-ready

For the last few years, the government has been promoting business startups across the country under the Startup India campaign. Since the launch of the 'Startup India' program by the government in 2016, the number of startups in India has risen from just 400 in 2014 to about 1.14 lakh.

To help startups scale up and raise money from the stock markets, motivational speaker Vivek Bindra has announced a special program to assist startups in growing and achieving IPO listings. On the eve of the government's Startup program, Bindra announced that 100 MSME companies will be selected for the program and will receive guidance and support to reach the IPO level.

"No company needs crores of revenue or investment to become an IPO; a small-budget MSME company can also achieve an IPO. Every startup dreams of scaling up and getting listed in the stock market, but it is challenging due to a lack of guidance. The second problem is that companies often lack the right information and resources to launch an IPO. Because of these two problems, startups struggle to complete the journey towards successful IPOs," Bindra said at the program's launch.


Under this program, Bindra stated that 100 companies will be provided with all kinds of support related to funding, technology, and marketing for 30 months. A 30-month roadmap will be prepared for the companies to make them IPO-ready, he added.

The announcement comes amid praise of government's efforts for startups by several founders like Deepinder Goyal and Varun Alagh. Zomato's founder and CEO, praised the government's startup program and highlighted the challenges faced by startups from small towns. He shared his story about how his father reacted to his decision to launch a startup. "I started Zomato 16 years ago in 2008, and my dad at that time told me, 'Jaanta hai tera baap kaun hai?'," Goyal recounted.

He explained that the inference was it was extremely difficult for people in small towns to start and grow enterprises.

"His point was that you can't run a startup. I am from a small town in Punjab. That is our background, but I believe a lot has changed in the past 16 years," said an executive from one of India's top food aggregators.

"Especially over the last 7-8 years, the government has really gotten out of the way, and I am very grateful for that. I hope this support continues going forward," he said.

Union Minister Hardeep Singh Puri released the video as proof that tech founders support Narendra Modi's government.