Somani's Offline Secures $2 Million to Build a Community for Leading Indian Startup Founders

Utsav Somani, WHO help List of angels launch In India And supervised It is local operations For five years, East gear up has find more manners has help founders. On Wednesday, THE entrepreneur said he had raised $2 million For her new adventure, called Offline, that will aim has bring THE high Indian to start up founders together And form A community SO that they can improve skills And discuss THE problems difficult their growth.

Paid communities to have has been omnipresent For big business the owners, And multi-geography organizations such as Young presidents Organization (YPO) And Entrepreneurs Organization (OE) to have existed In India For traditional companies For a few time. These platforms provide networking opportunities For entrepreneurs has connect with peers WHO share similar interests And goals. However, to start up founders In India do not have necessarily had A similar community has turn has until now.

somani said In A interview that he identified that there was A need For A specialized networking platform while functioning with on 150 startups as A investor. In July, he LEFT her high role has List of angels India And Next based Offline.

"On THE last seven eight years, THE Indian ecosystem has taken A huge, huge leap In This stratosphere," he said. "We have attracted SO a lot capital, but are We become better founders ourselves… everyone begin talk about staff therapy, but East there A path For We has think about professional therapy? »

Offline works as A exclusive, paid community Or members are required has pay A annual costs of about $6,000 (500,000 Indian rupees) And A once costs of $600. HAS even apply, founders must to have either raised $5 million, Or generated $5 million In income, Or reached A $10 million exit In THE past.

Again, fulfilling these preconditions doesn't guarantee A seat has THE painting. Candidates undergo A rigorous interview by THE Offline team And THE final selections are SO present has A Membership Advisory Committee. This strict screening process East aiming has maintain A community including only THE cream of there cream of to start up founders.

"We are not look has ladder up has 1,000 members In A year," somani said. "What were look East For A couple of 100 members In THE First of all couple of years. »

On successful membership, people are band In “pods” with 6-8 peers. They earn THE privilege has participate In meticulously organized monthly meetings double " unofficially ". During these sessions, A qualified executive coach provides knowledge And solutions on miscellaneous problems. Each meeting East guide by A game book, which draw inspiration Since THE methodologies of Georgia Service Since THE Mochary Method.

Members can attend unique social events And connect immediately For advice. They can Also network with peers Since different chapters online Or has annual retirements. Each Offline member must sign A strict confidentiality agreement, ensure confidentiality during interactions. With A aim has include only THE high ten% of India technology founders, THE platform mandates A minimum 80% presence rate.

Capital risk funds as Culminate XV The partners (previously Sequoia Capital India & SEA) host events has help to start up founders In skill reinforcement And networking with seasoned founders. However, these events tender has be aiming has their own wallet startups.

"We are not judge You base on WHO You increase capital Since And What investor You to have on your cap painting… We are A very neutral platform," said Somani.

A number of executives And founders, including those with To grow, Razorpay, Polygon, CoinDCX, UltraHuman, Park+, M2P, Fashinza, Xiaomi to have supported Offline In It is young lady funding. Better Capital, DeVC, Huddle, And River walk Businesses Also invested.

somani said a few of Offline investors can become early clients And help promote THE platform In their own networks.

While Offline East A unique move For Indian to start up founders, THE WE. Already has a few of It is competitors including Hampton by Sat Parr And women focused on leaders Chief, which East estimated has on $1 billion.

"It is A very big business if You get A concentrate community In A world Or There is Also a lot noise," somani said.

He note that while India East THE First of all And first of all walk For Offline, he has Singapore And Dubai on It is cards. THE application window For Offline membership will open departure today.