Brand news

The Vault Concludes A Successful First Season

16 Feb 2017

After a remarkable performance that offered a high dose of informative entertainment to its viewers, The Vault, a one-of-its-kind Indian reality TV show has concluded its extremely-successful first season. The season comprised 12 episodes and facilitated investments worth up to INR 11 crore. The investors’ panel – popularly known as the Vault Keepers – for the season included Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, Mohit Goel, CEO, Omaxe Group, Rahul Singh, Founder & CEO, The Beer Café, Ameera Shah, Managing Director & CEO, Metropolis Healthcare, Vivek Bhargava, CEO, iProspect, and Anupam Mittal, Founder & CEO, People Group.

Aired on ET Now and Times Now, the first season of The Vault featured 43 start-ups that catered to multiple industry verticals. Out of these, 16 start-ups were able to receive investment commitment totalling up to INR 11 crore at varying equity rates. The start-ups that received funding include Graviky, ChattarPatar, Medmonk, Boxershorts, Awesummly, Atulyakala, Foodebaba, Ambee, Corseco, Dharamvir, Fluid AI, OyeHelp, Save mom, Medimojo, Infeedo, and Brelo.

This season of The Vault also saw 6 start-ups, including Revol Wallet, Fuco, Rooter, StyleDotMe, FABbox, and WYO reject the funding offer made by the investors. Also, 5 start-ups received incubation from some of the leading start-up incubators in India through the platform. These included Authentic Cook, Khabri, Ubunanny, Collobe, and Nippanai. With its debut season, The Vault was not just able to garner an overwhelming response from the audience, but was also able to give an impetus to the entrepreneurial vision of several Indians, encouraging many others to dare to think and dream.

At the announcement, Jatin Goel, Creator, The Vault said, “Throughout the season, The Vault has left no stone unturned to highlight the best of business ideas sprouting from the entire nation, while also delivering quality entertainment to its viewers. It is delightful to see that this effort has not just converted into an overwhelming viewer reception, but has also contributed immensely to industry sentiment. Ending this season on a high note, we promise to return with more entertainment, thrill, and excitement in our next season.”

The first season of The Vault exemplified the rise of India as an entrepreneurial hub, and received a total of 10,520 entries from areas as far as Jammu & Kashmir, Manipur, and Andaman & Nicobar Islands. A majority of candidates were either graduates or postgraduates, whereas 20% of the entrepreneurs comprised college dropouts. The screening process witnessed a 21% female footfall, underlining the platform’s role in promoting female entrepreneurship within the country. The Vault received entries from 23 market verticals, including niche sectors such as Artificial Intelligence, drone manufacturing, education, and media entertainment. The maximum applications were received from start-ups operating in IOT, Fintech, SaaS, Food tech, and Travel industries.