Drona pay emerges victorious with Vouch and NuCash as runners-up at the SPJIMR FinNovate Accelerator Demo Day

October 18, 2023

The S. P. Jain Institute of Management & Research (SPJIMR) hosted the FinNovate Accelerator Demo Day, a culmination of unparalleled innovation, mentorship, and collaboration within the fintech industry. The event, held at the SPJIMR campus in Andheri West, marked the successful conclusion of an impactful programme.

The highlight of the evening was the announcement of the winners. Drona Pay secured first place, impressing the esteemed jury with their compelling pitch. Vouch and NuCash emerged as the first and second runners-up, respectively.

Prof. Varun Nagaraj, Dean of SPJIMR Mumbai, said, “The FinNovate Accelerator Demo Day showcases the remarkable growth and potential of fintech startups and reflects SPJIMR’s commitment to fostering innovation in the financial sector.”

The distinguished jury comprised Angel Investors, Family Offices & High Net Worth Individuals (HNIs), Corporate Investors, and Venture Capitalists, including industry leaders such as Blume Ventures, Chiratae Ventures, Pentathlon Ventures, Prime Venture Partners, Aavishkar Ventures, SIDBI Ventures, Citi Group, YES Bank, and ICICI Bank.

Manoj Mohan Vengassery, Head of FinNovate and Executive Director of the erstwhile Centre for Financial Innovation (CFI), SPJIMR, added, “The FinNovate Accelerator Exclusive Demo Day is a testament to the potential unlocked when visionary startups, experienced mentors, and influential investors come together. It embodies the spirit of innovation and promises a brighter, more innovative future in the fintech landscape.”

The event also featured the Mumbai Roadshow, hosted by the Sunil Bhatia Startup Resource Hub. It included panel discussions with renowned industry experts and a masterclass designed to elevate fintech understanding to unprecedented levels. The occasion provided an excellent opportunity for networking, learning, and enhancing one’s presence in the fintech community.

S. P. Jain Institute of Management and Research (SPJIMR) is a constituent of Bharatiya Vidya Bhavan (BVB), India’s acclaimed and oldest educational trust. With its unique and distinctive approach to management education, SPJIMR aims to influence managerial practice and advance wise innovation through its teaching, research, and community engagement. For media inquiries, please contact mediarelations@spjimr.org

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