eChai Startup Demo Day in Ahmedabad with GVFL

Happened on May 29, Thursday, 2025
6:30pm — 08:30pm (GMT+05:30)
GVFL
92 slots booked.
Meet the Speaker:
Top-rated questions will be asked live by the host during the event.
  • Do you remember a pitch that completely surprised you—either in a good or bad way? What made it unforgettable?
  • What’s a subtle red flag in founders that most investors miss, but you pay close attention to?
  • What trends are you watching in deep tech or infra startups that most early-stage founders are still missing?
  • What’s been your biggest lesson from a startup that didn’t work out despite initial promise?
  • Can you walk us through a time you said ‘no’ to a startup and later regretted it?
  • GVFL has been backing Indian startups for decades. What shift have you seen in the type of founders coming out of Gujarat specifically?
  • How do you view bridge rounds and SAFE notes today? Are they being overused or misunderstood in India?
  • You’ve also angel-invested outside of GVFL - how does your thinking change when it’s your personal money on the line?
  • When you see a very early startup with just an idea and deck — what are your three non-negotiables before saying yes?
  • With GVFL’s deep portfolio, how do you balance conviction in a founder versus market signals or data that might contradict your gut?
  • What’s a founder you angel-backed who’s doing something truly unexpected with your capital?
  • What’s one piece of fundraising advice you used to give, but don’t anymore?
  • How do you see the current fundraising environment in 2025 shaping founder behaviors—especially when it comes to valuations?
  • What’s the one thing you wish more founders understood about cap tables before coming into a meeting?
  • Has there been a founder you backed who completely changed your thinking about a market or business model?
  • What’s something about the Indian startup ecosystem that global investors still underestimate?
  • At what point does a startup’s traction start to override market-size concerns in your investment thesis?
  • If you had 2 minutes to coach your younger self just before your first investment pitch meeting, what would you say?
  • Have you ever had to deal with founder fallout in a funded company? How do you navigate the emotional and business sides of that?
  • When a founder is raising their first institutional round - what do most of them get wrong in how they approach VCs?
Agenda:

eChai Demo Days are held every month in Ahmedabad.


It is a platform for promising startups from the community to present their ventures, get early feedback and engage with investors, enablers & the community.

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The eChai Effect - In Their Words

“You don’t plan to build a company via eChai. You just keep showing up … and one day, you realize you did.” I’ve known Jatin since 2012, when I was still deciding what kind of second innings I wanted to play as an entrepreneur. Over the years, through events, chai breaks, intros, and seemingly small conversations, eChai helped shape not just Upsquare but also refined the lens through which we see collaboration. At Upsquare, we’ve hired talent, met partners, discovered co-investors, and built lifelong friendships. One of our joint ventures exists today only because a casual eChai memory sparked a deeper trust. Now, as we build House of Starts — our venture builder — eChai continues to fuel our mission: co-creating a shared future. eChai isn’t just a startup network. It’s a trust network. And for business builders like me, that makes all the difference."
Utpal Vaishnav - Founder @ Upsquare & House of Starts • Angel Investor + LP
Utpal Vaishnav
Founder @ Upsquare & House of Starts • Angel Investor + LP
“I have no hesitation in saying that my association with eChai has been a gateway into the startup ecosystem. Through this platform, I’ve had the opportunity to connect with many young and dynamic entrepreneurs. These interactions have been immensely enriching - I’ve learned a great deal and have always tried to offer guidance whenever approached. It’s a truly symbiotic relationship that I deeply value, and it wouldn’t have been possible without eChai.”
Syed Nadeem Jafri - Founder, Hearty Mart
Syed Nadeem Jafri
Founder, Hearty Mart
"After moving back from the USA, eChai became my go-to space to learn how the Indian startup ecosystem works. It offered direct exposure to startup thinking and a community that openly shares business insights. What stood out was how easy it was to connect, learn, and grow through real conversations. As we built our IT hardware rentals business, eChai helped us find our niche and refine our path. Proud and grateful to be part of this amazing community."
Heet Sheth - Growth and Tech, Sheth Info
Heet Sheth
Growth and Tech, Sheth Info

eChai Partner Brands

eChai Ventures partners with select brands as their growth partner - working together to explore new ideas, open doors, and build momentum across the startup ecosystem.