We often hear VCs saying location doesn't matter for startups. But if that's true, why don't we see more VC firms based in states like Madhya Pradesh?

How many venture capital firms can you name in Bihar, Chhattisgarh, or Jharkhand?

The numbers are disappointingly low and this disparity creates a significant disconnect.

While we preach that great ideas can come from anywhere, the capital and networks essential to nurture these ideas remain overwhelmingly concentrated in a few metro cities.

But things are changing and I recently witnessed this firsthand at an exceptional event in Gwalior organized by Fluid Ventures.

It brought together some of the most innovative thinkers and leaders in India's startup community, all under one roof.

The event was not just another startup gathering. It’s a reminder that innovation isn't limited to big cities. It's happening right here in smaller towns as well.

Experiencing this in my hometown hits me very differently.

It's one thing to read about change, but to experience it is entirely different. And  I'm grateful I could contribute as a speaker, host, founder, and even gifting partner through Amrutam .

A huge thanks to the support and encouragement of Shmt. Priyadarshini Raje Scindia at the Gwalior Palace. It wouldn’t have come to life without your vision to make Gwalior grow and prosper.

A special thank you to Amit Singal and Rakhee Singal for spearheading this initiative in our city. For thinking about start-up ecosystems and building them in Tier 2 cities. 

Let’s continue to work towards a more inclusive startup ecosystem across all of India.

The eChai Effect - In Their Words

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Mehul Shah - Co-Founder at Counselvise & Ivy Growth
Mehul Shah
Co-Founder at Counselvise & Ivy Growth
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Hardik Manwani - CTO, Mind Alcove
Hardik Manwani
CTO, Mind Alcove
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Bhavin S Bhagat - Co-founder of Indiabizforsale and IBGrid, TiE Ahmedabad President
Bhavin S Bhagat
Co-founder of Indiabizforsale and IBGrid, TiE Ahmedabad President

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