Ecosystem

Comet Competition looks to find India’s next unicorn startup company

Indian startups have been invited to compete at Ingram Micro Cloud’s Comet Competition. The competition provides startups the opportunity to accelerate their businesses and gives out more than $5 million in prizes throughout its duration.

In each of its 16 locations, including India, a finalist will be awarded $100,000 and the chance to advance to Miami for an opportunity to win $1 million. The deadline for Comet Competition is October 31st.

For startups and participants, the prize is just one part of the equation when it comes to the opportunity. According to Arun Buduri of Pixm, the company that won last year’s event, part of the real value comes in customer acquisition costs.

After Comet Competition, said the founder, Pixm’s expenses for bringing in new customers came down to “nearly zero.”

“Comet [Competition] was like nuclear fuel for our business,” he said.

In addition to Ingram Micro Cloud, Microsoft for Startups is a partner of Comet Competition this year.

“Teaming with Microsoft affords us amazing scale and resources,” said Nimesh Davé, executive vice president at Ingram Micro Cloud.

Startups with less than $10 million in revenue and specializing in fintech, cybersecurity, IoT, and infrastructure management are in particular encouraged to apply.

Said Michael Kenney, head of strategy and business development at Ingram Micro Cloud, “It’s especially exciting to advise global startups at the beginning of their journeys and watch them achieve significant business milestones faster and more broadly than they ever anticipated.”

Team TechPanda

Recent Posts

DDos damage: Geopolitical events triggered unprecedented DDoS attacks, AI

Distributed Denial-of-Service (DDoS) attacks are no longer just a nuisance of the digital underground, they’ve…

2 days ago

Inception-style hack: How VR could be the next frontier for cyber attacks

Virtual Reality (VR) promises immersion, but what if that immersion turns against you? A new…

2 days ago

Outbound & inbound: Indian tie ups with Singapore, Indonesia, & Australia while Philippines meets Indian business group

The Tech Panda takes a look at how Indian companies are partnering with foreign businesses…

4 days ago

Investment temperament: NFO for 5 index funds, health funds for Early to Late-Stage Capital & to transform India’s healthcare landscape

The Tech Panda takes a look at the investment temperament in the Indian startup ecosystem.…

5 days ago

Tweets, tips & trading: X doubles down on payments power play

Big Tech is no longer content with just running user feeds, they want wallets too.…

5 days ago

PayPal World: Swipe right on global shopping

Indian shoppers could be shopping internationally using their UPI accounts sitting at home, thanks to…

1 week ago