Press Release

Global Tech. Analyst Sumant Parimal To Mentor 16 Indian Tech. Startups


Global Tech. Analyst and A.I. (Artificial Intelligence) thought leader Mr. Sumant Parimal has announced today on occasion of first National Startup Day of India that he shall be voluntarily mentoring 16 (Sixteen) Indian Tech. startups with an objective of enabling them for better success.

On Saturday Prime Minister of India declared 16th Jan. as National Startup Day while interacting with Indian startups. Sumant Parimal is Founder of research to advisory firm Innogress , having global analyst brand ‘5Jewels Research’.

While observing First National Startup Day on 16th Jan. 2022 Mr Sumant Parimal said “I welcome PM Modi’s decision to observe 16th Jan. as National Startup Day in India, this is a great recognition and honor for Indian Startups and Indian Entrepreneurs who took extraordinary risks and efforts in creating India a prominent hub of startups”.

“Globally startups failure rate is very high and one of the key reasons of failure is poor understanding of market & customer’s needs. Behind founding of our analyst brand ‘5Jewels Research’, our motto was to empower many startups & its founders globally through our focused market insights, so that chances of startups success get improved. On this maiden startup day of India, it’s time to take a pledge to better align our efforts with Indian startups with a specific goal of mentoring 16 Indian Tech. startups, in pursuit of higher success of these startups.  We further announce that up to 50% of our Mentee to be picked up from economically weaker states like Bihar, Jharkhand “ Mr Sumant Parimal adds further.   

Recently Mr Sumant Parimal has been invited in Global startup panel of ‘Procter & Gamble Ventures’ (PGV), which is an early stage startup studio within reputed Procter & Gamble , where he is guiding & mentoring many international startups of PGV’s accelerator progg. Sumant is an alum of reputed Indian B-School XLRI Jamshedpur.

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