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Tag: 9Unicorns

In the ever-evolving landscape of startups, accelerator programs stand as the driving force propelling visionary ideas toward resounding triumph. These programs are not just a source of financial backing, but also serve as invaluable wellsprings of mentorship, connectivity to influential networks, and essential resources, all critical for startups to flourish and navigate the complexities of the industry. As we gaze into the horizon of 2024, this list spotlights four accelerators that have consistently left indelible marks on the journey of countless startups, providing a catalyst for growth and innovation. These accelerators not only offer funding but also serve as conduits to a wealth of knowledge, strategic guidance, and influential connections, making them key players in shaping the future success stories of the tech startup ecosystem. Below are the top 4 accelerators fueling tech-based startup success: India Accelerator India Accelerator, awarded the Best Accelerator of the country in 2021 by Startup India and first GAN partnered accelerator in India, provides a dynamic and highly supportive ecosystem for entrepreneurs. Backed with a couple of SEBI AIF, IA has 200+ startups in our portfolio, 1800+ angel investors and mentors in its network. With 9 co-working hubs, our vision is to create an inclusive ecosystem that can connect all relevant stakeholders in the economy- Government, Academia, Industry and the Startups. Our thesis is to invest in high potential early-stage entrepreneurs and help them scale, thus contributing to the vibrant entrepreneurial ecosystem in the country. Y Combinator Y Combinator, often referred to as YC, is one of the most prestigious and influential startup accelerators globally. Known for its highly competitive application process, Since 2005, YC has invested in nearly 3,000 companies including Airbnb, DoorDash, Stripe, Instacart, Dropbox, and Coinbase. They offer funding, mentorship, and a robust network of alumni to help startups succeed. The combined valuation of YC companies is over $300B. YC has programs and resources that support founders throughout the life of their company 9Unicorns 9Unicorns is a prominent Indian startup accelerator and early-stage venture fund that plays a pivotal role in fostering the growth of early-stage startups. Known for its diverse focus across industries such as technology, healthcare, consumer services, and fintech, 9Unicorns provides not only crucial seed funding but also extensive mentorship from seasoned entrepreneurs and industry experts. The accelerator’s support goes beyond financial backing, aiming to assist startups in refining their business models, improving their products or services, and preparing for subsequent rounds of funding. With a commitment to nurturing innovation, 9Unicorns stands as a key player in the Indian startup ecosystem, offering a platform for startups to showcase their potential and accelerate their journey to success. Venture Catalysts: Venture Catalysts is a prominent seed-stage accelerator in India that has made significant contributions to the startup ecosystem. Recognized for its comprehensive support, Venture Catalysts not only provides funding to early-stage startups but also offers strategic mentorship and access to a vast network of successful entrepreneurs and industry experts. With a focus on driving innovation and growth, Venture Catalysts plays a crucial role in nurturing and shaping the success stories of startups across various industries. The accelerator’s commitment to fostering entrepreneurship and providing a robust ecosystem makes it a noteworthy player in India’s dynamic startup landscape.

In the ever-evolving landscape of startups, accelerator programs stand as the driving force propelling visionary ideas toward resounding triumph. These programs are not just a source of financial backing but also serve as invaluable wellsprings of mentorship, connectivity to influential networks, and essential resources, all critical for startups to flourish and navigate the complexities of the industry. As we gaze into the horizon of 2024, this list spotlights four accelerators that have consistently left indelible marks on the journey of countless startups, providing a catalyst for growth and innovation. These accelerators not only offer funding but also serve as conduits to a wealth of knowledge, strategic guidance, and influential connections, making them key players in shaping the future success stories of the tech startup ecosystem.

Below are the top 4 accelerators fueling tech-based startup success:

India Accelerator

India Accelerator, awarded the Best Accelerator of the country in 2021 by Startup India and the first GAN-partnered accelerator in India, provides a dynamic and highly supportive ecosystem for entrepreneurs. Backed with a couple of SEBI AIF, IA has 200+ startups in our portfolio, and 1800+ angel investors and mentors in its network. With 9 co-working hubs, our vision is to create an inclusive ecosystem that can connect all relevant stakeholders in the economy- Government, Academia, Industry, and Startups. Our thesis is to invest in high-potential early-stage entrepreneurs and help them scale, thus contributing to the vibrant entrepreneurial ecosystem in the country.

Y Combinator

Y Combinator, often referred to as YC, is one of the most prestigious and influential startup accelerators globally. Known for its highly competitive application process, Since 2005, YC has invested in nearly 3,000 companies including Airbnb, DoorDash, Stripe, Instacart, Dropbox, and Coinbase. They offer funding, mentorship, and a robust network of alumni to help startups succeed. The combined valuation of YC companies is over $300B. YC has programs and resources that support founders throughout the life of their company

9Unicorns

9Unicorns is a prominent Indian startup accelerator and early-stage venture fund that plays a pivotal role in fostering the growth of early-stage startups. Known for its diverse focus across industries such as technology, healthcare, consumer services, and fintech, 9Unicorns provides not only crucial seed funding but also extensive mentorship from seasoned entrepreneurs and industry experts. The accelerator’s support goes beyond financial backing, aiming to assist startups in refining their business models, improving their products or services, and preparing for subsequent rounds of funding. With a commitment to nurturing innovation, 9Unicorns stands as a key player in the Indian startup ecosystem, offering a platform for startups to showcase their potential and accelerate their journey to success.

Venture Catalysts:

Venture Catalysts is a prominent seed-stage accelerator in India that has made significant contributions to the startup ecosystem. Recognized for its comprehensive support, Venture Catalysts not only provides funding to early-stage startups but also offers strategic mentorship and access to a vast network of successful entrepreneurs and industry experts. With a focus on driving innovation and growth, Venture Catalysts plays a crucial role in nurturing and shaping the success stories of startups across various industries. The accelerator’s commitment to fostering entrepreneurship and providing a robust ecosystem makes it a noteworthy player in India’s dynamic startup landscape.

Reevoy raises $4m in seed round led by 9Unicorns and Venture Catalysts

B2B cross-border trade startup Reevoy has raised a total of $4m as seed money, led by 9Unicorns and VCAT. The round also saw participation from Better Capital, Earlsfield Capital Partners, Kunal Shah, Anupam Mittal, Ketan Patel and Hanumantha Kumar.

Started in Oct 2020, by IIT Delhi, IIM, ISB alumni Ankur Khetan, Ishan Dadhich and Mohit Agarwal, Reevoy is a platform – which helps importers source high-quality products from Indian exporters and provides working capital to finance the transactions. The funds will be invested in building its supply-chain technology and embedded finance capabilities. Dexter Capital was the advisor to Reevoy for this deal. Previously, in June 21, Reevoy had raised $1 million in a pre-seed round.

Global trade in the textile, home goods and lifestyle category is a trillion-dollar industry. Indian exports are benefiting from global supply chain realignment and domestic support through the ‘Make in India’ initiative. This space is already witnessing a double-digit year on year growth. However, importers continue to face a lot more uncertainties when buying from India, compared to the vertically integrated supply chains of China and South-East Asia.

Reevoy is enabling big global brands in fashion and home décor to buy from India at the click of a button. Reevoy’s integrated tech platform is a one-stop destination for importers to find the right exporters; streamline the production process – from design to final quality checks, and purchase the goods on credit.

Reevoy is on a mission to create tech-powered, quality-assured supply chains for fashion and home-décor between India and the world. Reevoy supercharges mid-sized audited Indian factories with tech, bringing them on the cloud with their production management software. Reevoy has built a strong on-ground team that manages and inspects production ensuring that anything leaving the warehouses of Reevoy-accredited exporters exceeds the expectations of global importers – thus turning ‘Made in India’ into a hallmark of quality.

Ankur Khetan, co-founder of Reevoy said, “In today’s world, where ordering a Rs 50 coffee on an app gives us hundreds of restaurants to choose from and shows us minute-by-minute visibility on the order progress – it is surprising that export orders worth millions are being managed the same way they were 50 years ago. Reevoy aims to turn this on its head, unlocking the India opportunity for global importers.”

Dr. Apoorva Ranjan Sharma, co-founder of 9Unicorns and VCATs said, “Reevoy is a first of its kind startup that is using technology to solve some real pain points for the Indian exporters with regards to supply chain and payments, helping them compete globally. With India’s share of global exports hitting record numbers and forecast to cross $400 bn in current fiscal, we expect massive opportunities for players like Reevoy.”

Anupam Mittal, CEO of People Group and founder of Shaadi.com said, “Reevoy is a matchmaker between Indian suppliers and global exporters. They are filling a gap that had so far made sourcing from India cumbersome, thus improving the performance and perception of ‘Made in India’. I wish this winning team all the best!”