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Tag: Startups

Inflection Point Ventures Announces seed funding for Winners of startup accelerator program IPV Ideaschool Batch 1.0

July 11, 2024, Delhi: Inflection Point Ventures, one of the most active and largest angel investment platforms, has announced the winners of its first ever early stage accelerator program IPV Ideaschool Batch 1.0. The three winners, Bloq Quantum, Medront Datalabs, Telkes Technologies were awarded a seed funding of Rs 80 lakhs each.

IPV Team + Jury +Startups

This six-week nationwide program was designed to transform early-stage startups from idea to MVP. After a rigorous multi-level selection process starting with over 1000 applications, the top 15 ideas made it to the final round. The journey was marked by intensive masterclasses, bootcamps, and mentorship sessions conducted by industry experts. Applications were received from several promising sectors, showcasing a diverse range of innovative solutions.

The top 15 finalists had the opportunity to pitch to a distinguished jury of reputed CXOs, including Sukhmani Bedi, Partner at Orios Venture Partners; Jaideep Singh Kalra, Director and Head Business Banking at HSBC; Karan Kumar, Business Development Manager at AWS; Vinay Bansal, Founder and CEO of Inflection Point Ventures; and Vikram Ramasubramanian, Partner at Inflection Point Ventures. The selection process ended with three winners receiving funding for their unique ideas, which had never been funded on the IPV platform before.

Congratulating the winners, Mitesh Shah, Co-Founder, Inflection Point Ventures says, “IPV Ideaschool accelerator program was started with a vision to support, nurture, and mentor sustainable and innovative startups that are developing technologies for large use cases but need hand holding to achieve the MVP stage. Through this program, we have received applications from metros to tier 2 towns like Vijayawada in Andhra Pradesh, Samastipur in Bihar, Kollam in Kerala, Kangra in Himachal Pradesh, and Jhalrapatan in Rajasthan. This confirms our thesis that innovation is not restricted to a select few in key startup hubs but today, next-gen founders are also emerging from small pockets.”

Founded by Sreekuttan LS, Bloq Quantum is revolutionizing quantum computing by building AI-enabled collaborative solutions for quantum data and algorithm pipelines. Medront Datalabs founded by Nitesh Singh is a secure Data Pods & Consent Platform. It gives users control over personal data & enables secure data exchange with D2C brands. Telkes Technologies (My Pickup), founded by Abhijeet Jagtap, provides subscription-based electric auto-rickshaw services for daily commutes to office goers and school children, aiming to disrupt the way people travel to their workplace or school.

Abhijeet Dattatraya Jagtap, Founder & CEO, Telkes Technologies says, “The accelerator program gives us a significant advantage over other startups. Not only have we secured initial funding, but we have also gained access to IPV’s extensive ecosystem, which includes VC connections, infrastructure support, strategic partnerships, and expert mentorship. Additionally, the Ideaschool program effectively filters out ideas from domain-agnostic startups with minimal traction but proven POCs to fast-track them and make them VC fund-ready. This comprehensive support helps us scale our businesses rapidly and effectively, ensuring our ability to raise institutional rounds.”

Following the success of Batch 1.0, IPV is excited to announce the launch of IPV Ideaschool Batch 2.0 commencing from 1st August 2024. This upcoming cohort promises to be even more impactful, providing early-stage startups with unparalleled opportunities to refine their business models, gain industry insights, and secure critical funding.

To be a part of the transformative journey, aspiring startups can apply for Batch 2 from 1st Aug 24 till 20th Aug 24. The program structure aims to be robust, focusing on nurturing innovative ideas and preparing startups for real-world challenges.

IIITH 2

CIE-IIITH’s Start up Demo Day sees 15 startups pitched to 35angels, VCs & corporates

20 January 2022, Hyderabad: CIE-IIITH organized its biannual Demo Day earlier this weekwhere15 startups from various programs pitched to over 30 investors ..  All 15 startups have garnered interest from investors and conversations are on.

CIE-IIITH is a 13-year-old incubator, supported by DST, MEITY & DBT in its early days.  CIE-IIITH has to date supported 400+ startups and seed-funded 25 startups. It is now also focusing on infrastructure facilities, programmes and startup engagements in order to build a deep-tech startup ecosystem.

CIE-IIITH’s Demo Day showcases startups from itsAvishkar-DeepTech, Ojas-MedTech accelerator programs as well as Product Labs’ startup seeding. The startups at this demo day were spread across solution realms from IOT-AI for Industrial automation, CV based game data analysis, AR-VR based virtual meeting platforms, drone-based surveillance, surveying etc.

The Accelerator programs offer up to 40L seed funding, and technology help through research labs of IIITH, along with strategy and GTM advisory leading up to initial customer traction. The startups are from varied technologies like AI/ML, CV, NLP, Dronetech, AR/VR, working in various domains of manufacturing, data analysis, surveillance, virtual meeting platforms, asset tracking.

“Happy to see good results in recent years of 25 total accelerated startups in the past 5 year. Few startups have had seriesA+ funds raised at very high valuation (BlueSemi. DreamVu) and some even got acquired (Revos, Instoried), said Prof. Ramesh Loganathan, COO, CIE-IIITH

Investors included SucSeed Indovation Fund, Kalaari, Venture Catalyst, Mumbai Angels, IAN, HA, Blume Ventures, Endiya Partners. Corporates such as Microsoft, Biocon, TCS, GMR, ICICI also attended the Demo Day Most startups garneredinterest from investors for follow on conversations.

Annexure

SEED STAGE STARTUPS

Intech Harness Pvt Ltd

They are developing a technology platform for farmers facing erratic power & water conditions on the farm and also handhold the farmer onto the platform of Data-Driven Irrigation through the modular offering of Deeptech.

Age: 3 Years

Domain: Agritech

Customers: Mr.Sharad (End User), Mr. Ayyub (Dealer From FPO)

Funds Raised: 30K USD

Website: http://www.intechharness.com/

Matchday ai

Matchday ai is reimagining sports for the mobile generation. Sports has been the same for generations but consumer habits have changed drastically. At the core, the solution is a super low cost and scalable AI algorithm that can automatically measure game performance and physical attributes using only video as an input. The estimated SAM is 1.1 B$ annually for badminton and 16 B$ for football as we aim to unlock a massive market currently untapped by tech companies.

Age: 2 Years

Domain: AI/ Sports Customers: Star Sports Funds Raised: 70k Usd

Website: https://urbannaps.com

Vyomik Innovations Pvt Ltd

Vyomik Drones builds UAVs that provide multi-faceted solutions to diverse industrial sectors. Their drones are powered with the right hardware and software that serve as intelligent resources for industries in the Land Mapping, Infrastructure, Agriculture, Mining, Public Sectors, and Energy Utilities. They also provide drone-based solutions for different

sectors to improve efficiency and accuracy by using data acquisition skills and AI-based image processing algorithms to analyze the data and provide meaningful reports for the management to take preventive measures and increase operational efficiency.

Age: 1.5 Years

Domain: UAV/ Dronetech

Customers: Myhome, Ncte, At Urban, Aparna Western Meadown, Dreaam Valler Group & Kancharla & Giridhari Homes, Geosilicon, Swachha Andhra Corporation.

Funds Raised: 13K USD

Website: https://www.vyomikdrones.com/

EARLY/ANGEL STAGE STARTUPS

HomeGround

HomeGround is a platform that brings professional cricket training and analytics to the grassroots. We use Computer Vision and AI to review cricket training videos and provide real-time feedback, recommendations and connect to experts. All the user has to do is capture live or upload a pre-recorded training video to get actionable insights and recommendations to improve.

Age: 1 Year

Domain: AI & Sportstech

Customers: Sun Cricket Academy, Good Sports Cricket Academy, Ibowl And Leverage.

Funds Raised: 30K USD

Website: https://homegroundapp.com/

Seethos India Private Limited

Seethos is a technology firm specializing in artificial intelligence solutions. Currently, we are developing projects/products for the Indian Army. Seethos R&D is working on other AI solutions that suits small banks and credit unions in the USA.

Age: 3 Years

Domain: AI

Customers: Indian Army

Funds Raised: Fully Bootstrapped

Website: https://seethos.com/

Machstaz

Machstatz provides an Industrial AI platform for instant connectivity across machines, delivering insights and helping achieve business outcomes across manufacturing. The platform provides machine learning diagnostics for machines and process analytics solutions. These solutions are being implemented in manufacturing industries which increases production efficiency and reduce downtime of industrial machines on a real-time basis.

Age: 4 Years

Domain: AI/ IIoT

Customers:JindalSteel&PowerLimited,BorosilRenewablesLtd., ArvindFashions,Wellspun,Duroflex,Volvo&Eicher

Funds Raised: 96K USD

Website: https://machstatz.com

NextMeet – WorkingBot Technologies Pvt Ltd

NextMeet is an immersive Meet-Up platform that enables real-time virtual conferencing and networking in an avatar-based 3D environment. Launched under the ambit of WorkingBot Technologies, NextMeet is the first avatar-based virtual conferencing platform created in India. NextMeet provides corporations, institutions and event organizers the ability to convene in a dynamic ecosystem, bypassing the associated logistical costs as well as UI-induced fatigue.

Age: 1 Year

Domain: Metaverse, Vr, Remote Collaboration Customers: Michigan State University, Icfai University, Boston Consulting Group

Funds Raised: 130k Usd Raised So Far.

Website: https://nextmeet.live/

Nexmatics Private Ltd

Nexmatics Ultra-Wideband (UWB) Trackers is designed for applications requiring accurate, precise and high update rate real-time location. Our Trackers processes contextual information to ease decision making and precise device management. We build solutions— not just techs —that improve the abilities of individuals, associations and the world at large. We are focused on keeping our clients in front of the opposition and assisting them with getting ready for change.

Age: 1 Year 5 Months

Domain: IoT

STARTUP SHOWCASE

DreamVu

DreamVu is a pioneer and the leader in omnidirectional 3D vision systems. DreamVu’s product is a single sensor-based, 360-degree camera with depth sensing.

Age: 4 Years 3 Months

Domain: 3d vision, Camera technology, Depth Imaging

Website: https://dreamvu.com/

Founder: Rajat

BlueSemi RnD

BlueSemi was founded with the vision to leverage innovative, cutting-edge technology that promotes responsible disruption in Health-tech AIoT through their proven expertise in

that is a non-invasive and revolutionary device that analyses 6 key vitals like blood glucose, ECG, BP, HR, SPO2, and temperature in just 60 seconds.

Age: 4 Years 5 Months

Domain: Consumer Healthcare IoT Website: https://bluesemi.io/ Funds Raised: $69 Million Founder: Sunil Maddikatla

Sublt.AI

Subtl.ai creates document intelligence that can understand natural language questions our users have and route them to relevant extracts from documents, like an expert of these documents would. The technology has been validated in the finance domain and we are positioning the product for Banks, at least for the next 6-9 months. We had also almost made it to the YC winter batch and are hopeful to get in for the summer 2021 batch.

Age: 2 Years

Domain: Banking/ BFSI Customers: SBI, BDL, GRSE Funds Raised: INR 60 Lakhs Founder: Vishnu Ramesh Website: https://subtl.ai/

Apxor

Apxor is the world’s first digital nudging platform for apps. Nudges are non-intrusive and appear only when the users need them. Leading apps like Dream11, Doubtnut, Shemaroo rely on Apxor to experiment on different features.

Age: 6 Years

Domain: SaaS

Customers: Dream 11, Doubtnut, Shemaroo, GrabOn, Quick Ride

Funds Raised: $1.5 Million

Founder: Krishna Kasturi

Website: https://www.apxor.com/

Arka Aerospace

They are developing the world’s first commercial Re-Configurable Drone. Application areas include Drone Delivery, Warehouse movement, and other multi-payload applications

Age: 1 Year

Domain: UAV/ Drone Tech Funds Raised: Bootstrapped Founder: Suraj Bonagiri

Website: https://arkaaerospace.com/

Marut Drones

Marut Drones is India’s leading drone technology provider. They have many firsts to our name including introducing Data Analytics, IoT, Artificial Intelligence and Machine Learning to the nascent drone industry in India.

Age: 2.5 Years

Domain: UAV/ Drone Tech Customers: Government of Telangana Funds Raised: $100K

Founder: Prem Kumar

Website: https://www.marutdrones.com/

Onward Health

Onward Assist helps improve cancer treatment outcomes by solving the problem of an accurate and timely cancer diagnosis. They enable cancer pathologists and radiologists with automated analytics tools for faster and better reporting.

Age: 5 Years

Domain: AI, Diagnostics Funds Raised: $400K

IIM Udaipur Incubation Centre Launches First-Ever Startup Cohort Towards Climate Change; Invites Eligible Startups

IIM Udaipur Incubation Centre

January 18th, 2022; Udaipur: The Indian Institute of Management Udaipur announced Climate Change Innovation Grant for eligible startups in association with Meity Startup Hub, Meity, Gov. of India, and corporate partner Transworld Group. The grant focuses on supporting early-stage climate tech ventures whose products or services are explicitly focused on reducing GHG emissions or addressing the impacts of global warming.

The participating startups will receive the opportunity to brainstorm and validate solutions with corporate partner Transworld Group, get tailored training and support, learn and share in a community of like-minded founders in a collaborative environment, incubation, and co-working space at IIM Udaipur Incubation Centre, and also an opportunity to pitch for follow-on funding under other programs of the incubation centre.

Mr. Kannan Soundararajan, CEO, Incubation Centre, IIM Udaipur said, We want to provide you and your startup with state-of-the-art mentoring and online training, as well as access to financial support and networking opportunities. The bottom line is a success, both for you and your start-up and for the environment with tangible climate solutions.”

“We are looking for people who are motivated and passionate about fighting climate change. If you have an innovative idea, this is your chance to put it to fruition. If you’re an existing start-up and in need of financial aid and/or guidance on growing your business, this is the programme for you. INR 4 Lakhs will be offered for Prototype validation and development grant to up to 2 Entrepreneurs-in-Residence and INR 7 Lakhs will be bestowed for Product development and pilot run to up to 2 startups, further added.

The cohort is designed to focus on key areas namely, Clean Energy, Mobility and Transport, Agriculture & Food Systems, Ports & Shipping, Green Buildings & Cities and Circular Economy. Each focus area will target the ill-effects of the above challenges and will deep-dive into solutions and innovations aimed at these challenges.

 Eligibility

  • Startups with a minimum of two members or two people focused on a new technology or service with high potential for commercial viability and climate impact.
  • Your solution can address any of the problem statements mentioned for this Climate Change Innovation grant.
  • The core value proposition can be based on digital as well as non-digital solutions.
  • Your solution is at either of these stages: proof of concept/prototype development/a tested prototype/MVP created, and a roadmap designed.
  • Your ultimate solution, once developed, has the potential to be quickly commercialized and scaled.
  • Preference would be given to innovative ideas for which patent has already been filed or can be filed in the future.

Important Dates

  • Application Starts – January 10th, 2022
  • Last date of application – February 10th, 2022
  • Application Evaluation – February 14th– 25th, 2022
  • Startup Idea Presentation – March 1st, 2022
  • Announcement of Selected Start-up Ideas – March 7th, 2022
  • Start-up Incubation and Onboarding – March 10th, 2022

TiE Mumbai conducts over 200+ engagements with Startups & Entrepreneurs, enabling and mentoring them

At TiE Mumbai, this year was yet another year where the association continued with its virtual engagements although a few forums were created where people could meet physically whenever possible. TiE Mumbai has successfully completed about 200+ engagements on varied themes along with entrepreneurs and VCs and had connected nearly 10,000 people in some way during these events. Interestingly the mix of these engagements and outreaches have been different and varied when compared to the last years.

One of the key themes that TiE Mumbai emphasized a lot, is creating Masterclasses, which are building models for expert-based learning. The focus of these masterclasses was to create new angel investors. TiE Mumbai had several masterclasses run by prolific angel investors and which saw great participation as well as feedback.

“This year, TiE Mumbai added 150+ angel investors into the network. Our charter member base grew by over 30% and we increased our active member base by over 40%. TiE Mumbai has engaged with more than 10,000 people through its engagements. “said Amit Mookim, President, TiE Mumbai.

TiE Mumbai is also partnering with the government incubators like the STPI, where they are working on an incubation program. As a part of the program, jury members from the TiE network evaluate startups who are signing up for these incubation programs.

I am hoping that in 2022 the connect and the engagement with the government incubators as well as their initiatives will gain more momentum,” added Amit Mookim.

As a part of its focus on Special interest groups (SIG), TiE Mumbai has SIGs on Healthtech, Fintech, Food and Retail already in place. Given its relevance in the community, TiE Mumbai intends to focus on two other specific SIGs, that is Blockchain and sustainability in the coming year. During this year, the association ran a marquee event for Healthcare, which was extremely well attended. It had participation from not only Indian entrepreneurs, corporates and VC, but also from the global network. TiE had speakers and investors both from the Valley and Europe. It had a high level of participation and engagement with close to 2000 people attending the Summit.

During the year, TiE Mumbai also ran several networking and mentoring programs. Close to 60 mentoring sessions were conducted where about 30 mentors from the TiE network mentored 60-65 founders.

TiE Mumbai has started working with Corporates more closely. TiE Mumbai designs, develops and executes corporate and startup engagement programs that help both scale their tech, digital and product offering faster to customers. This has proved to be immensely successful and TiE Mumbai looks forward to continuing this momentum in the next year as well.

On the Global front, TiE Mumbai has actively supported the TiE Women Global Pitch Competition. A woman entrepreneur representing TiE Mumbai was the finalist in this competition to support entrepreneurship.

Activities planned for 2022

  • TiE Mumbai is working on an Impact report, which is planned to be launched early next year. It will be a summarization and a depiction of how Mumbai plays an important role in the Startup ecosystem and will provide for further acceleration for bringing in and growing some of these Startups in Mumbai itself. The focus of this report is on the areas of Media and entertainment, Fintech, Healthcare and Wellnesstech and Sportstech.
  • TiE Mumbai’s flagship event, TiE Con 2022 is being planned for April 2022. This may not be a purely virtual event and efforts are being made to plan it as a global event.
  • With a network of 50,000 entrepreneurs on its database, a high profile of charter members and board members and years and hours of content, TiE Mumbai is planning to build on its physical assets. It intends to launch an initiative next year to create a community and plans to drive a lot more content digitally through these communities. This platform will enable these communities to interact and benefit from each other.