Early-stage venture capital firm Axilor has inducted 10 startups as part of its accelerator programme for the Winter 2016 batch.
Axilor’s structured programme is for founders in the very early stages of their idea, as it comes with a host of benefits. At the end of the 100 days, most startups achieving the programme goals get a funding of INR 25 Lakhs through Axilor’s Scale-up programme. These startups were selected from over 437 applications.
The startups operate in ecommerce, fintech, fashiontech, and HR solutions space with an equal split of B2B and B2C focus.
Talking about the fourth batch, Ganapathy Venugopal, co-founder and CEO of Axilor said, “For Axilor’s accelerator programme, founders with a few years of experience are a good target. They have better insights about the problem they are trying to solve and understand the challenges of scaling early stage companies. We are excited at the current set of startups and the businesses they are building.”
Here are the nine shortlisted startups out of the 10 selected entries.
Bueno Labs – Founded in 2016 by Ashwin Koorakula and Uday Kiran Reddy Thota, Bengaluru-based Bueno Labs is an ecommerce enabler. It is solving the problem of low checkout conversions for small to medium sized ecommerce merchants by creating a platform that optimises the checkout process. Through its conversion optimisation product, ecommerce websites can improve their checkout conversion rates by upto 20%.
Fabulyst – Hyderabad-based Fabulyst was founded by Vikas Jethnani, Vishal Chitravanshi, Raj Prakash, and Komal Prajapati. It enables its users to have a personal stylist for shopping fashion online. The solution personalises the experience, making discovery quick and relevant. Fabulyst uses proprietary machine learned algorithms (patent pending) to make the experience scalable.
InsightsIO – Bengaluru-based InsightaIO was founded in 2015 by Kewai Krishna, Sandeep Singh and Ankit Goyal. It is an end-to-end decision making platform that helps enterprises collect, analyse, and report data for faster and effective data-driven decisions for enterprises and governments.
MatchBox – Founded by Varun Ungurala in 2015 Hyderabad-based MatchBox is a wardrobe organiser app that helps organise apparel, accessories, and footwear for easy mix-match and create unique personalised looks for the fashion-conscious millennials.
MiStay – Founded in 2016 by Pranav Prabhakar and Sandeep Jaiswal, Bengaluru-based MiStay is a traveltech company. It allows booking hotel rooms by a pack of hours with flexible check-in/ check-out times. It is currently operational in eight cities in India, with partnerships with 50+ hotels. MiStay also partners with corporates to manage their employees’ travel needs who often require day-use hotels for short stays.
Lytyfy – Founded by Deepak Kumar, Vishnu Raghunathan and Dilip Kumar in 2015, Lytyfy has developed a solar-as-a-service model for providing power to the rural areas. The company capitalises on technology, microfinance, and community engagement to promote clean energy access in rural India. Lytyfy has an online loan crowdfunding platform for retail investors to invest in off-grid, rural, solar projects.
Seen It – Founded in 2015 by Vedanta Kumar, Ankita Sancheti, and Saksham Karwa, SeenIt is a virtual community of fashion enthusiasts who help consumers find the things they want, but don’t know where to buy it from. It is a community-led, curated platform to discover upcoming styles and trends.
Trustio – Trustio is an invite-only platform for alumni of premier colleges to avail short-term credit from their fellow alumni. Trustio uses a proprietary credit scoring model that relies on education, professional experience, and number of backers from the community. It was founded in 2016 by Pranay Bharadwaj and Satya Prakash.
Total Cloud – Founded in 2016 by Pradeep Kumar, Bengaluru-based Total Cloud is a completely visual and interactive environment which enables enterprises to manage and operate their cloud infrastructure in real-time. It is a next generation interface that is closer to human imagination.
