As part of the programme Axilor plans to induct up to 15 startups in its upcoming batch, up from 9 in its previous batch.
Additionally, Axilor is also planning to invest in 12-15 startups this year. Through its unique venture funding model, Axilor supports entrepreneurs in their first 24 months, helping them move from idea to scale. Axilor was founded by Kris Gopalakrishnan, S D Shibulal, Professor Tarun Khanna, Srinath Batni and Ganapathy Venugopal.
Axilor’s structured programme is for founders in 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 funding of INR 25 Lakhs through Axilor’s Scale-up programme.
Talking about the programme and its benefits, Ganapathy Venugopal, Co-founder and CEO of Axilor, said, “We are extremely happy to see the results of the 100-day accelerator programme and the difference it has made to startups. The programme has allowed them to move with 3-5x speed, gain good traction and get funded faster. The fact that they are part of a community of some of the smartest founders also makes a big difference to how quickly they are able to move.”
The programme focusses on founders with a tech-led solution to tough problems in ecommerce, enterprise, and healthcare. In ecommerce, it is particularly interested in startups which enable ecommerce capabilities i.e. improve consumer experience through better search, recommendations or product discovery, reduce consumer acquisition costs, categorise better, increase conversions, promote loyalty, improve fulfilment, streamline logistics or make payments easier.
In enterprise, it is looking for startups that are focussed on large global opportunities with a low friction sales model.
The participating startups will get
1- Dedicated access to experts and other entrepreneurs
2- Differentiated partner benefits from AWS, Google, Microsoft and Facebook – all of which save money and come with much-needed expertise
3- The startups will also get access to tools for market validation, prototyping and testing
4- Free memberships to TiE and Tracxn to help networking and learn more about competition.
Applications for the accelerator programme are currently open. The applications close on the 19th of August, 2016. To learn more about the programme and to apply visit : www.axilor.com.