Bengaluru-based early-stage venture capital firm and accelerator Axilor has shortlisted 20 startups for the Winter 2017 accelerator programme.
Founded by entrepreneurs and business leaders Kris Gopalakrishnan, S D Shibulal, Professor Tarun Khanna, Srinath Batni and Ganapathy Venugopal in 2014, India’s leading accelerator platform Axilor Ventures, is counting big on mentoring early-stage startups, assisting them in securing Seed funding.
Speaking of the new accelerator cohort, Ganapathy Venugopal, co-founder and CEO of Axilor said, “I am amazed by the ambition of the 20 startups that have joined our sixth accelerator cohort. Ambitious founders are increasingly looking at Axilor’s Accelerator Program as a smarter way to accelerate their progress. Building on the success of the last batch, this cohort is another big step by Axilor in creating a strong early-stage pipeline.”
For every shortlisted startup, the 100-day accelerator programme is supported by Axilor’s $38.87K (INR 25 Lakhs) fund through Axilor’s Scale-up programme. The programme also helps them in fundraising from other angel investors and VCs. The Winter ‘17 cohort of 20 startups primarily belongs to five sectors – enterprise (5), AI (5), consumer internet (5), healthcare (2) and fintech (3).
Asutosh Upadhyay, Head of Programs at Axilor, said, “Increasingly, founders are clear about Axilor’s accelerator program value-add and how it can help them. Majority of the startups in the Winter ’17 cohort are post-launch and half of them post revenues. They are looking at the program to accelerate growth, validate new business models and get funded. We are quite happy to see more startups with good traction and more experienced founders choosing the program.”