Paypal has announced the graduation of three startups incubated at its Start Tank Incubation Center in Chennai. These three companies include DoPartTime, Fantain, and Kobster. The startups had started their incubation at Start Tank between 2013-14.
The three selected startups received technology mentorship and infrastructure support from PayPal during this time.
“As one of the world’s largest startups, we at PayPal are proud to see the graduating startups benefit from our mentorship and expand their teams and businesses while at Start Tank. This occasion is another major step in our commitment to the development of a strong technology ecosystem in India. We wish the three companies the best in their entrepreneurial endeavors,” said Anupam Pahuja, General Manager, Technology, Asia-Pacific, PayPal.
Founders: Mohankumar Swaminathan and Arun David
DoPartTime is a marketplace for bringing together part-time job seekers and job providers, the platform helps in finding and hiring of flexible and temporary jobs through a technology-led web and mobile platform.
Founders: Anand Ramachandran, Aravind Ramachandran, and Vivek Venugopalan
Fantain helps sports companies use ‘Fan Data’ to increase revenue and predictability, by using its ‘Fan Data Management Platform,’ it engages, collects, and analyzes ‘Fan Data’ from various sources and provides actionable insights to customers.
Founders: Vineet Neeraj, Karthik Ramaiah, and Mohan Gayam
Kobster is a web-based, B2B ecommerce startup that helps corporate buyers, retailers, SMEs, home offices, hotels, etc. to purchase office supplies in bulk at wholesale rates. The startup has recently also raised an undisclosed amount of seed funding from Splice Advisors.
PayPal India formally launched its startup incubator Start Tank in association with TiE Chennai in November 2013. Start Tank Chennai currently hosts two other startups: Konotor and PiQube. PiQube recently secured $500,000 in funding from The HR Fund.