Peesh Venture Capital(PVC), an early-stage investment firm and a startup accelerator has announced the first batch of four startups for its accelerator program.
Under PVC accelerator program, each of the startup will undergo six-months of training and nurturing, to render market-ready companies. Each startup will receive upto $47,000 in funding without sharing any equity with the firm.
Peesh Chopra, managing partner at PVC said, “The PVC Accelerator no-equity model gives us access to the best startups in India along with six months of working experience with them, in order to determine if they are ready for series A funding. PVC will only take an equity stake if it invests in the accelerated companies’ Series A round.”
PVC focuses on startups in the areas of ad tech, ecommerce, wearables, and Internet of Things (IoT). PVC accelerator program follows the Ocean Accelerator Curriculum, in which all the participants are mentored by a team of experts in the field of legal services, finance and accounting, HR, product development, sales and marketing, and operational guidance. The program also helps the startups to raise series A funding.
The Top 4 startups:
RocketFood is a tech-enabled QSR chain. It offers healthy and hygenic North-Indian food packed conviently in a pizza box. The company was co-founded by Abhineet Kumar and Anurag Singh.
Gurgaon-based, Madpiggy is a shopping app that allows merchants to publish deals for the users in a specific area. With Madpiggy, users in a particular area can view and avail all the available deals at the shopping outlets and malls in that area.It was founded by Abhishek Kumar and Deepak Chauhan.
It is based in Balgaum, Karnataka. SenseGiz makes consumer electronic products in IoT and wearables space. Company was co-founded by Abhishek Latthe and Apurva Shetty.
Delhi-based Transtutors helps students to complete their homework through its network of online tutors. Company was co-founded by Aditya Singhal and Nishant Sinha.
These four startups were selected out of 500 applications from all over India. Previously, PVC had backed a bunch of US and Indian startups. It’s portfolio includes companies like MeetUniv, Serosoft Solution, Campus Bubble, GI Group, Easy Education and BlackBelt Help.