Indian startups have not only made a name for themselves in India, but new ideas and innovation from India has attracted investors and accelerators in Silicon Valley. The latest example comes from SOSV’s MOX accelerator focussed on mobile applications.
Seven out of the 10 companies graduating from the seventh batch of MOX have their headquarters in India or have Indian founders.
MOX is backed by VC firm SOSV headquartered in Silicon Valley and focusses on startups in emerging markets. The venture capital and investment management firm provides seed, venture and growth-stage funding as well as accelerator support for tech startups.
MOX says it has partnerships with carriers and telcos which allow it to bring to market the mobile startups emerging from different parts of the world. The key focus is her to enable expansion without burning capital on customer acquisition.
This year’s graduates include already profitable global startups as well as seed-stage ventures with sizable user bases from India, Hong Kong, Thailand and Indonesia. Here’s a look at the 10 startups that made it out of MOX:
Founders: Vipul Jain, Vikas Shrivastava, Sushin PV, Rizwan Sadath and Ramees P
Focussing on turning individuals into influencers, Whatscut Pro lets users turn any video into share-worthy content and lets them shoot and edit on the go. The platform has close to 1 Mn downloads overall, and its users have shared approximately 5 Mn stories. The startup was founded in October 2017 by Vipul Jain, Vikas Shrivastava, Sushin PV, Rizwan Sadath and Ramees P, and was chosen as part of Axilor Ventures Winter 2018 Accelerator Cohort.
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Founder: Tarun Saini
Edtech startup Vidyakul connects educators with students to bridge the accessibility gap in education. The interactive e-learning platform lets teachers create online course modules, which can be accessed at affordable prices. It has courses for school-grade exams, as well as competitive exams for chartered accountants, company secretary, entrance tests for engineering and more.
Founder: Anand Krishna
Podd claims to be a credit trust bureau which lets merchants understand their customers. This helps lending companies, in turn, assess the creditworthiness of the customers.
Founder: Keerthivasan Subramanian
PlayTooMee is a platform that lets users organise concerts either for a digital audience or on a stage in front of an audience. Users have to choose a time and date, and promote the show to sell tickets, while PlayTooMe takes care of the venue, the production, recording and live streaming for digital concerts.
Founders: Venkat J, Neha Suyal and Hitendra R
Woovly is a community helping people discover travel destinations and experiences through wishlists — known on the platform as Bucket Lists — and it also connects users to each other based on these wishlists to create a social media community around travel and activities.
Founders: Sumit Sinha, Prashanth Reddy and Mukesh Bansal
Phable is a healthtech startup that is working to solve one of the biggest problems in healthcare — patient treatment compliance. It claims to improve this by 70% to create success stories instead of failed treatments. It focuses on continuous patient monitoring via machine-learning enabled Internet of Things (IoT) devices.
Founders: Deepak Saraf and Rohan Maheshwari
The ecommerce and health services platform deals in health products, Mothercare and fitness products for the Indian market. It also provides curated health, beauty and fitness content from influencers and claims to have over 1 Lakh products. The company is headquartered in Kolkata.
Besides the seven Indian startups, three other startups from Southeast Asia made the cut for MOX this year.
Headquarters: Hong Kong
Founders: Pascal Nizri, Remy Bellavoine
Chekk enables banks, insurance companies and fintech to onboard and manage customers on one platform. IT also allows customers and businesses to control their own digital identities.
NATBAY is a luxury fashion and lifestyle platform that offers hard-to-find clothing and accessories from the world’s high-end fashion designers. The platform ensures the latest designs, authenticity and great price.
Founders: James Susnto
PinjamWinWin provides fast and easy loans for individual and small business. The company claims to be profitable by growing in triple digits every year.
Each graduating startup will have to showcase their applications on Demo Day on August 27 in Taipei and August 30 in Singapore.